Former DFS executive joins IT&E, IP&E parent

CEO: Jim Beighley has joined Citadel Holdings Inc. as CEO of the company's Pacific islands businesses. Citadel Holdings is the parent company of PTI Pacific Inc. which does business as IT&E; IP&E, which operates Shell and Foodys; and Fujita Property Guam Inc. which owns the International Trade Center building on Guam. Photo courtesy of Citadel Holdings

A former executive for luxury travel retailer DFS Group in the Asia-Pacific has moved to Philippine-based Citadel Holdings as the Guam-based chief executive for its Pacific islands businesses.

Jim Beighley has joined Citadel Holdings Inc. as the CEO of Citadel's Pacific islands businesses.

Citadel Holdings is the parent company of PTI Pacific Inc. which does business as IT&E, a telecommunications provider in the Northern Marianas and Guam; IP&E, which operates Shell service stations and Foodys; and Fujita Property Guam Inc. which runs the Guam International Trade Center building on Guam. Citadel Holdings Inc. is a privately held investment holding company that invests in new ventures and special situations, the company profile states. 

Jose Ricardo “Ricky” Delgado, president and CEO of Citadel Holdings Inc., announced Beighley's move to Citadel.

“We are excited to announce Jim’s appointment. He is an exceptional leader, and the Group looks forward to supporting him as he leads Citadel in providing the best services to our customers Guam, CNMI and beyond,” Delgado stated in a press release. 

Beighley worked at DFS over a span of 21 years, including as the managing director, for Guam, Saipan and Hawaii. Most recently he was the executive vice president for strategy and business development for DFS globally. Beighley is a graduate of University of California, Santa Barbara, with a bachelor’s degree in economics, and National Chengchi University.

Beighley has been a member of IT&E’s board of directors since January 2011.

“I’m looking forward to joining Citadel at this very exciting time in the Group’s evolution. We have a number of well-run businesses who are all leaders in their sector, a group of very talented executives and the backing of world-class investor partners. I look forward to contributing to the Group’s growth in the Pacific region, into Southeast Asia and into new sectors,” Beighley stated in a press release.

For close to 15 years, Citadel Holdings has expanded its portfolio in the Marianas and the region.

Citadel Holdings acquired Commonwealth of the Northern Mariana Islands telecommunications provider GTE in 2005, which was renamed PTI Pacifica. Citadel added IT&E Overseas on Guam to its portfolio in 2008.

In September 2018, IT&E announced South Korea's largest mobile operator, SK Telecom, has made a $33 million investment into IT&E, making it the company's second-largest shareholder, Post files state. 

IT&E serves about 222,000 residents in the CNMI and Guam, Citadel stated.

Citadel invested into the retail and wholesale petroleum business in the Marianas when it added IP&E to its business in 2011. IP&E operates 13 Shell stations on Guam, eight stations in Saipan and eight in Palau.

In 2016, Citadel Holdings bought Fujita Property Guam Inc., which manages the Guam International Trade Center, also known as the ITC.

Earlier this year, work began on the Group’s latest venture, My Office. My Office is a co-working space in the ITC that offers the amenities of a traditional office.

Recommended for you