Subsidiary Profile

Press Release

Pohjola Reelected as Board Chair

FOR IMMEDIATE RELEASE

August 3, 2016

Calista Corporation Board Reelects Pohjola as Chair

Margaret Pohjola Voted to Serve 2016-2017

(Anchorage, Alaska) - Calista Corporation's Board of Directors reelected Margaret Pohjola to lead the board as chair. Pohjola, the first woman elected to the role, is a shareholder with ties to Chuathbaluk. Board officers, like the chair, serve one-year terms following a vote by fellow directors. Directors are voted upon by shareholders and serve three-year terms.

"I am honored to have my fellow directors' continued support and faith to serve as chair," said Pohjola. "Calista continues to face significant challenges, including the State of Alaska's budget issues and continued pressure on federal spending. Internally, we are making headway toward the shareholder-approved enrollment set to take place in 2017. Calista has a strong management team and I believe our staff will continue to address any hurdles for the benefit of our shareholders."

For 2015, Calista earned clean audited financial results with revenues of $460 million. This is the highest in corporate history. Net income was $20.6 million. The total distribution of Calista's shareholder dividends is $38.9 million, with 50 percent of that total declared in the last three years.

Pohjola's background includes accounting work for Cook Inlet Tribal Council, NANA and the Alaska Native Tribal Health Consortium. Pohjola graduated from University of Alaska Anchorage with a degree in management.

The remaining officers were also reelected. Vice-chair is Paul George Guy, Robert L. Beans is secretary and Johnny Evan is treasurer. Board chairs can serve a maximum of three consecutive terms, with no limits for the other positions.

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Margaret Pohjola, Board Chair, 2016-2017 (click for larger image)

The second largest of the original 13 regional Alaska Native Corporations, Calista Corporation was established under the Alaska Native Claims Settlement Act of 1971 and represents approximately 13,000 Shareholders. The Calista region encompasses more than 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations. Since 1994, Calista has provided more than $4 Million in scholarships and since inception more than $43.2 Million in dividends and Elders' Benefit Program distributions to its Shareholders and Descendants.

Calista Corporation is the parent company of more than 35 subsidiaries in the following industries: military defense contracting, construction, communications, real estate, environmental and natural resource development, and information technology and media services. Calista can be found on Facebook and Twitter.

 


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