Raser Technologies Hires New Chief Financial Officer

August 01, 2004 by Jeff Shepard

Raser Technologies Inc. announced that it has selected William Dwyer as its Chief Financial Officer. Dwyer will replace the company's current chief financial officer, Thomas Bailey, who will formally retire to pursue personal endeavors at the end of 2004.

"My retirement comes at a most exciting time for Raser. However, I look forward to working with Bill over the next few months through the transition. Bill is a highly capable CFO who is well-positioned to address the financial reporting, compliance, and other management opportunities of the company," stated Bailey.

Raser Technologies' President, John Ritter, stated, "We are extremely pleased to add Mr. Dwyer to our executive team. Bill's global experience and strong financial background further enhances Raser's ability to build and manage a world-class company. As a small startup company, we are excited to continue to attract some of the world's finest management. Bill's experience and tenacity are significant assets to our company."