Peter Kukielski
Board Member
Peter is expected to bring operational excellence, stakeholder relations and safety and leadership experience to Cameco’s board, having served as chief executive officer at mining companies with operations internationally.
As a newly-elected board member in 2025, Peter will be joining the Safety, Health and Environment committee as well as the Technical committee.
Key Skills and Experience
- Executive leadership and strategy
- Operational excellence and safety
- Business growth and transformation
- Investor relations
- Capital projects
Biography
As of April 3, 2025
Peter Kukielski is the president and CEO of Hudbay Minerals Inc., a diversified Canadian mining company, and has served in that position since 2020, after having served as interim CEO since 2019. He has over 30 years of senior management experience in international mining activities. Peter has held president and CEO roles at Canadian and UK mining companies over the past 15 years and prior to that he served in other senior executive roles in the mining and metals sector.
Peter received a bachelor of civil engineering degree from the University of Rhode Island and a master of civil engineering degree from Stanford University. His mining industry experience includes development of major projects, supported by large workforces, in the mining and metals sector across North America, South America, the UK and parts of Asia.
Peter serves on the board of directors of Norsk Hydro (which he will depart prior to joining Cameco’s board) and has served on the compensation, sustainability and nominations and governance committees of another public company board. He brings experience in risk management, mergers and acquisitions, strategy, climate change and workers’ and human rights.
Other Public Company Boards in the Past Five Years
| Hudbay Minerals (TSX/NYSE) | 2019 to present |
| Norsk Hydro ASA* (Oslo Stock Exchange) | 2019 to present |
* Peter will be leaving the Norsk Hydro ASA board of directors as of its upcoming 2025 annual general meeting.
Securities Held
as at December 31, 2024
| Year | Cameco Shares | DSUs | Total Shares and DSUs | Market Value of Shares and DSUs1 | Multiple of 2024 Annual Retainer (at market value) | Deadline to Meet Share Ownership Guideline2 |
|---|---|---|---|---|---|---|
| Current | 7,665 | - | 7,665 | $ 566,520 | 2.8x | May 9, 2030 |
1 Based on total holdings calculated using $73.91, the closing price of Cameco shares on the last trading day of the year on the TSX.
2 For evaluating compliance with Cameco’s share ownership guidelines, Peter’s shares held at December 31, 2024 are valued at $566,520 and represent 2.8x the board member retainer of $200,000.