Chairman, Chief Executive Officer, and President
Derek Peterson is the CEO of Terra Tech Corp. and a hardworking and versatile entrepreneur with a proven track record of success. He began his career in finance with Crowell, Weedon & Co, the largest independent broker- dealer on the West Coast. In his 6 years there, Derek became a partner and Branch supervisor where he was responsible for sales of over $10 million. Derek was offered an opportunity to build a southern Orange County presence for Wachovia Securities, where he became a 1st Vice President and Branch Manager in Mission Viejo. After leaving Wachovia, Derek accepted an opportunity as a Senior Vice President at Morgan Stanley Smith Barney, where he and his team oversaw combined assets of close to $100 million. Derek is a CFP® Professional and holds his Series 7, General Securities Sales Supervisor Series 9 and 10, National Commodity Futures Series 3, Series 65 and California Insurance License.
Derek has worked with governmental agencies and tax authorities in Oakland on an ongoing basis. Derek also has experience working with people at the SEC regarding issues surrounding the publicly traded company (TRTC).
As a medical marijuana patient, Derek is attune to the needs of the patient community. Terra Tech’s decision to operate MediFarm, and apply for medical marijuana establishment licenses in Nevada, is a result of the compassion he feels for patients with ailments or chronic pain who are unable to find relief using traditional medicine. Derek holds a degree in Business Management from Pepperdine University.
Chief Operating Officer and Director
Ken brings a wealth of leadership and strategic vision to the publicly traded urban agricultural company Terra Tech Corp, (TRTC). In nearly two decades of experience in the agriculture and growing business, Ken demonstrated proven success across multiple business channels including operations, finance, sales and marketing. He helped launch Naturally Beautiful Plant Products (NB Plants), which remains one of the leading floral growers and wholesale suppliers in the Northeast. More recently, he co-founded Edible Garden®, a TRTC division primarily specializing in the growth of leafy greens, herbs and produce. Under his leadership, all divisions have seen more than 20% revenue growth annually.
Ken’s vast knowledge of the industry’s latest growing methods—and a keen understanding of pitfalls and challenges—allows him to ensure best practices within all facets of the Terra Tech organization, including operational controls, administrative and reporting procedures, and personnel systems. His energetic management style has strengthened a tireless commitment to cutting-edge research to not only improve Terra Tech’s growing processes, but increase sustainability within the corporation and the global industry. Through his knowledge of groundbreaking technology and innovation historically associated with Dutch growing methods, Ken has also pioneered a remarkable change with medicinal cannabis cultivation within a controlled greenhouse environment. Ken studied business management and finance at Montclair State University.
Chief Financial Officer
With an experienced background in finance, Michael (Mike) James serves as the Chief Financial Officer of Terra Tech. Previously, he served as CEO of both Inergetics, Inc (NRTI) and Nestor, Inc. where he successfully completed a financial restructuring of Nestor prior to its sale in September 2009 from the receiver's estate in Superior Court of Rhode Island. He also served on Nestor's Board of Directors from 2006 to 2009 and was the Managing Partner of Kuekenhof Capital Management, LLC, a private investment management company, for over ten years; he now serves as a Managing Member of Kuekenhof.
Michael is also on the Board of Directors of Guided Therapeutics, Inc. where he serves as Chairman of the Audit Committee and serves on the Compensation Committee. During his career, Mike has served as a Partner at Moore Capital Management, Inc., as well as Chief Financial and Administrative Officer at Buffalo Partners, L.P. Treasurer and CFO of National Discount Brokers.
Director, Secretary and Treasurer
Mike Nahass has been working with Derek Peterson since their time together at Morgan Stanley. He has been instrumental in the start-up operations of Terra Tech and he continues to manage the daily activities of Terra Tech. Since August 2011, Mike has also served as Managing Director of Arque Capital, Ltd.
Mike’s prior experience includes serving as Chief Portfolio Manager of the NMS Platinum Funds, LLC. and from September 2009 until August 2011, he was a Partner, and served as Managing Director/COO of, NMS Capital Asset Management, Inc.
Mike worked for Morgan Stanley from February 1995 until June 2009 in various positions, including his last position as Senior Vice President and Complex Manager, where he directly managed over 200 financial advisors with approximately $20 billion in assets under management in Las Vegas, NV. With over 20 years of financial services experience, he has been and is responsible for private client services, business development, regulatory compliance and strategic development.
Mike holds a B.S. in Business Administration from Fairleigh Dickenson University. In addition he also holds NASD Series 3 (National Commodity Futures), Series 7 (General Securities Representative), Series 8 (Supervisory), Series 31 (Managed Futures), Series 65 (Investment Advisor Representative), Series 79 (Investment Banking) licenses.