For Immediate Release

Contact: Public Information Officer Derrick Rose – 501-692-5904

Fort Smith Businessman John Cooley Named to ADFA Board of Directors

March 1, 2015 - Fort Smith businessman John Cooley has been appointed to a four year term on the Arkansas Development Finance Authority (ADFA) board of directors. Cooley is Executive Vice President and Chief Financial Officer for Propak Logistics, Inc., a privately held, Fort Smith-based company with annual revenue of approximately $100 million that employs 1,200 employees throughout the United States. He has served in this capacity with the company since 2001.

After graduating from Southside High School in 1988, Cooley graduated from the University of Arkansas - Fayetteville with a Bachelor’s of Science degree in Business Administration in 1992. Cooley began his career with Arthur Andersen LLP in Little Rock, Arkansas, in 1992 as Senior/Staff Auditor. In 1997, he was named Director of Financial Reporting & Investor Relations for StaffMark, Inc. in Fayetteville, Arkansas.

About the Arkansas Development Finance Authority

The Arkansas Development Finance Authority is committed to responding to the changing needs of Arkansas’ growing, increasingly diverse population and business community. Since its creation in 1985, ADFA has become the state’s largest source of low-cost financing for low-to-moderate income housing development, small industries, government, education, and healthcare. Through the issuance of taxable and tax-exempt bonds and notes, the administration of private and public grants and partnerships with state and federal agencies, ADFA gives Arkansans the most cost-effective financing choices possible.