Tim Gitzel

President and CEO

Personal Information

53  |  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 board of the World Nuclear Association.


  • International
  • Mining
  • Nuclear industry
  • Risk management


As of March 8, 2016

Tim Gitzel is president and CEO of Cameco since 2011. He was appointed president in 2010 and served as senior vice-president and chief operating officer (COO) from 2007 to 2010. 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. Except for the public company listed below, Tim has not served on any other public company boards over the past five years.

Board and Committee Membership and Attendance

As of December 31, 2015

    2015 Attendance
2015 Voting Results Board and Committee Membership In Person Teleconference Overall

98.7% for
1.3% withheld

Board of directors 5 of 5 5 of 5 100%

Other Public Company Boards and Committee Memberships

The Mosaic Company Audit, Corporate governance and nominating

Securities Held

As of December 31, 2015

Year 2015 2014 Change
Cameco Shares 181,968 99,252 82,716
PSUs* 163,900 138,000 25,900
RSUs __ __ __
Total Shares, PSUs and RSUs 345,868 237,252 108,616
Total value of Shares, PSUs and RSUs** $ 5,903,967 $ 4,519,561 $ 1,384,316
Meets share ownership guidelines See page 61 of the 2016 Management Proxy Circular for the CEO ownership requirement
(no requirement as a director)

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

** Value of shares ($3,106,194) and PSUs ($2,797,773) for 2015 are calculated using $17.07 and $19.05 for 2014, 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 81 of the 2016 Management Proxy Circular