Tim Gitzel

President and CEO

Personal Information

55  |  Not Independent

Saskatoon, Saskatchewan Canada

Director since: 2011

Citizenship: Canadian

As Cameco’s president and CEO, Tim brings the day-to-day business and operations perspective to the board, and is responsible for executing Cameco’s strategy. Tim has over two decades of industry experience and brings added perspective as a member of the boards of the World Nuclear Association and Nuclear Energy Institute.


  • International
  • Mining
  • Nuclear industry
  • Risk management


As of April 6, 2018

Tim Gitzel has been president and CEO of Cameco since 2011. He was appointed president in 2010 and prior to that served as senior vice-president and chief operating officer (COO). Tim has more than 20 years of senior management experience in Canadian and international uranium activities. Prior to joining Cameco, he was executive vice-president, mining business unit for AREVA in Paris, France, where he was responsible for global uranium, gold, exploration and decommissioning operations in 11 countries.

Tim received his bachelor of arts and law degrees from the University of Saskatchewan. He participated in an executive education programme facilitated by INSEAD in France. He was appointed to the board of the Nuclear Energy Institute in 2011 and to The Mosaic Company board in October 2013. He served as chair of the World Nuclear Association from 2012 to 2014 and continues to serve as a member of the board. He is also a member of the Business Council of Canada.

Tim is past president of the Saskatchewan Mining Association, and has served on the boards of SaskEnergy Corporation, the Saskatchewan Chamber of Commerce and Junior Achievement of Saskatchewan. He serves our community in numerous capacities, including several current and past leadership positions with charitable and non-profit organizations.

Board and Committee Membership and Attendance

As of December 31, 2017

    2017 Attendance
2017 Voting Results Board and Committee Membership Regular Special Overall

97.2% for
2.8% withheld

Board of directors 8 of 8 1 of 1 100%

Other Public Company Boards in the Past Five Years
and Current Committee Memberships

The Mosaic Company (NYSE) Audit, Compensation 2013 to present

Securities Held

As of December 31, 2017

Year 2017 2016 Change
Cameco Shares 256,638 221,854 34,784
PSUs* 281,800 234,300 47,500
Total Shares and PSUs 538,438 456,154 82,284
Total Value of Shares, PSUs** $ 6,251,265 $ 6,404,402 $  (153,137)
Ownership Guideline Compliance See page 68 of the 2018 Management Proxy Circular for the CEO ownership requirement

* Excludes PSUs that vested on December 31 of the year.

** Value of shares ($2,979,567) and PSUs ($3,271,698) for 2017 are calculated using $11.61 for 2017 and $14.04 for 2016, the year-end closing prices of Cameco shares on the TSX. This is the total value of Tim’s accumulated shares and other equity-based holdings.

Options Held

See Incentive plan awards on page 86 of the 2018 Management Proxy Circular