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Prior to co-founding Meriturn Partners in 2001, Mr. Kehaya spent 14 years in general management
and finance positions, and most recently was President and CEO of Eturn
Communications, Inc. (now Xpherix).
At Eturn, Mr. Kehaya was brought in by the Board of Directors to develop
and implement a turnaround plan. The plan included refocusing the business
from an Internet based company to a communications software provider,
reducing the cash burn, creating a new software platform, and refocusing
the business development efforts. When the plan was secure he turned
the business over to a seasoned industry professional.
Prior to joining Eturn, Mr. Kehaya worked for Standard Commercial
Corporation (NYSE: STW) in a variety of different roles. As CEO of
CRES Neva and CRES Trading from 1998-2000, Mr. Kehaya developed, built,
and operated a processing plant in St. Petersburg, Russia. As CFO of
the tobacco division, Mr. Kehaya was a senior member of the management
team that turned around this division from record losses to record
profits in four years. In this role, Mr. Kehaya participated in the
$360 million restructuring of the division's balance sheet, implemented
new risk management procedures, cut expenses, improved asset turns
and financial controls, and negotiated certain key strategic acquisitions.
As Director of Strategic Planning for the holding company, Mr. Kehaya
developed the corporation's first strategic plan and oversaw the implementation
of the global budgeting system.
Prior to joining STW, Mr. Kehaya worked for Fieldstone Private Capital
Group and Bankers Trust (now Deutsche Bank) in their project finance
and restructuring groups.
Currently, Mr. Kehaya is a member of the Board of Directors of Standard
Commercial Corporation (NYSE: STW). Mr. Kehaya earned an MA degree
in Economics from Cambridge University in England and attended the
Fuqua School at Duke University.
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