Lourdes Leon Guerrero Gets 2010 Guam Business Executive of the Year Award

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Guam -Lourdes A. Leon Guerrero, President, CEO, and Chairwoman of Bank of Guam, was named the 2010 Guam Business Executive of the Year winner on Jan. 15 at the 28th annual Guam Business Executive of the Year gala held at the Hyatt Regency Guam.
Leon Guerrero, 60, was among seven nominees in the slate for the annual award program which recognizes executives who have made outstanding contributions to the local business community and raised the bar in the field in which they are involved. Leon Guerrero is featured in portraiture on the cover of the Guam Business January-February issue which was released at the gala concurrently with the announcement.

She has reinvented herself at least three times, moving from the healthcare arena, to the legislative session hall and then to the corporate world. Before assuming the Bank of Guam’s top posts in 2006, Leon Guerrero served as a senator in the 23rd, 24th, 26th, 27th and 28th Guam Legislature, where she focused mostly on health, human services and cultural issues.

Prior to her 10-year stint at the legislature, Leon Guerrero — formerly a nurse — worked at FHP Inc. from 1984 to 1994, serving as the nursing supervisor, associate operations manager and, finally, director of operations. Before that, she worked at the Guam Memorial Hospital, first as staff development coordinator and later as assistant nursing director.

Under Leon Guerrero’s leadership, the Bank of Guam has hit the billion-dollar mark in assets, allowing the bank to expand programs widely. At the time when the government of Guam was under pressure from the U.S. District Court to meet the requirements for closure of the Ordot dump under the federal consent decree, the Bank of Guam came to the rescue. In January 2009, the bank provided a $20-million loan that eventually enabled GovGuam to comply with the court-mandated deposit for the construction of a new landfill in Layon.

In the latter part of 2009, Bank of Guam increased its presence in Micronesia with the opening of branches in Yap and Kosrae in the Federated States of Micronesia. The bank earned top ranking from the U.S. Small Business Administration as a small business loan lender among Guam’s and Northern Mariana Island’s financial institutions in the first 10 months of 2010. The Kosrae branch produced the very first U.S. Small Business Administration Community Express Loan in the FSM.

Born in Sinajana, Leon Guerrero earned her bachelor’s of science in nursing, master’s in public health, and diploma from the Pacific Coast Banking School, the master’s equivalent to banking.

As for her civic involvement, Leon Guerrero is a board member of the Guam Memorial Hospital, GuamPedia, Guam Humanities Council and Guam Chamber of Commerce. She is the chair of the Pacific Center for Youth and Families, and a member of the Guam Nursing Association.

The Bank of Guam supports Make-A-Wish Foundation, the American Red Cross, the American Cancer Society, Big Brothers/Big Sisters, the Rotary Clubs, the Lions Club, Sanctuary, Soroptimist International, Mercy Action of the Marianas, Church Parishes, AFCEA Arm Forces Communications and Electronics Association, among others.

Leon Guerrero is married to Jeff Cook, an attorney. Her son Joaquin is 31, and daughter Mariana is 27.

Leon Guerrero joins past Executive of the Year recipients who include Robert H. Jones of Triple J Enterprises (1983); John M. Borlas of IT&E Overseas Inc. (1984); Philip J. Flores of BankPacific (1985); Doris Flores Brooks of the Office of Public Accountability (1986); Mark V. Pangilinan of M.V. Pangilinan Enterprises Inc. (1987); Allen A. Pickens of Tax-Aide (1988); the late T. Roy Sullivan of Jones & Guerrero Co. (1989); Kurt S. Moylan of Moylan’s Insurance (1990); Akira “Mike” Baba of Baba Corp. (1991); Paul M. Calvo of Calvo Enterprises Inc. (1992); Antoinette D. Sanford of the Sanford Technology Group (1993); the late Kenneth T. Jones of Jones & Guerrero Co. (1994); the late Edward M. Calvo of Calvo Enterprises Inc. (1995); L. Carl Peterson of Money Resources Inc. (1996); William R. Thompson (1997); John K. Lee of First Hawaiian Bank (1998); the late Henry L. Schnabel of Calvo’s Insurance Underwriters (1999); Marian Aldan-Pierce of DFS Saipan (2000); Manfred H. Pieper of the Conrad Bangkok (2001); Thomas G. Ahillen of Asia Pacific Solutions LLC (2002);  Juan T. Guerrero of Herman’s Modern Bakery Inc. (2003); Joey Crisostomo of Cars Plus LLC, Cycles Plus and Payless Car Rental (2004); Joseph “Jerry” Kramer of Pacific International Inc. (2004); David M. Sablan of Century Group of Companies (2005); Alfred C. Ysrael of Tanota Partners (2006); Lee P. Webber of the Honolulu Advertiser (2007); Laura-Lynn V. Dacanay of First Hawaiian Bank (2008); and Jerry Tan of Tan Holdings Corp. (2009).

The other six 2010 nominees are: Vicente S. Angoco, senior vice president, Matson Navigation Co.; John Z. Arroyo, president and chief executive officer, Coast 360 Federal Credit Union; Louis C. DeMaria, vice president Micronesia, dck pacific guam LLC; David J. John, president and chairman, ASC Trust Corp.; Frank S.N. Shimizu, president, Ambros Inc. Guam, Mar-Pac Distributors Inc. Saipan and Shimbros International Inc.; and Amier C. Younis, operations manager, Marianas Variety Guam.

The annual Guam Business Executive of the Year gala is a fundraising event for the Guam chapter of the American Red Cross. This year’s event drew approximately 300 people. For any questions or inquiries, please contact Jessica Peterson, assistant editor of Guam Business at 671-649-0883 ext. 126 or email assist_editor@glimpsesofguam.com.