Cameco
TSX : CCO
NYSE : CCJ

Cameco

May 11, 2017 17:30 ET

Cameco Announces Senior Management Changes and Election of Directors

SASKATOON, SASKATCHEWAN--(Marketwired - May 11, 2017) -

ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED)

Cameco (TSX:CCO) (NYSE:CCJ) announced the appointment of Brian Reilly as Cameco's senior vice-president and chief operating officer, and election of 11 board members at its annual meeting held on May 11, 2017.

Reilly will succeed Bob Steane who is retiring on June 30, 2017 after 34 years with Cameco. Reilly will report to president and CEO Tim Gitzel.

"I thank Bob for his outstanding contributions to Cameco and wish him the very best in his retirement," said Gitzel. "I'm also pleased to welcome Brian to Cameco's senior executive team."

Reilly joined Cameco in 2011 as managing director of Cameco Australia Pty., a wholly owned subsidiary overseeing development of two mine projects and an extensive exploration program. Under Reilly, Cameco Australia made extensive progress on securing regulatory approval for the mine projects, completed an indigenous land use agreement with the traditional owners of the Kintyre site, and built strong relationships with local and government stakeholders. In March 2017, he was appointed Cameco's vice-president, mining, technology and projects.

Prior to joining Cameco, Reilly served as president and CEO of Titan Uranium Inc., a junior exploration company, and for eight years with AREVA where he advanced from project geologist at the Cluff Lake uranium mine to vice-president human resources and industrial relations. He holds a master's degree in geology from Brock University in St. Catharines, Ontario and an MBA from the University of Saskatchewan.

Also at Cameco's annual general meeting, shareholders elected board members Ian Bruce, Daniel Camus, John Clappison, Donald Deranger, Catherine Gignac, Tim Gitzel, Jim Gowans, Kathryn Jackson, Don Kayne, Anne McLellan and Neil McMillan. (Voting results are available below)

Voting Results for Cameco Directors

Nominee Votes For % Votes For Withheld % Votes Withheld
Ian Bruce 119,699,603 88.34% 15,797,572 11.66%
Daniel Camus 119,428,087 88.14% 16,069,088 11.86%
John Clappison 130,301,787 96.17% 5,195,388 3.83%
Donald Deranger 131,290,921 96.90% 4,206,253 3.10%
Catherine Gignac 131,907,796 97.35% 3,589,379 2.65%
Tim Gitzel 131,701,960 97.20% 3,795,215 2.80%
Jim Gowans 127,924,104 94.41% 7,573,071 5.59%
Kathryn Jackson 131,897,225 97.34% 3,599,950 2.66%
Don Kayne 119,213,443 87.98% 16,283,732 12.02%
Anne McLellan 119,565,192 88.24% 15,931,982 11.76%
Neil McMillan 118,299,999 87.31% 17,197,175 12.69%

Profile

Cameco is one of the world's largest uranium producers, a significant supplier of conversion services and one of two Candu fuel manufacturers in Canada. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations. Our uranium products are used to generate clean electricity in nuclear power plants around the world. We also explore for uranium in the Americas, Australia and Asia. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan.

Contact Information

  • Investor inquiries:
    Cory Kos
    (306) 956-8176

    Media inquiries:
    Carey Hyndman
    (306) 956-6317