August 3, 2023
Notice of appointment: Dominic Deveaux – Chief Financial Officer
[MONTREAL, August 3, 2023] - We are pleased to announce the appointment of Mr. Dominic Deveaux as Chief Financial Officer ("CFO") at OPAL-RT TECHNOLOGIES, effective August 1st, 2023. As CFO, Dominic will oversee all financial activities of the company, with a focus on achieving revenue and profit targets, as well as providing leadership and supervision to the legal and accounting departments.
[MONTREAL, August 3, 2023] – We are pleased to announce the appointment of Mr. Dominic Deveaux as Chief Financial Officer (“CFO”) at OPAL-RT TECHNOLOGIES, effective August 1st, 2023. As CFO, Dominic will oversee all financial activities of the company, with a focus on achieving revenue and profit targets, as well as providing leadership and supervision to the legal and accounting departments.
With over 30 years of experience, Dominic has been a trusted advisor in numerous successful turnaround, divestiture, acquisition, and financing activities. After six years with Charrette, Fortier Hawey, Touche Ross (now Deloitte), Dominic served as President and CEO of publicly traded companies from 1987 to 1989. In 1990, he founded Deveaux, Brault and Associates Inc., advising entrepreneurs and major financial institutions in Quebec and Canada. Since 2004, Dominic has acted as CEO and CRO in numerous companies, creating value for all stakeholders. Dominic is a Fellow member of the Order of Chartered Administrators of Quebec and a Certified Management Consultant (CMC), reflecting his commitment to professional excellence.
“Just over 20 years ago, when OPAL-RT was still in its infancy, the company faced a financially complex and delicate situation. I then had the privilege to meet Dominic, who was able to advise and support us in our efforts to align the company towards success. Without him, the OPAL-RT would not be where it is now and I am confident that with his strategic intelligence and versatility, we will be able to ensure the growth and sustainability of the company” said Jean Bélanger, President and CTO of OPAL-RT TECHNOLOGIES. “I am excited to work hand in hand with our CFO, leveraging his strategic acumen and financial acuity to drive our company’s success to even greater heights. Our entire team looks forward to the collaborative journey ahead, united in our pursuit of excellence, innovation and sustainable growth.”
With the company’s cutting-edge real-time simulation technology and a strong executive team, Dominic is eager to leverage his strategic acumen and financial acuity to solidify OPAL-RT’s position as a major leader in the power systems, automotive, aerospace, and power electronics industries. « I am very excited to join the Founders and the Management Team in propelling OPAL-RT to another level of growth and expand its global reach. OPAL-RT has all the elements to become a major leader in its field” said Dominic Deveaux, CFO of OPAL-RT TECHNOLOGIES.
With more than 350 employees worldwide, OPAL-RT TECHNOLOGIES continues to grow across its key industries, including power systems, automotive, aerospace and power electronics. With a strong executive team in place, OPAL-RT’s founders are confident that, together, they will be able to carry the torch for years to come and assure the company’s sustainability.
Congratulations to Dominic, and we look forward to his impactful contributions to OPAL-RT TECHNOLOGIES.
About OPAL-RT TECHNOLOGIES
OPAL-RT (opal-rt.com) is a world leader in real-time simulation and Hardware-in-the-Loop (HIL) testing equipment. Since 1997, OPAL-RT has empowered engineers and researchers with accessible, cutting-edge, and customized real-time simulation technology to accelerate the development of better products and more reliable energy transmission.
For more information contact:
Genevieve Deschamps, Communication Business Partner | OPAL-RT TECHNOLOGIES