Rainmaker Worldwide Appoints New CFO to Take Company
Through Next Phases of Growth
Peterborough, Canada -- October 12, 2017 -- InvestorsHub
NewsWire -- To accelerate the company's worldwide markets over the
coming years, Rainmaker is pleased to announce the appointment of
our new CFO, Mr. Michael Dohaney.
Mr. Dohaney will oversee the capital structure of the company,
determine the best mix of debt, equity, and internal financing
required for customer projects, and be responsible for financial
reporting, filings, and the potential up listing of the
company.
Rainmaker's previous CFO, Joost Oosterling, becomes the new
Managing Director of Europe to drive European sales and manage the
company's strategic relationships with the City and Port of
Rotterdam and our industrial partners.
Mr. Dohaney brings relevant and extensive international
experience to this position including CFO of Ghana Capital Partners
based in Hong Kong, Vice President and CFO of Manulife Financial
(Barbados) and CFO of Bank of Montreal (Barbados), overseeing those
companies Barbados operations. Michael was also formerly an
International Tax Senior Manager with KPMG LLP Canada.
At GCP Michael provided oversight of operations and
accounting/finance for a private equity fund investing in energy
and infrastructure. He managed a team responsible for accounting
and investment management of the firm.
With Manulife, Michael lead a team of finance and actuarial
professionals for Manulife's Property & Casualty and Life
operations in Barbados including actuarial analysis, accounting,
financial and regulatory reporting, budgeting, financial
planning/analysis, business metrics reporting, regulatory
reporting, tax and treasury.
Michael oversaw BMO's reinsurance and offshore banking entities
in Barbados and Bermuda. His responsibilities included accounting,
financial and regulatory reporting, forecasting, financial
planning/analysis, SOX and GAAP/IFRS compliance, tax, investment
and treasury of a multi-currency operation.
Michael previously held directorships and/or performed Board
reporting for Manulife and BMO as well as other companies.
Michael received his MBA at the University of Ottawa, Ontario,
his MA in Economics at University of Waterloo, Ontario and his
Honours Bachelor of Science (Mathematics & Economics) at Trent
University, Peterborough, Ontario. He is also a Chartered
Professional Accountant, Certified Management Accountant.
Michael O'Connor, President and CEO of Rainmaker Worldwide said,
"I have been in discussions with Michael Dohaney for many months
over our shared international professional experiences and the
future of Rainmaker Worldwide and I am very excited to have him
join our executive team. He brings a depth of international
experience and knowledge that will be invaluable for the future of
our company."
For more information on Rainmaker Worldwide, visit http://www.rainmakerww.com
About Rainmaker Worldwide Inc.
Rainmaker Worldwide Inc. ("" rel="nofollow"
target="_blank">OTC:RAKR" rel="nofollow"
target="_blank">) is headquartered in Peterborough,
Canada, with an innovation and manufacturing center in Rotterdam,
Netherlands. Our patented water technology provides economical
drinking water at scale wherever it's needed. Rainmaker builds two
types of energy-efficient, fresh water-producing
technologies:
1. Air-to-Water, which harvests
fresh water from the air
2. Water-to-Water, which transforms
seawater or polluted water into drinking water
Our technology is both wind and
solar powered, is deployable anywhere, and leaves no carbon traces.
We also offer options for hybrid, grid and diesel-powered
models.
Air-to-Water units are available in
three standard sizes, producing 5,000, 10,000 or 20,000 liters of
drinking water per day. Water-to-Water units are also available in
three standard sizes producing 37,500, 75,000 or 150,000 liters per
day. This makes each unit suitable for communities of 200 to 30,000
people, depending on units deployed.
Our goal is to become a global
leader in solving the worldwide water crisis. Simply put, we're
creating safe, drinking water where little or none exists.
Interested parties can access
additional information about Rainmaker on the Company's website
located at http://www.rainmakerww.com.
Forward-looking Statements
Certain matters discussed in this announcement contain
statements, estimates and projections about the growth of
Rainmaker's business, potential distribution partnerships and/or
clients, and related business strategy. Such statements, estimates
and projections may constitute forward-looking statements within
the meaning of the federal securities laws. Factors or events that
could cause our actual results to differ may emerge from
time-to-time. Rainmaker's undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. The
recipient of this information is cautioned not to place undue
reliance on forward-looking statements.
For more information please contact:
Michael O'Connor
Rainmaker Worldwide Inc.
271 Brock Street
Peterborough, ON
Canada, K9H 2P8
+1-877-334-3820
