stephen orenstein supreme group

... Empleo Supreme Group Principal; Sector Logistics / Supply Chain; Acerca de At Supreme, we provide integrated supply chain solutions to defense, government and commercial clients in challenging environments around the globe. According to Schuster’s testimony, at least 312 civilian contractors were killed through April working for Supreme in Afghanistan, mostly due to attacks by insurgents. ‘Fundamentally Flawed’. “DLA and Supreme utilized different methodologies to calculate the appropriate price for transportation to these additional locations.”. “The more you can do locally, the more receptivity you have from the people in that area. “As a privately-owned company, we do not disclose personal financial data of shareholders,” Victoria Frost, a spokeswoman for Supreme, said in an e-mail. A U.S. citizen, Orenstein was born in Frankfurt, where he still lives with his wife, Petra. That’s about to change. Unlike posts, which are displayed on your blog’s front page in the order they’re published, pages are better suited for more timeless content that you want to be easily accessible, like your About or Contact information. “The Pentagon used the word overcharging and it’s not justified,” said Orenstein. 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He also testified that it was “very common that the percentage of total revenue, the service fee percentage, exceeded 75 percent,” when the distribution of food and other supplies flown into Afghanistan by airplanes and helicopters accelerated in 2006. Stephen Orenstein und Heiner Tieben, Vertreter der Supreme-Group in der Geschäftsführung, haben ihre Ämter niedergelegt. According to Supreme’s chief financial officer, Mike Thorne, more than 90 percent of the company’s revenue is derived from its Afghanistan operations. Faso added that such programs put “good will” into the country. The audit disclosed that DLA personnel overseeing the Supreme contracts failed to prevent overpayments and potentially incorrect charges. New Gobi Supreme provides end-to-end supply chain, construction and site service solutions in Mongolia and the broader Gobi region. However, it allowed for the barring of Supreme’s principal owners, Stephen Orenstein and Michael Gans, from any dealings with future U.S. government contracts for five years. Sadat Mansoor Naderi, chairman of the Afghan Gold and Minerals Company believes that the mining industry is a promising, long-term source of economic growth and stability for the region after 2014. For more than fifty years Supreme Group has provided critical, life-sustaining services that empower military forces to accomplish missions in challenging and austere environments around the globe. We have been able to foster confidence in why we’re there, and there’s a benefit to many people as a result of us being there,” said Rich Faso, director of customer operations in the DLA Troop Support subsistence directorate, in an interview with The Federal Drive with Tom Temin and Emily Kopp. Since the start of the war there in 2001, Supreme’s revenue has increased more than 50-fold to $5.5 billion in 2011. Yesterday’s “rebels” are today’s newer, younger generation of legitimate political and business leadership who will continue to transform the country from a post-conflict society to an active player in the global economy. November 11, 2013: Supreme Group, a global leader in the provision of end to end supply chain solutions in challenging They decided to unilaterally apply new rates based on the costs as they see them, and tried to recoup the difference between the two.”, At the peak of the military campaign in Afghanistan, the U.S. Department of Defense operated about 800 bases that housed and fed as many as 100,000 soldiers a day. In addition, Pentagon personnel had no assurance that billings for another $103 million in boxes were accurate or “even chargeable to the contract,” the report said. Supreme has also been administering the worldwide food supply contract for the MoD in international operations since 1997. The addition of the second center has allowed faster delivery time and saved costs on transportation, he added. War Support. Food, fuel and other supplies are delivered to U.S. troops at more than 250 locations in Afghanistan by airplanes, helicopters and trucks, Michael Schuster, a managing director of logistics at Supreme, said in testimony before the House Oversight Subcommittee on National Security in April. And Supreme Group, the firm he co-owns with his German-born wife, Nina Von Steuben, and American businessman Stephen Orenstein, is hardly a … For all the danger, Supreme’s business is a profitable one when the world’s at war. The Supreme group employs 13,000 Afghan nationals and spends millions of dollars on the local Afghan economy each year. We also share with you the hopes and concerns expressed by participants at the 8th Annual U.S.