Canada-based Cypress Development appoints South African Braam Jonker as CFO

Braam Jonker will be taking over from James Pettit, who has been acting as the company’s CFO.

Canada-based Cypress Development has announced the appointment of South African Braam Jonker as its new CFO.

Braam will be taking over from James Pettit, who has been acting as CFO and will continue to serve as a non-executive director.

Braam is a registered CA in South Africa, Canada, England and Wales. He is also a member of CIMA in the UK and holds a master’s degree in South African and international tax from the Rand Afrikaans University in South Africa.

He recently served as the CFO of Nevada Copper, where he led the corporate finance functions as the company transitioned from project developer and into the initial start-up of production. Prior to his appointment as CFO, he also served as the interim CEO and non-executive director of Nevada Copper.

According to a statement by Cypress, Braam has played a pivotal role in several business recoveries and restructurings, was a key team member in management and at the board level in the strategic growth of a number of public companies and has participated, raised and overseen the raising of more than $750 million (R10.8 billion) in the form of equity and debt instruments in the mining industry.

Cypress CEO Bill Willoughby said that he is pleased to welcome Braam to the company. “We are excited to have available his expertise in strategic and financial management and especially his recent accomplishments with a major mining project in Nevada. We look forward to his contributions as we move our Clayton Valley Lithium Project in Nevada towards a feasibility study.”

He also thanked James for his service as CFO.