Cameco announces leadership change

Wednesday, 23 February 2011 Tim Gitzel is to take over as president and CEO of uranium producer Cameco after Jerry Grandey's retirement from the firm at the end of June. Grandey has been with Cameco since 1993, serving as head of the company since 2003. He has "provided excellent leadership that included building a solid management team with great abilities and experience," said Victor Zaleschuk, Cameco chair. "We are fortunate to have Tim Gitzel to continue Cameco's growth using his leadership strengths and extensive industry knowledge." Gitzel added: "This is an exciting time to lead this organization, building on the foundation put in place by my predecessors. We are on track to pursue our ambitious goal to double our uranium production by 2018 as the world is noticing that the nuclear renaissance is underway."