Industry & Services >> CEO Interviews >> April 14, 2003

David Farley – Calcot Ltd

DAVID D. FARLEY, CEO of Calcot, Ltd., was chosen in May 2002 to succeed Tom W. Smith as the California cotton marketing co- operative's President. Mr. Farley is only the fifth Chief Executive Officer in Calcot's 75-year history, succeeding Mr. Smith, who was named President in 1977. Mr. Farley is former CEO of Colly Farms in Australia ' the largest vertically integrated cotton grower, ginner and marketer in that country ' and brings a wealth of cotton marketing experience to the US cooperative. As Calcot President, he is responsible for guiding the grower-owned cooperative association in its efforts to maximize returns on producers' cotton. He began his cotton career with Colly in 1983 as a farm manager and worked his way up through the company, eventually becoming Managing Director (the Australian equivalent of President) in 1988. Mr. Farley served on numerous Boards connected with the Australian cotton industry and is a former Director of Namoi Cotton Cooperative, and a Director of the Australian Cotton Foundation and the World Cotton Exporters Association. He has served as a Consultant to the World Bank, the Australian federal government and commodity houses. His educational experience includes short courses in Agribusiness at the Harvard Agribusiness School and the Australian Institute of Management. Before accepting the Calcot assignment, he was General Manager for Industrial Packaging of Visypak Industries, the world's largest privately owned paper recycling and packaging company. Profile
TWST: Give us a brief historical sketch of Calcot, Ltd. and then

an overview of things as they are now.

Mr. Farley: Calcot is a large western state farmer's cooperative,

with principal focus