Effective August 22, 2016, the BankGuam Holding Company appointed Mark J. Sablan as an independent member of the board of directors of the Company as a Class II Director to fulfill the term of his predecessor Dr. Ralph G. Sablan, his father, who retired from the Company effective July 31, 2016. Mr. Sablan was also appointed to the Company Audit Committee, the Nominating and Governance Committee and the Stock Purchase Plan Committee. Mr. Sablan is currently the Vice President of Business Development and Community Affairs of South Pacific Petroleum Corporation. He has been employed with SPPC since December 2000. Prior to joining SPPC, he was employed by Esso Eastern Inc. (EXXON) from 1990 to 2000.