Tim Gitzel

President and CEO

58  |  Not Independent
Saskatoon, Saskatchewan Canada
Director since: 2011
Citizenship: Canadian

  • Key Skills and Experience

    • Uranium / nuclear
    • International business
    • Mining, exploration and operations
    • Legal / regulatory
    • Operational excellence
  • 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 and the Nuclear Energy Institute.

Biography

As of March 10, 2021

Tim Gitzel is president and CEO of Cameco. He served as president from 2010 to 2011, and prior to that served as senior vice-president and chief operating officer. 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 Orano (formerly 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 2012 and to The Mosaic Company board in October 2013. He currently serves as chair of The Mosaic Company’s compensation committee. 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 board of directors of the Business Council of Canada. Tim was appointed Honorary Consul of Kazakhstan in Saskatchewan in 2020.

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, 2020

    2020 Attendance
2020 Voting Results Board and Committee Membership Regular Special Overall

99.5% for
0.5% withheld

Board of directors 7 of 7 5 of 5 100%

Other Public Company Boards in the Past Five Years

The Mosaic Company (NYSE)   2013 to present

Securities Held

As of December 31, 2020

Year Cameco
Shares
PSUs* RSUs Total Shares,
 PSUs and
RSUs
Market Value
of Shares, PSUs
and RSUs**
Executive Share
Ownership Guideline
Compliant
2020 370,035 345,242 130,362 845,639 $ 14,418,145 Yes

See pages
71 and 72
of the 2021
management
proxy circular
2019 299,594 344,054 643,648 $ 7,427,698
Change 70,441 1,188 130,362 201,991 $ 6,990,447  

*      Excludes PSUs that vested on December 31, 2020.

**    Value of shares ($6,309,097), PSUs ($5,886,376) and RSUs ($2,222,672) for 2020 are calculated using $17.05 for 2020 and $11.54 for 2019, 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.

See Incentive plan awards on page 94 of the 2021 management proxy circular for details about his stock options.