Cameco Board of Directors appoints new president

 Cameco (TSX: CCO; NYSE: CCJ) today announced the appointment of Catherine Gignac as Chair of the Board of Directors of Cameco effective December 1, 2023.

Ms. Gignac will replace Ian Bruce, who died on October 15, 2023. Mr. Bruce had been Chairman of the Board of Directors of Cameco since May 2018.

“ I am honored to be named Chair and to have the opportunity to lead this exceptional board and management team as Cameco continues to serve the thriving nuclear energy industry,” said Ms. Gignac. “ It is with humility that I succeed Ian, who wisely managed tumultuous times and contributed to Cameco’s current success. »

Ms. Gignac has been a member of the Cameco Board of Directors since 2014. She is Chair of the Nominations, Corporate Governance and Risk Committee. She sits on the audit committee and the financial and technical committee. She has over 30 years of experience in the financial markets and mining industry and has held senior roles as a mining equity research analyst with major global brokerage firms and independent boutiques. Ms. Gignac, who previously worked as a geologist, has extensive experience in analyzing the value of projects and investments.

“ Catherine has been a key member of Cameco’s Board of Directors for nearly a decade and has brought valuable insight and technical expertise to the varied and complex issues our company has faced. I look forward to Catherine assuming the role of Chair of the Board of Directors and continuing to champion the work of Cameco,” said Tim Gitzel, President and CEO of Cameco.

Cameco is one of the world’s largest suppliers of the uranium fuel needed to power a clean-air world. Our competitive position is based on our control of the largest high-grade reserves in the world, with low-cost operations and significant investments in the nuclear fuel cycle. We also have interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on our nuclear fuel products to produce safe, reliable, carbon-free electricity. Our shares are traded on the Toronto Stock Exchange and the New York Stock Exchange. Our head office is located in Saskatoon, Saskatchewan, Canada.

The text of the press release resulting from a translation should in no way be considered official. The only authentic version of the press release is that of the press release in its original language. The translation must always be compared with the source text, which will set a precedent.

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