Progressive Planet Solutions Inc. (CVE:PLAN) has announced the appointment of Chris Halsey-Brandt as the company's CFO, replacing David Cross.
Halsey-Brandt is both a Chartered Professional Accountant (CPA) and a Chartered Business Valuator (CBV) and currently owns and operates a successful food processing business. Prior to becoming an entrepreneur, he was a partner at Blair Mackay Mynett Valuations Inc. (BMM), a leading Vancouver-based business valuation firm. During his time at BMM, he specialized in the valuation of public and private companies.
READ: Progressive Planet Solutions announces successful first phase testing of its PozGlass SCM product
"I would like to thank Dave Cross for his multiple years as CFO of PLAN. During his tenure, the company grew its pozzolan assets and started producing mineral powders. Dave was always accessible and consistently had our financial filings filed in a timely manner. As the Company grows, the CFO position is becoming more time-consuming and we welcome Chris into this role," Steve Harpur, Progressive Planet CEO said in a statement.
"Chris' experience in valuing businesses will be a key tool as PLAN seeks to grow in the future both organically and through evaluating opportunities to acquire operational pozzolan businesses that include both pozzolan reserves and cash flow. Chris was already involved with PLAN through our Advisory Board and now that Chris is our CFO, he has resigned as an Advisory Board Member," Harpur added.
To ensure an orderly transition, the company said Cross will be retained in a consultancy role until August 1, 2021.
Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products that replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second-largest global generator of CO2 emissions.
The company operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia (BC) and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.
Contact the author at jon.hopkins@proactiveinvestors.com