Marwan Kheireddine is a Syrian-American businessman, investor, and international financier. He is known for his work in the telecommunications industry. He is the founder and chairman of Transatel, a company that provides international telecom services through a network of local ISPs. He is also the co-founder of Americas Tower, a company that was involved in constructing One World Trade Center.
In 2015 he became Chairman & CEO at JAWAPal, now known as JawBone, one of the best-known wearable devices for fitness tracking and communicating with friends on social networks. In 2010 he co-founded the ASVAB Group with his brother Mouaz Kheireddine and served as chairman of the company’s Executive Committee. Marwan is also a member of the World Economic Forum’s Global Leaders Council on Cyber Security and Mobility.
Kheireddine has been awarded various honors and recognitions for his work. In 2010 the Italian government appointed him a Knight of the Order of Merit “Cavaliere dell Ordine al Merito Della Repubblica Italiana.” He is also a recipient of the Lebanese Order of Merit “Officier de l’Ordre du Mérite du Liban”. He is a New York investment firm, The Carlyle Group’s International Council member.
Some of Marwan Kheireddine’s businesses have been sued for fraud. In 2013 the US Securities and Exchange Commission sued Transatel and accused it of “fraudulent schemes” to inflate its revenues to obtain millions of dollars in federal grants. As a result, Transatel was forced to restate its financial records in 2013, which included “a company-wide accounting fraud that had resulted in the manipulation of its books.” The lawsuit was settled by the end of 2017 with undisclosed terms.
Kheireddine’s brother, Mouaz, announced on June 14, 2017, that he had launched an “international campaign to clean out the deep state and war criminals embedded in the US government.” The campaign was directed at President Donald Trump and his administration. In November 2017, Marwan Kheireddine met with President Donald Trump in the Oval Office of the White House. In 2004 Marwan Kheireddine financed a preliminary report by Uruguayan economist Juan Manuel Sanchez-Lago that warned about a financial crisis in Argentina. Read full interview by Marwan Kheireddine at ideamensch.com
What He Has Learned.
Bringing entrepreneurship to every small, medium, and large business’s doorstep. Entrepreneurship is not a sector but a way of doing business. It is an attitude that ends up in a very personalized approach in all areas of management, technology, marketing, and finance. A successful enterprise has one basic ingredient: people with courage who think out of the box and are courageous enough to challenge the status quo. Businesses need to create value and grow and not just focus on short-term profits.
The benefit of diversity comes from the combination of the different minds and points of view that each person brings, which produces better solutions. Diversity is not the simple fact of collecting different people with diverse backgrounds but rather their ability to produce innovative solutions for different types of customers.