Joseph Calata

{{Short description|Filipino businessman}}

{{Infobox person

| name = Joseph Calata

| alt =

| caption = Joseph Calata during the Calata Corp. IPO in 2012

| birth_name =

| birth_date = {{birth date and age|1980|07|31}}

| birth_place = Plaridel, Bulacan

| death_date =

| death_place =

| nationality = Filipino

| other_names = Josh

| occupation = Businessman

| years_active =

| known_for =

| notable_works =

}}

Joseph Calata (born July 31, 1980) is a Filipino businessman who served as the chairman and chief executive officer of Calata Corporation,{{Cite web|title=Calata Corporation|url=https://edge.pse.com.ph/companyInformation/form.do?cmpy_id=636|website=PSE Edge|language=en-US}} a company formerly listed on the Philippine Stock Exchange. He attended De La Salle University and finished with a Bachelor's degree in Management of Financial Institutions.

Life and career

Calata at the age of 31 became the youngest chairman and CEO of a publicly listed company in the history of the Philippine Stock Exchange when Calata Corporation (CAL) had its initial public offering in 2012 with a value of ₱2.7 billion.{{Cite web |last=Dumlao |first=Doris C. |date=2012-02-24 |title=Agri products distributor to list on local stock exchange |url=https://business.inquirer.net/46069/agri-products-distributor-to-list-on-local-stock-exchange |access-date=2023-06-24 |website=INQUIRER.net |language=en}} CAL was among the few select 200 companies that were able to list in the PSE.{{Cite web |last=Enriquez |first=Marge C. |date=2014-06-22 |title=Joseph Calata gets so far so fast |url=https://business.inquirer.net/173334/joseph-calata-gets-so-far-so-fast |access-date=2023-06-24 |website=INQUIRER.net |language=en}}{{Cite web |last=Concepcion |first=Joey |title=Partners in our mission |url=https://www.philstar.com/business/2014/09/11/1367621/partners-our-mission |access-date=2023-06-24 |website=Philstar.com}}

In 2017, he was among the panel of investors in a shark tank TV show featuring entrepreneurs presenting their business pitch to a panel of investors for funding.

Calata Corporation

CAL is primarily involved in livestock and agricultural business. On February 6, 2012, the Company amended its primary purpose as a prelude to its plans to create a subsidiary to handle its retail business, and on the same year had its first IPO.

CAL has three operating segments namely, distribution, retail, and farming. CAL currently distributes agro-products, animal feeds, fertilizers, agro-chemicals, seeds, soya, meat, and swine livestock. Meanwhile, the Company’s retail operation is carried out through Agri Phil Corporation, a wholly-owned subsidiary. Agri Phil is engaged in the trade of feeds, agrochemicals, veterinary medicine, fertilizers and seeds. Lastly, for its farming segment, CAL undertook several projects, namely, Swine Livestock Breeder Farm, Broiler Breeder Farm, Broiler Growing Farm, and Swine Livestock Growing Farm.{{Cite web |last=Lina |first=Odelinne Jan |date=2017-06-27 |title=Calata starts greenhouse farm in Cavite |url=https://business.inquirer.net/232103/calata-starts-greenhouse-farm-cavite |access-date=2023-06-24 |website=INQUIRER.net |language=en}}

Controversies

Calata Corporation was ordered to be delisted by the Philippine Stock Exchange on November 3, 2017 for violations of PSE Disclosure and Delisting Rules.{{Cite web|title=2019 Press Release SEC - Affirms-Delisting Calata|url= https://www.sec.gov.ph/wp-content/uploads/2019/11/2019PressRelease_SEC-Affirms-Delisting-of-Calata-January-21-2019.pdf|website=SEC|language=en-US}}{{Cite web |last=Inquirer |first=Philippine Daily |date=2021-07-05 |title=PSE to get rid of dormant listed firms |url=https://business.inquirer.net/326337/pse-to-get-rid-of-dormant-listed-firms |access-date=2023-06-24 |website=INQUIRER.net |language=en}}{{Cite web |last=Ocampo |first=Karl Angelica R. |date=2017-11-04 |title=PSE asked to rethink Calata's delisting |url=https://business.inquirer.net/239982/pse-asked-rethink-calatas-delisting |access-date=2023-06-24 |website=INQUIRER.net |language=en}}{{Cite web |title=PSE approves Calata Corp. delisting |url=https://www.philstar.com/business/2017/11/07/1756571/pse-approves-calata-corp-delisting |access-date=2023-06-24 |website=Philstar.com}}

On April 14, 2015, the Bureau of Internal Revenue filed a case against Joseph Calata for failure to supply correct and accurate information in his annual income tax return for 2011 with a tax liability of ₱144.49 million.{{Cite web |last=Gonzales |first=Iris |title=Lessons from the Calata case |url=https://www.philstar.com/business/2017/12/11/1767413/lessons-calata-case |access-date=2023-06-24 |website=Philstar.com}} The case was dismissed on June 8, 2016 by the Department of Justice for insufficiency of evidence.{{Cite web|title=Tax evasion raps vs. Calata dismissed|url= https://business.inquirer.net/214526/214526|website=INQUIRER|date= 5 September 2016|language=en-US}}{{Cite web|title=DOJ junks tax evasion raps vs. Joseph Calata, Agri Phil Corp.

|url=https://www.cnnphilippines.com/business/2023/3/29/doj-junks-tax-evasion-case-joseph-calata-agri-phil-corp.html|archive-url=https://web.archive.org/web/20230329030118/https://www.cnnphilippines.com/business/2023/3/29/doj-junks-tax-evasion-case-joseph-calata-agri-phil-corp.html|url-status=dead|archive-date=March 29, 2023|website=CNN PHILIPPINES|language=en-US}}{{Cite web |last=Dumlao-Abadilla |first=Doris |date=2016-09-05 |title=Tax evasion raps vs. Calata dismissed |url=https://business.inquirer.net/214526/214526 |access-date=2023-06-24 |website=INQUIRER.net |language=en}}

Awards

In 2015, Calata won the Next Generation Global Franchise Leader award held at the International Franchise Association Franchise Convention, USA.{{Cite web|title=2 Pinoys win Global NextGen in Franchising Award|url= https://news.abs-cbn.com/business/03/06/16/2-pinoys-win-global-nextgen-in-franchising-award|website=NEWS.ABS-CBN.COM|language=en-US}}

Philanthropy

Calata donated ₱2 million to his alma mater, De La Salle University for its Agrivet Science Institute (AGSI) scholarship fund.{{Cite web|title=Mr. Joseph Calata Donates P2M to AGSI|url= https://www.dlsau.edu.ph/news/furrows/pdf/The%20Furrows%20-%20February%202016.pdf|website=DLSAU.EDU.PH|language=en-US}}

He was one of the major investors for a training program offered by the Child Protection Network Foundation (CPN) and the University of the Philippines-Philippine General Hospital Child Protection Unit (PGH-CPU) which aims to equip participants with the proper knowledge, competence, and attitude in child abuse diagnosis and intervention.{{Cite web |title=Child Protection Network Report |url=https://www.childprotectionnetwork.org/wp-content/uploads/2019/03/2011_AnnualReport.pdf}}

References