Tim Gitzel
Chief Executive Officer
As Cameco’s CEO, Tim brings the day-to-day business and operations perspective to the board and is responsible for executing Cameco’s strategy. Tim has more than 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.
Key Skills and Experience
- Executive leadership and strategy
- Governance
- Geopolitical, government, regulatory
- Nuclear industry
- International business and cultural perspectives
Biography
Tim Gitzel is CEO of Cameco. He served as president and CEO from July 2011 to August 2025, president from 2010 to 2011, and as senior vice-president and chief operating officer prior to that. Tim has over 30 years of senior management experience in the Canadian and international nuclear energy sector. 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 also holds an honorary degree from Saskatchewan Polytechnic. He participated in an executive education programme facilitated by INSEAD in France. Tim serves the nuclear industry in many capacities, including the present leadership positions as a board member of the World Nuclear Association and the Nuclear Energy Institute and, since 2023, as a member of the International Atomic Energy Agency (IAEA) Standing Advisory Group on Nuclear Energy. He has served as chair of The Mosaic Company’s compensation and human resources committee for six years and is a member of its corporate governance and nominating committee. He is also a member 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, 2025
| 2025 Attendance | ||||
|---|---|---|---|---|
| 2025 Voting Results | Board and Committee Membership | Regular | Special | Overall |
| 72,167,157 votes (99.31%) for 501,030 votes (0.69%) against | Board of directors | 8 of 8 | 3 of 3 | 100% |
Other Public Company Boards in the Past Five Years
| The Mosaic Company (NYSE) | 2013 to present |
Securities Held
As of December 31, 2025
| Year | Cameco Shares | PSUs* | RSUs | Total Shares PSUs and RSUs | Market Value of Shares, PSUs and RSUs** | Compliance with Executive Share Ownership Guideline |
|---|---|---|---|---|---|---|
| 2025 | 532,211 | 103,946 | 115,971 | 752,128 | $ 94,527,447 | Yes |
| 2024 | 532,211 | 117,170 | 129,704 | 779,085 | $ 57,582,173 | |
| Change | - | (13,224) | (13,733) | (26,957) | $ 36,945,274 |
* Excludes performance share units (PSUs) that vested on December 31, 2025.
** Value of shares ($66,888,278), PSUs ($13,063,933) and restricted share units (RSUs) ($14,575,235) for 2025 are calculated using $125.68 for 2025 and $73.91 for 2024, 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 102 of the 2026 management proxy circular for details about his stock options.