Tim Gitzel
President and CEO
60 | Not Independent
Saskatoon, Saskatchewan, Canada
Director since: 2011
Citizenship: Canadian
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Key Skills and Experience
- Executive leadership and strategy
- Business growth and transformation
- Nuclear industry
- Investor relations
- Operational excellence and safety
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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 almost three decades of industry experience and brings added perspective as a member of the board of the World Nuclear Association and the Nuclear Energy Institute.
Biography
As of March 13, 2023
Tim Gitzel is president and CEO of Cameco, having served in that position since June 2011. He served as president from 2010 to 2011, and prior to that served as senior vice-president and chief operating officer. Tim has almost 30 years of senior management experience in Canadian and international uranium activities. Prior to joining Cameco, he was executive vice-president, mining business unit for Orano 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 2012 and to The Mosaic Company board in October 2013. He currently serves as chair of The Mosaic Company’s compensation committee. He serves as a member of the board of the World Nuclear Association and served as its chair from 2012 to 2014. He is also a member of the board of directors of the Business Council of Canada and member of the CEO advisory council of the Canada-India Business Council, as well as a co-chair of the Kazakhstan-Canada Business Council.
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, 2022
| 2022 Attendance | ||||
|---|---|---|---|---|
| 2022 Voting Results | Board and Committee Membership | Regular | Special | Overall |
|
99.1% for |
Board of directors | 7 of 7 | 7 of 7 | 100% |
Other Public Company Boards in the Past Five Years
| The Mosaic Company (NYSE) | 2013 to present |
Securities Held
As of December 31, 2022
| Year | Cameco Shares |
PSUs* | RSUs | Total Shares, PSUs and RSUs |
Market Value of Shares, PSUs and RSUs** |
Executive Share Ownership Guideline Compliant |
|---|---|---|---|---|---|---|
| 2022 | 374,124 | 194,215 | 260,761 | 829,100 | $ 25,445,079 | Yes |
| 2021 | 370,035 | 312,834 | 208,522 | 891,391 | $ 24,584,564 | See pages 73 and 74 of the 2023 management proxy circular |
| Change | 4,089 | (118,619) | 52,239 | (62,291) | $ 860,515 |
* Excludes PSUs that vested on December 31, 2022.
** Value of shares ($11,481,866), PSUs ($5,960,458) and RSUs ($8,002,755) for 2022 are calculated using $30.69 for 2022 and $27.58 for 2021, the closing prices of Cameco shares on the last trading day of the year on the TSX. This is the total value of Tim’s accumulated shares and other equity-based holdings.
See Incentive plan awards on page 97 of the 2023 management proxy circular for details about his stock options.