Executive Management
Donald B. Lifton
Chairman
Education
Juris. Doctorate - Law.
Experience
40 years

Mr. Lifton was a founding partner of a well-known Detroit-area law firm with a diversified business practice. He headed the firm's Reorganization and Insolvency Department . Mr Lifton was a principal founder of Computerized Security Systems (CSS), a manufacturer of electronic locking devices for the lodging industry. The Company became a primary supplier to Hilton, Sheraton, Hyatt Hotels, and other hotels throughout the world. CSS was sold in October 1988 to Masco Corporation, one of the world's largest manufacturers of brand-name consumer products listed on the New York Stock Exchange (NYSE).

In 1986, Mr. Lifton assumed the Presidency of Phoenix Steel Corporation, a troubled steel maker with plants in Pennsylvania and Delaware. Mr Lifton led the company through a successful Chapter 11 reorganization while maintaining the operation of Phoenix’s manufacturing plants. He managed the sale of the Company to CITIC, a corporation owned by the People’s Republic of China. In the fall of 1987, while serving as the Chief Executive of Phoenix Steel, Mr. Lifton became an advisor to KDI Corporation, which traded on the NYSE until it was taken private by management and Wasserstein Perella in late 1989.

Also in 1988 and 1989, Mr. Lifton, as Deputy Managing Director and interim Chief Executive, played a key role in the restructuring of Ariadne Australia limited, a troubled publicly-traded Australian corporation with investments in North America, Europe, Hong Kong, New Zealand and new Guinea. In addition to his activities in connection with Phoenix and Ariadne, Mr. Lifton was a shareholder and Vice Chairman of Voltarc Technologies Inc., a leading manufacturer of lighting and wiring devices. It was acquired in 1989 and sold to BCE Group (NYSE ticker: EYE) of Rye, Ney York in 1997. The shareholders received a return of approximately 14 times their investment.

In 1995, Mr. Lifton acted as principal advisor in the joint acquisition of Tube Products, which later became AP Automotive and was sold in 1998 to French manufacturer Faurecia (Paris: EO.PA) for $340 million, for a total profit of $325 million. Mr. Lifton has acted as a strategic advisor on acquisitions, reorganizations and capital formation for a number of public and private companies and investors.

Dr. Amir Al-Khafaji
Vice-Chairman
Education
B.S.C.E. Civil Engineering
M.S.C.E. Construction Management
M.S. Soil Dynamics
Ph.D. Geotechnical Engineering
Experience
40 years

Dr. Al-Khafaji, an Iraqi American, who came to the United States in 1969, earned his B.S.C.E in Civil Engineering and M.S.C.E degree in Construction Management from Wayne State University in Detroit, Michigan. He received a second M.S. degree in soil dynamics and a Ph.D. in Geotechnical Engineering from Michigan State University in East Lansing, Michigan.

For the past 18 years, he served as the chairman of the department of Civil Engineering and Construction at Bradley University in Peoria, Illinois. Dr. Al-Khafaji is the co-author of eleven engineering textbooks including categories such as numerical methods, geotechnical, statics and dynamics, and software application. He is the 1991 recipient of the Bradley University Professional Excellence Award, the 2008 Putnam award for teaching excellence, and seven leadership awards including the 2006 "Man Of The Year" Award from the Illinois Asphalt Pavement Association.

In 1998, he chaired a national American Society of Civil Engineers (ASCE) National Task Force to define scholarship in engineering. He chaired the International Construction Innovations Conference in 2006, which sought to develop a network of business executives, policymakers and joint ventures around the globe.

Dr. Al-Khafaji is the Executive Director of the Center for Emerging Technologies in Infrastructure at Bradley University. Through this center, he developed two major national conferences in asphalt pavement and traffic engineering. He also developed a third international conference in construction which attracted executives from major companies, governments, and educational institutions. He recently developed funded workshops to help minorities and women in construction.

Shakir W. Alkhafaji
President and Chief Executive Officer
Education
B.S. Architecture
M.S. Urban Planning
Experience
30 Years Real Estate Development and International Entrepreneur

Mr. Alkhafaji, an Iraqi-American, is a senior executive, with three decades of business experience. He is President/CEO of Veritas and has deep knowledge of Iraqi culture and society. He was born into a merchant family in Baghdad, and attended schools with many of the governmental leaders in the Middle East. He moved to the United States in 1976 to attend Lawrence Technological University, and subsequently became a U. S. citizen.