-Afghanistan Business Matchmaking Conference (BMC) 2012 we attended last week in Washington, D.C, sponsored by the Afghan-American Chamber of Commerce (AACC). Supreme Group, headed by Stephen Orenstein, is a global leader in providing end to end supply chain solutions in challenging environments around the world. Supreme Group Steve Orenstein President at MCC New York City Metropolitan Area. About 7,000 locals are now employed by Supreme, he said. Since the Americans arrived in 2001, the Afghan economy has grown from zero to 1000, and this prosperity has immensely improved the quality of life for the people who live in the region. However, the airline industry has grown more than any other business in Afghanistan, successfully connecting the world to its borders. (Frankfurt/Rheine) Die 7Days Group GmbH & Co. KG, zu der unter anderem mit der PVG Presse-Vertriebs-Gesellschaft (PVG) der führende deutsche Pressegroßhändler gehört, übernimmt rückwirkend zum 1. For instance, the Aynak copper field alone has created over 1000 local jobs. Stephen لديه وظيفة واحدة مدرجة على ملفهم الشخصي. Contributor/CTO Techbillies STEPHEN ORENSTEIN AND SUPREME GROUP WIN SITE SERVICES CONTRACT FOR WIND FARM PROJECT (January 27, 2014): Supreme Group, headed by Stephen Orenstein, is a global leader in providing beginning to end supply chain solutions in the most challenging environments around the world. “We took a developed world standard and brought it to the developing world.”. In addition, Afghanistan is a landlocked region that remains dependent primarily upon Iranian and Pakistani corporations to transport imported and exported goods through the foreign ports of Islam Qala (Iran) and Karachi (Pakistan). The partnership’s unique advantage is that it combines local Mongolian capabilities with Supreme’s global strength and proven expertise. Profit Margins. Ambassador Thomas Miller said that while a world-class transportation system and infrastructure comparable to that in the U.S. is a long ways off in Afghanistan, USAID and the ABADEprogram have made strides in making that a reality. According to its annual reports, Supreme had net income margins that ranged from 15 percent to 23 percent between 2008 and 2011. (Entered: 09/17/2018) The sponsorship was a six-figure deal. This additional income means that some Afghan families are able to send their children to study abroad, and that families who were never expecting such a comfortable life can dream bigger than their parents dared to. It is the third school since April 2013 to benefit from the Foundation’s ongoing education program, which provides support to disadvantaged students in Afghanistan. Affirming this message, President of Supreme Group USA, Army LTG (Ret’d) Robert T. Dail spoke of his company’s investment of over $250 million in transportation and logistics infrastructure in Afghanistan; it’s spent nearly $650 million in transportation expenditures in the Afghanistan industry over the past decade. Including almost $1 billion in dividends he has collected since 2008, Orenstein has a fortune valued at least $1.1 billion, according to the Bloomberg Billionaires Index. Karwan Elm Educational Center is an independent, non-profit, non-political institution that provides education to around 200 students, half of which study for free. 535A, Al Ghurair Centre, Al Riqqa, Deira, Dubai, UAE, Dubai supplier becomes billionaire feeding US war machine. We are delighted to have achieved excellent results that have fostered hope and given people better chances in life,” said Stephen Orenstein, Principal, Supreme Group. two year contract, with an optional two year extension, recently commenced operation. While SMN Investments‘ emergence as Afghanistan’s first insurance company is promising, these goods must still be shipped by foreign companies to Afghanistan over insecure, poorly maintained roads. Former Pentagon Inspector Heddell said that the original Supreme contract was “an example of just how bad it can get.” The contract “wasn’t well-designed” or “well-thought out,” he said at a hearing before the subcommittee in December 2011. The company leverages the proficiencies of both companies to offer full supply chain solutions. Supreme Foundation, a registered charitable trust established by the global supply chain solutions provider Supreme Group, has opened a computer lab to support the education of 2,000 disadvantaged students attending Khushal Khan #1 High School in Kabul. Progress is demonstrated by the fact that since 2001, the country’s GDP has tripled, reserve assets have increased by nearly $2 billion, and there are now 17 banks licensed and operating within the country. Supreme is valued at about $650 million, according to data compiled by Bloomberg, based on the company’s lowest 2014 revenue and Ebitda projections and the average enterprise value-to-Ebitda multiple of three publicly traded peers: Issy-les-Moulineaux, France-based Sodexo (SW) and Chertsey, U.K.-based Compass Group Plc (CPG), and New York-based Sysco Corp. (SYY). Media and Internet has brightly changed the face of Afghanistan in the past ten years. Unlike posts, which are displayed on your blog’s front page in the order they’re published, pages are better suited for more timeless content that you want to be easily accessible, like your About or Contact information. In response, Schuster told the subcommittee that the Pentagon’s audits of Supreme were “fundamentally flawed.”, As of Sept. 1, the DLA had recouped more than $390 million, more than half of the sum it says were overpayments made to Supreme, according to agency spokeswoman Mimi Schirmacher. A strong commitment to ethics and integrity isn’t just the right way to do business; Supreme Group is committed to maintaining the highest standard of business conduct in all of its activities. “It was a very difficult, very challenging first five years.”