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Management Team

Malcolm W. Sherman,

Mr. Sherman was appointed to fill a vacancy on our board of directors on July 11, 2008; He was appointed Executive Vice President on July 28, 2008. Mr. Sherman also serves as President and a director of Security Systems International, Inc., a company that provides security systems for government building, industrial facilities, oil refineries and other facilities in the Middle East. From May 2000 to July 2005, Mr. Sherman served as director of marketing for ZAFF International Ltd. a Saudi Arabian technology company. During his career, Mr. Sherman also served as a director of two public companies. He was a member of the founding team of Taser International, Inc. and served on its board from 1993 to 1999. He also served as executive vice president and director of Ronco, Inc. from 1981 to 1989. Mr. Sherman received a B.S. degree in business administration from the University of Miami.

Ms. Kristen L. Magnuson,

Ms. Magnuson joined the Delta Mutual management team in April, 2010 as interim CFO through a contract with Tatum, LLC, which provides experienced upper-level management members to companies in a transition stage. In August, she left Tatum, LLC and the contract was amended in order to continue to have her in staff. In addition to serving as a CFO of Delta, Ms. Magnuson currently holds a CFO position at AZ Digital Farms. Prior to joining Tatum LLC, she served as CFO and Executive VP of JDA Software Group, Inc. for 12 years, during which the company grew four-fold in total revenues. Before that, she served as Vice President of Financial Planning and Analysis for Michael Stores, Inc from 1990-1997; Senior Vice President and Controller of Mera Bank from 1987-1990; and Senior Manager of audit department at Ernst & Young from 1978-1987. Ms. Magnuson holds a BBA degree in accounting from the University of Washington and active CPA licenses in Texas and Washington State.

Santiago L. Peralta,
Outside Director

Santiago L Peralta, the eldest son of Dr. Daniel Peralta, our former Presdient and Chief Executive Officer, was appointed to the Board of Directors on November 8, 2012. Mr. Peralta is now in business school at the Thunderbird School of Global Management and has worked extensively in Argentina with our management in the negotiations for and operations in connection with the Company’s oil properties in that country.