Over the last 30 years, Mr. Alkhafaji has been engaged in an extensive number of business activities, including the development of commercial properties, ownership of retail enterprises and international commercial trade throughout the Middle East and Iraq. His business leadership was nationally recognized by the Wall Street Journal when in 2003, he was selected as one of the Businessmen of the Year. He served as Chairman of the Iraqi Expatriate Conference from 1992 to 2002.

As a result of his unique multi-cultural education and business enterprises, Mr. Alkhafaji continues to maintain close relationships with business and political leaders in both the United States and the Middle-East. He has been able to play a role in the development and implementation of U.S. policy with respect to Iraq for over twenty years. During that time period, Mr. Alkhafaji has been a consultant for the U. S. Government, and he has received letters from the Government commending him for his contributions.

 
 
 
Randy G. Martinuzzi
Vice President of Management Operations
Education
Juris Doctorate Law
B.S. Accounting
Experience
20Years

Mr. Martinuzzi began his career as a cost account for Perry Drugs, a nationally recognized retailer. Later he obtained a law degree, and formed his own law firm specializing in construction and real estate law.

After practicing law for 12 years, he was hired by a Michigan construction company as its Vice President and General Counsel while it completed high profile jobs as a tier one contractor (Greek town Casino in Detroit, Michigan and the Detroit Lions Football Stadium/Ford Field). Building upon these successes, in 2004 he formed River City Contracting, LLC, to act as a tier one contractor on national projects. Again, River City Contracting, LLC, successfully completed Bush Stadium for the St. Louis Cardinals under Hunt Construction Group, Ray Fischer Stadium for the University of Michigan under DeMaria and the NAVRES Administration Building for the U.S. Navy in Virginia and RDU Airport in North Carolina, both for Archer-Western Contractors. During these projects, Mr. Martinuzzi's responsibility included contract compliance, estimating, bidding, purchasing and field operations (scheduling, coordination and quality control).

In 2008, Mr. Martinuzzi was retained by Veritas to perform a review as to contract compliance and make financial assessments on construction projects that were under the management and control of Veritas. As of 2010, Mr. Martinuzzi became the Vice President of Construction Management Operations.

Additionally, Mr. Martinuzzi is certified in blue print reading by the Construction Association of Michigan and in masonry design and processes by the Michigan Masonry Institute and has been a speaker on Construction Lien Law and Strategies for the National Business Institute.

Isam S Yaldo
Vice President of Construction Operations
Education
B.S.C. Civil Engineering
Experience
38Years
Mr. Yaldo graduated from the University of Bagdad with a bachelor's degree of Science in Civil Engineering in 1972. From 1972 to 1976 he was a Civil Engineer in the Directory of Military Works. After completing his service to the military of Iraq in 1980, he formed a contracting company that completed airplane hangers on military bases for the Iraqi Air Force under a joint venture with a British firm called British Conder.

His construction ventures also included a sports rehabilitation center for the Ministry of Youth in Bagdad. On this project he was responsible for full implementation of the project as designed, with his company timely handling coordination and supervision of entire construction project.

In 1980, Mr. Yaldo immigrated to the United States and continued to perform construction contracting. He formed Triangle Development in 1984, which grew to become a premier developer of both commercial and residential construction projects. He is licensed in the States of Michigan and Florida and has completed large scale developments in the States of Michigan and California. Mr. Yaldo has acted as the Owner's representative in both design and construction of multi-million dollar landmark know as the Shenandoah Country Club in West Bloomfield, Michigan.

As a result of his world wide experiences, Mr. Yaldo has formed and maintained relationships with engineers throughout both the United States and the Middle East. He has a extensive knowledge of the material resources that are located in Iraq, and the labor processes of its culture.
Jamal S. Kalabat
Vice President of Engineering and Design
Education
B.S.C. Construction and Civil Engineering
Experience
32 Years

Mr. JS Kalabat is a Construction/Civil Engineer and graduated from Lawrence Technological University in Southfield, Michigan in 1978 with a major in Business Management and Finance. He served as a board member in many community organizations. He is a member of Oakland County Economic Development Round Table Committee, Founding Member of Chaldean American Chamber of Commerce. He has been a licensed builder in the State of Michigan since 1978 and was recently licensed in Nevada. He has been a licensed real estate broker in the Michigan since 1997.

