Tim Gitzel
President and CEO
61 | Not Independent
Saskatoon, Saskatchewan, Canada
Director since: 2011
Citizenship: Canadian
Key Skills and Experience
- Executive leadership and strategy
- Governance
- Geopolitical, government, regulatory
- Nuclear industry
- International business and cultural perspectives
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 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.
Biography
As of March 11, 2024
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 he served as senior vice-president and chief operating officer. Tim has over 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 serves on two of its committees. He has served as chair of The Mosaic Company’s compensation and human resources committee for five years and is a member of their corporate governance and nominating committee. He serves as a member of the board of the World Nuclear Association and served as its chair from 2012 to 2014. He was appointed in 2023 to the International Atomic Energy Agency’s (IAEA) Standing Advisory Group on Nuclear Energy. 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, 2023
| 2023 Attendance | |||
|---|---|---|---|
| 2023 Voting Results | Board and Committee Membership | Number of Meetings | Overall |
| 56,626,709 votes (99.16%) for | Board of directors | 8 of 8 | 100% |
| 477,305 votes (0.84%) against | |||
Other Public Company Boards in the Past Five Years
| The Mosaic Company (NYSE) | 2013 to present |
Securities Held
As of December 31, 2023
| Year | Cameco Shares | DSUs | Total Shares and DSUs | Market Value of Shares and DSUs1 | Multiple of 2023 Annual Retainer (at market value) | Compliance with Share Ownership Guideline2 |
|---|---|---|---|---|---|---|
| 2023 | –– | 108,650 | 108,650 | $ 6,207,195 | 31.0x | Yes |
| 2022 | –– | 103,292 | 103,292 | $ 3,170,019 | ||
| Change | –– | 5,359 | 5,359 | $ 3,037,176 |
* Excludes PSUs that vested on December 31, 2023.
** Value of shares ($26,325,104), PSUs ($8,394,740) and RSUs ($10,068,248) for 2023 are calculated using $57.13 for 2023 and $30.69 for 2022, 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 96 of the 2024 management proxy circular for details about his stock options.