Joseph Calata: One of the Brightest Minds of Philippine Economy
At such a young age, Joseph Calata, the CEO of one of the Philippine’s biggest corporations, has already fulfilled his dreams because of his business. The million-peso revenue worth industry started out as a small industry of feeds, fertilizers, and agricultural products distribution in Plaridel, Bulacan.
This young millionaire had to climb his way up the peak of success a step at a time. The family business was then named J. Melvin in 2001 where he served as a clerk. After proving that he deserves to take hold of the company, he took over the highest post in 2004. His background in financial management worked to his advantage, after he expanded the distribution of goods to the whole of Central Luzon and Pangasinan, increasing revenues to P508 million that year, making it to the list of Philippine’s top performing corporations.
By assimilating technology and research in agriculture, Joseph Calata led the company to much broader heights. Before the company’s revenues rose to P1.6 billion in 2008, it has already grown to P806 million and P1.08 billion by 2007. He was pronounced the country’s youngest CEO in 2009, after the company reached P1.8 billion revenues, which was featured in BizNews Asia and Business World’s Top 1000 Corporations. The company decided to broaden their perspective and ventured in other industries like high-efficiency poultry farming, private airplane leasing, and trucking. At present, it employs 200 workers.
The empowerment of the agricultural sector, according to him, in an interview with People Asia Magazine in March 2011, is a good investment. The passionate businessman, who has always been very active in discovering new ways to develop the agricultural sector of the Philippines, said, “While it may not be the most alluring of sectors for businessmen, I believe agriculture holds great potential to boost the Philippine economy.”
However, being a very busy man did not keep him from performing his duties as a husband to his wife. He clinched a P300,000 worth trip to a luxury hotel in Dubai in a charity ball. He thought of giving it as a gift to his wife, who was her girlfriend then working in Dubai, who fervently attends to his husband’s needs during business meetings and social gatherings. Moreover, many of his workers would describe him as a very hands-on boss, always ready to get his polished shoes covered with mud just to check on their performance.
Just like any other public figure, Joseph Calata went through some issues when he was appointed at a government post. Controversies came after critics pointed out his incompetency for the position. After President Benigno Aquino III took over the presidency; he was relieved from the position and the controversies ended.
Joseph Calata started out as a young entrepreneur until he took over the business in 2004. He made he investment on other sectors like construction, trucking, high-efficiency poultry farming, and private airline leasing, which generated high revenues.
- Alison Ward
