Don Kayne
Board Member
Don brings many years of experience as a business executive in Canada’s resource industry to Cameco’s board as well as valuable insights into emerging Asian markets where Cameco does business. He serves on three of our committees, including as chair of the human resources and compensation committee.
Key Skills and Experience
- Executive leadership and strategy
- Operational excellence and safety
- People, compensation, talent and culture
- Business growth and transformation
- International business and cultural perspectives
Biography
As of April 3, 2025
Don Kayne is special advisor to the CEO of Canfor Corporation, an integrated forest products company. He served as president and CEO of Canfor Corporation from 2011 to 2024 and is the former CEO of Canfor Pulp Products Incorporated (2012 to 2022).
Don has extensive experience in international marketing. He spent his entire career at Canfor, starting out as a regional sales representative in 1979. Prior to his appointment as CEO, Don spent 10 years as Canfor’s vice-president of sales and marketing, and is one of the lead architects of the market for British Columbia lumber in China. Don’s work in growing markets for Canfor products around the world has provided him with deep connections to markets and customers in every region Canfor serves.
Don is a director of the Crown corporation, BC Hydro, a Canadian electric utility operating in British Columbia and a former director of the private company, VIDA Corporation, a Swedish wood products company which is owned 77% by Canfor. He serves the forestry industry in many capacities, including current and past leadership positions with provincial, national and international forestry-related associations and organizations. He is an International Fellow of the Royal Swedish Academy of Engineering Sciences. He serves as co-chair and director of the charitable organization Ching Tien Foundation for Women, which works to empower young women from Asia to become changemakers building on the work of its legacy organization, Educating Girls of Rural China Foundation. Don brings experience in human resources and executive compensation through his executive roles at Canfor.
Board and Committee Membership and Attendance
As of December 31, 2024
| 2024 Attendance | |||
|---|---|---|---|
| 2024 Voting Results | Board and Committee Membership | Number of Meetings | Overall |
| 74,848,604 votes (95.38%) for 3,627,351 votes (4.62%) against | Board of directors | 7 of 8 | 88% |
| Human resources and compensation (chair) | 4 of 4 | 100% | |
| Nominating, corporate governance and risk* | 2 of 2 | 100% | |
| Safety, health, and environment | 4 of 4 | 100% | |
* Don joined the nominating, corporate governance and risk committee in May 2024.
Other Public Company Boards in the Past Five Years
| Canfor Corporation* (TSX) and Canfor Pulp Products Incorporated (TSX) | 2017 to 2024 |
Securities Held
As of 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) | Compliance with Share Ownership Guideline2 |
|---|---|---|---|---|---|---|
| 2024 | –– | 112,539 | 112,539 | $ 8,317,757 | 41.6x | Yes |
| 2023 | –– | 108,650 | 108,650 | $ 6,207,195 | ||
| Change | –– | 3,889 | 3,889 | $ 2,110,562 |
1 Based on total holdings calculated using $73.91 for 2024 and $57.13 for 2023, the closing prices of Cameco shares on the last trading day of the year on the TSX.
2 For evaluating compliance with Cameco’s share ownership guidelines, Don’s DSUs held at December 31, 2024 are valued at $8,324,883 and represent 41.6x the board member retainer of $200,000.