The Maga'haga [Chamorro term for princess] Award was given to Katherine Calvo Sgro, executive vice president and chairman of the board for Payless Markets Inc., at the Businesswoman of the Year gala held on Saturday, May 6, 2006, at the Guam Marriott Resort & Spa.
First Lady Joann Camacho opened the envelope naming Sgro as the winner, before a crowded room of nearly 300 people.
The Guam Business second quarter issue, featuring Sgro
on its cover, was also released at the event.
was chosen among 15 nominees by a panel of judges, including businesswomen and leaders in the community for making a significant difference to business through her
work, contribution to the community and displaying the best qualities of a woman in business.
In 1987, she became the first female Calvo family member to take an active role in the Calvo family business.
In the last year alone, Sgro
organized the Pay-Less Markets Community Foundation
, which contributes to Big Brothers Big Sisters of Guam, Island Girl Power, Coalition Against Sexual Assault & Family Violence, among others and was involved in numerous organizations and fundraising events, including the Gentle Refuge Pregnancy Crisis Center
, Kamalen Karidat Kitchen and Sugar Plum Tree.
She also sits on the board of the Bank of Saipan.
All the while, she
ran Pay-Less, developed sales strategies and renovated two stores.