Mr. Kalabat brings to Veritas thirty years of experience in real estate development, engineering design, and construction management. Addtionally, he has 15 years of experience as a real estate broker overseeing sales and marketing, acquisitions, and property management. Mr. Kalabat formed Kalabat Companies, and under his leadership it has developed and constructed approximately $800 million in projects. He also formed JSK Design Group, Inc., a firm that provided architectural and engineering services in all aspects of construction under the leadership of Mr. Kalabat.

The Company developed, designed and constructed over 500 units in residential single-family and condominium projects. He had invested, designed, developed and constructed many office buildings, retail centers, apartments, and hotel properties. High-profile projects include acting as the Development Consultant and Project Manager for a major $40M multi-building resort and wellness center, and a sustainable and green development in Battle Creek, Michigan. Mr. Kalabat was instrumental in leadeing the development of a $70M, five-story, multi-building structure in Montebello, California, near Los Angeles. This development includes a four-story parking and underground structure along with mixed-use downtown, retail, office, condominium, and hotel buildings.

Fakhri Rashan
Vice President Contract Administration
Education
B.S.
M.B.A.
Experience
40 Years

Mr. Rashan had a distinguished career in the Government of Iraq, and has undertaken a numerous overseas assignments on multilateral and bilateral trade and economic posts and negotiations. Under the regime of Paul Bremer, former head of the Coalition Provisional Authority in Iraq, when Mr. Rashan was at the Ministry of Trade, he was personally involved in negotiating commodity purchasing contracts valued in the billions of dollars. He dealt with major policy issues, giving particular consideration to the future of the public distribution system in Iraq. He was also a team leader for restructuring the Ministry of Trade from its previous function, under a centrally controlled system, to one led by market forces.

Mr. Rashan has played a significant role on cross-government issues and initiatives, including leading the first Iraqi and Coalition Provisional Authority delegation to negotiate Iraq's access to the World Trade Organization, where he interacted and negotiated on this issue with all members of United Nations Security Council. He has also negotiated issues and given presentations on Iraq war claims to the UN compensation commission.

Mr. Rashan has a comprehensive understanding of international commercial practices and contractual skills. he has led and participated in concluding major contracts on strategic development projects with business and government leaders throughout the Middle East.

Seldon Toll
General Counsel
Education
Juris Doctorate Law
Experience
40Years

Sheldon Toll was a senior Partner of a nationally known law firm and served as General Counsel of the international consulting firm AlixPartners, LLP, as well as private equity firm Questor.

Mr. Toll is a Trustee of the Detroit Chapter of the American Red Cross, a Director of the Greater Michigan Chapter of the Alzheimer's Association, Trustee of the Michigan Opera Theater, Board member of The Hundred Club, Past President of the Detroit Chapter of the Federal Bar Association, a former President and current Board member of the Harvard Club of Eastern Michigan, former Board member of American Friends of Worcester College, and founding member of the Michigan Chapter of the ALS Association.

Mr. Toll is currently listed in Best Lawyers in America, 2010 edition, and Who's Who in America, 2010 edition. He is a contributing editor of The Bankruptcy Litigation Manual, the Norton Bankruptcy Treatise, and is the author of Toll's Pennsylvania Crimes Code. Mr. Toll graduated with honors from the University of Pennsylvania, Harvard Law School, and Oxford University.

Munther Hermez
Managing Director of Procurement
Education
M S C - Mechanical Engineering
B S C - Mechanical Engineering
Experience
28 Years

Mr. Hermez, an Iraqi-American, attended the University of Baghdad, where he obtained his degree in Mechanical Engineering. After immigrating to the United States, he attended Lawrence Technological University, where he received his Master's Degree in Mechanical Engineering / Fluid Dynamics.

After obtaining his degree, Mr. Hermez served in the Ministry of Industry in Iraq, with responsibility for the design, implementation and supervision of mechanical work's projects. Upon completion of his service, he worked for Linde Gas & Engineering in Iraq, with the responsibility for procurement of material and equipment.

Within the United States, he has been a Project Engineer, remaining responsible for the procurement of equipment and systems to construct mechanical systems in commercial buildings. Currently, at Veritas IPC Group, Mr. Hermez is the Chief Operations Officer, with oversight of all aspects of international procurement.

 
 
 
 
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www.veritaslimited.com