AUSTIN, Texas–(BUSINESS WIRE)–Rain Enhancement Technologies, Inc., a leader in the development of rainfall generation technology, today announced the appointment of Doug Ireland as Chief Financial Officer (CFO), effective March 6, 2023. Mr. Ireland will lead the finance team and report directly to Mike Nefkens, CEO of Rainwater Tech.
“Doug is a highly accomplished finance leader with a proven track record, having scaled teams, systems, and processes from first hire to established operations across a variety of technology companies,” said Mike Nefkens, CEO of Rainwater Tech. “His financial acumen and hands-on operational experience will be invaluable as we move into the next phase of Rainwater Tech’s growth. On behalf of the entire Rainwater Tech team, I am delighted to welcome Doug to the team.”
Mr. Ireland brings over 25 years of business experience including a decade overseas. He began his finance career in equity research, and has earned both Certified Public Accountant (CPA) and Chartered Financial Analyst (CFA) qualifications. Most recently, he served as Head of Finance at Coalition, Inc., where he led the finance and accounting teams as the company significantly scaled its business model. Previously, Mr. Ireland held CFO and other senior finance positions at high-growth technology companies, including Leanplum, Tapingo, Prezi and YouSendIt. He holds dual MBA degrees from the Berkeley-Columbia Joint MBA Program and a Master’s degree in Telematic Engineering from Universitat Politècnica de Catalunya, as well as a Bachelor of Arts degree in Liberal Arts from Arizona State University.
“Solving water scarcity is a mission I am passionate about. Growing up in the arid desert, I know what it means to wish for rain, and to celebrate rainfall,” said Mr. Ireland. “I couldn’t be more excited to join Mike and the Rainwater Tech team. I look forward to building a business that can have a positive impact globally on one of our more pressing environmental and societal challenges.”
About Rain Enhancement Technologies, Inc.
Rainwater Tech was founded to provide the world with reliable access to water, one of life’s most important resources. To achieve this mission, Rainwater Tech aims to develop, manufacture and commercialize ionization rainfall generation technology. This weather modification technology seeks to provide the world with reliable access to water, and transform business, society and the planet for the better.
On December 22, 2022, Rainwater Tech entered into a definitive business combination agreement with dMY Technology Group, Inc. VI (NYSE: DMYS). Upon the closing of the business combination, Rainwater Tech will become publicly traded on the New York Stock Exchange under the new ticker symbol “RANY”. Additional information about the transaction can be viewed here: https://www.rainwatertech.com/investors/
About dMY Technology Group, Inc. VI
dMY Technology Group, Inc. VI (“dMY VI”) is a special purpose acquisition company founded by Niccolo de Masi and Harry You for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Its Class A common stock, units and warrants trade on the NYSE under the ticker symbols DMYS, DMYS.U and DMYS WS, respectively. More information can be found at www.dmytechnology.com.