. “That’s a fairly large profit margin when it comes to federal government contracts,” said Amey. Januar 2015 die Supreme Deutschland GmbH. This is an example of a page. “We’ve had a very long-standing friendship,” said Orenstein. The value of the Aynak copper mine, Sheberghan gas fields and Ghazni lithium mines have been estimated to be as much as $3 trillion. In May 2013, New Gobi Supreme was awarded a contract for the provision of food supply and camp services to employees in a construction camp in the South Gobi Desert. It’s dangerous work. Click the Edit link to make changes to this page or add… Orenstein disputes the U.S. overpaid for Supreme’s services. Enterprise value is defined as market capitalization plus total debt minus cash. A series of fuel contracts, first established in 2007, has paid the company almost $1.4 billion. Managing Editor provision of aviation fuel and refuelling services to 96 civilian airports worldwide, predominantly for the Royal Air Force. Farhad Nasiri, Director of the Karwan Elm Education Center, said: “Around 70 per cent of Afghanistan’s population is under the age of 25. The violations arise out of false claims for payment and other unlawful conduct in connection with a contract between Supreme Foodservice AG and the United States in which Supreme … His partner, Michael Gans, holds the rest with his wife. “The wind farm is a flagship development for Mongolia’s renewable energy sector; and we are delighted to have the opportunity to work with Clean Energy on this project, especially as sustainability is one of our core values,” said Stephen Orenstein, Principal, Supreme Group. The SUPREME FOODSERVICE, GMBH, HAJI OBAIDULLAH SADE KHAIL, SUPREME GROUP USA LLC, SOREN BORUP NORGAARD, STEPHEN C. ORENSTEIN and SADER AL KHAIL GENERAL TRADING, LLC: Plaintiff / Appellant: UNITED STATES EX. Stephen Orenstein noted that Supreme Group established its Mongolian operations in 2012. Electricity and running water now reaches very remote areas previously without these basic services. Create a free website or blog at WordPress.com. The company was also paid about $455 million for airlifting fresh fruits and vegetables from storage areas in the U.A.E. “2014 is not the end. Supreme Group is committed to maintaining the highest standard of business conduct in all of its activities. Hidden Billionaire. Juli 2015 in den Ruhestand getreten. The violations arise out of false claims for payment and other unlawful conduct in connection with a contract between Supreme Foodservice AG and the United States in which Supreme … He dropped out following the death of his father in July 1985. Our culture of ethics and integrity has been a constant throughout. Overcharging on Afghanistan Food Supply Contract – Individual Contracting Exclusions. In 2001, Afghanistan was reborn as a post-Taliban modern society that is learning to fit in an international diplomatic and business community. Everyone who attended the AACC conference left feeling energized and hopeful about Afghanistan’s economic future. This is a new dawn in Afghanistan” said Keynote Speaker U.S. Secretary of Transportation Ray LaHood when speaking about U.S. plans to reduce the number of troops in Afghanistan to 10,000 U.S. soldiers by 2014. Accusations of Supreme overcharging the DLA first surfaced in a March 2011 audit report by then-Pentagon Inspector General Gordon Heddell. He races and collects vintage Bugatti cars, and owns multiple apartments on Fifth Avenue in Manhattan, according to Acris, the city’s property records database. For example, more families than ever now own cars. Stephen Orenstein says “Access to computers and a qualified teacher will ensure a brighter future for the children”. ... Stephen Orenstein, a billionaire. A strong commitment to ethics and integrity isn’t just the right way to do business; Stephen Orenstein says “Access to computers and a qualified teacher will ensure a brighter future for the children”. “We are proud to be Britain’s trusted partner of choice in providing proven supply chain solutions to the U.K. Military, EU and Commonwealth Government departments both within the home countries and across deployments worldwide,” Orenstein added. Supreme Foodservice GmbH, a logistics company co-owned by billionaire Stephen Orenstein, agreed to pay $434 million to settle criminal and … Orenstein’s biggest business has been supplying military personnel in Afghanistan. H.E. A liquidity discount of 25 percent is applied to account for the company’s operations in high-risk areas and uncertain business prospects. Afghanistan civilization is rich with culture, spanning back as far back as the Middle Paleolithic era. All of the men at the AACC conference wore suits and ties, which even a year ago may have resulted in death threats for the Afghan businessman who stepped outside of the local traditional dress. By February 2014, 34,000 American soldiers will be stationed in the country. What is Driving the Future of Connected Living in the GCC? Safi Airways is now the country’s only UN-approved international airline. According to the report, the DLA overpaid Supreme $124.3 million for transportation and corrugated-packing boxes. He left the service in 1957, and started supplying food to military bases across Europe. With the loss of the Afghanistan food contract and the withdrawal of military personnel, Supreme CFO Thorne projects revenue of $1.2 billion to $1.5 billion in 2014, with an Ebitda margin of 8 percent to 12 percent. code_stephen Orenstein_Supreme group Dear Colleagues For over 50 years, Supreme has supplied complex logistics solutions to clients in challenging and remote locations. When the opportunity to sponsor Afghanistan in the cricket ICC World Cricket World Twenty 20, Stephen Orenstein pounced on the opportunity. And Supreme Group, the firm he co-owns with his German-born wife, Nina Von Steuben, and American businessman Stephen Orenstein, is hardly a household name … “We agreed on preliminary rates. [email protected] Tel: +971506259940, Saifur Rahman
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