Board of Directors

Mr. Haugen was elected as the lead director in October 2011. He has been an active financier since 1990, leading teams investing over $5 billion in various companies and portfolios of distressed consumer, real estate and residential assets in the U.S. and internationally. Mr. Haugen was a founding Senior Partner of CarVal Investors, a Value Fund with more than $10 billion in assets under management when he left in 2008. Since that time, Mr. Haugen has invested in and provided consulting advice to several early stage companies, including the company.

Mr. Haugen previously served on the Board of Capital Partners Funding Group, Inc., a U.S. business and financial consulting company whose mission is to provide clients with long term capital funding solutions using very sophisticated financial programs that utilize various tax advantaged insurance products. Mr. Haugen received his Masters of Management from the J.L Kellogg Graduate School of Management at Northwestern University in 1990 with concentrations in Finance, Marketing, International Business and Organizational Behavior. Prior to graduate school, Mr. Haugen was a Senior Accountant with KPMG Peat Marwick in Minneapolis after obtaining his Bachelor of Science in Business Administration at Boston University in 1985.

Mr. Smith was elected as a director in October 2011. He is the former President and Chief Executive Officer of SBC West, now AT&T and formerly SBC Pacific Bell/SBC Nevada Bell, overseeing more than 50,000 employees who delivered telecom products and services to that company’s millions of business and consumer customers in California and Nevada. Mr. Smith joined Pacific Bell in 1967 after graduating from California State University at Los Angeles with a Bachelor’s Degree in Social Science with additional graduate course work and spent his more than 30 year telecom career predominantly in Operations and Executive Management positions.

In 1985 he completed a graduate program for executives at Carnegie Mellon University. Mr. Smith was named the fourth Alfred North Whitehead Distinguished Lecturer in Lifelong Learning at the University of Redlands. Additionally, Mr. Smith was Vice Chair of the Board for USC’s Center for Telecommunications Management. He remains actively involved as an advisor for numerous business, educational, and community support boards and agencies. Currently Mr. Smith is Vice Chairman of the Board of the University of San Francisco and has also received honorary doctorate degrees from Menlo College and Holy Names College.

Mr. Devlin is an advertising industry veteran with over 25 years of production experience in the advertising, sales and entertainment industries.

Previously in his career, Mr. Devlin served as Senior Vice President of New Business Development for Doner Advertising, where he placed accounts with major companies and organizations including the National Football League (NFL), Atari, Sirius XM Satellite Radio, The Coca-Cola Company and Intel. Mr. Devlin also produced General Motors’ first-ever branded feature film, “The Last Ride,” featuring Dennis Hopper.

Devlin’s industry honors include 17 CLIO Awards; 16 Andy Awards for advertising excellence; 21 Telly Awards for outstanding commercials; four Effie Media Awards; and a prestigious Gold Camera from the U.S. International Film Festival. His award-winning piece for Visa, Olympics is on permanent display at the Museum of Modern Art (MOMA) in New York.

Mr. Devlin is currently a member of the Board of Directors for the United States Equestrian Team, Somerset Hills Handicapped Riders, and Mojo Organics. He is also on the Board of Advisors for Atari and Sirius XM Satellite Radio and is a member of the executive committee for the Association of Independent Commercial Producers (AICP).

Mr. Devlin received a Bachelor’s degree from Bethel University in Nashville, Tenn. and completed graduate work at Dartmouth College in Hanover, NH.