PETERBOROUGH, ON--(Marketwired - Oct 12, 2017) - To accelerate the company's worldwide markets over the coming years, Rainmaker (OTC: RAKR) 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."