Uranium producer Cameco appoints Catherine Gignac as new chair

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Vladimir Basov

Thursday November 30, 2023 17:25

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(**promotion blocked** News) - Uranium producer Cameco (TSX: CCO; NYSE: CCJ) announced today the appointment of Catherine Gignac as chair of Cameco’s board of directors effective December 1, 2023.

According to Cameco, Gignac will succeed Ian Bruce, who passed away on October 15, 2023. Bruce had served as Cameco’s board chair since May 2018.

The company said Gignac has been a member of Cameco’s board since 2014. She is chair of the nominating, corporate governance and risk committee and serves on the audit and finance and technical committees.

Cameco added that Gignac has more than 30 years of experience in capital markets and the mining industry and has held senior positions as a mining equity research analyst with leading global brokerage firms and independent boutiques.

“Catherine has been a strong member of Cameco’s board for nearly a decade and has provided valuable insight and technical expertise through the varied and complex issues that have faced our company. I look forward to Catherine assuming the role of board chair and continuing to champion Cameco’s work,” said Cameco President and CEO Tim Gitzel.

“I am honoured to be appointed chair and given the opportunity to lead this exceptional board and management team as Cameco continues to serve the thriving nuclear energy industry,” Gignac said. “I am humbled to take over this role from Ian, who provided a steady hand during tumultuous times and helped bring Cameco the success it is experiencing today.”

Cameco is one of the largest global providers of uranium fuel. The company’s competitive position is based on its controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment.