Cameco Management

Management criteria checks 4/4

Cameco's CEO is Tim Gitzel, appointed in May 2010, has a tenure of 13.92 years. total yearly compensation is CA$7.97M, comprised of 14.7% salary and 85.3% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth CA$35.43M. The average tenure of the management team and the board of directors is 11.8 years and 9.3 years respectively.

Key information

Tim Gitzel

Chief executive officer

CA$8.0m

Total compensation

CEO salary percentage	14.7%
CEO tenure	13.9yrs
CEO ownership	0.1%
Management average tenure	11.8yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tim Gitzel's remuneration changed compared to Cameco's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$8m	CA$1m	CA$361m
Sep 30 2023	n/a	n/a	CA$265m
Jun 30 2023	n/a	n/a	CA$98m
Mar 31 2023	n/a	n/a	CA$168m
Dec 31 2022	CA$7m	CA$1m	CA$89m
Sep 30 2022	n/a	n/a	CA$116m
Jun 30 2022	n/a	n/a	CA$63m
Mar 31 2022	n/a	n/a	-CA$57m
Dec 31 2021	CA$7m	CA$1m	-CA$103m
Sep 30 2021	n/a	n/a	-CA$34m
Jun 30 2021	n/a	n/a	-CA$23m
Mar 31 2021	n/a	n/a	-CA$39m
Dec 31 2020	CA$7m	CA$1m	-CA$53m
Sep 30 2020	n/a	n/a	-CA$5m
Jun 30 2020	n/a	n/a	CA$43m
Mar 31 2020	n/a	n/a	CA$73m
Dec 31 2019	CA$7m	CA$1m	CA$74m
Sep 30 2019	n/a	n/a	CA$106m
Jun 30 2019	n/a	n/a	CA$147m
Mar 31 2019	n/a	n/a	CA$93m
Dec 31 2018	CA$7m	CA$1m	CA$166m
Sep 30 2018	n/a	n/a	-CA$55m
Jun 30 2018	n/a	n/a	-CA$207m
Mar 31 2018	n/a	n/a	-CA$132m
Dec 31 2017	CA$6m	CA$1m	-CA$205m

Compensation vs Market: Tim's total compensation ($USD5.77M) is about average for companies of similar size in the UK market ($USD5.59M).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.

CEO

Tim Gitzel (60 yo)

13.9yrs

Tenure

CA$7,974,000

Compensation

Mr. Timothy S. Gitzel, also known as Tim, has been the Chief Executive Officer at Cameco Corporation since July 1, 2011 and has been its President since May 14, 2010. Mr. Gitzel serves as the President of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Timothy Gitzel	President	13.9yrs	CA$7.97m	0.12% CA$ 35.4m
Grant Isaac	Executive VP & CFO	12.8yrs	CA$4.13m	0.020% CA$ 5.8m
Brian Reilly	Senior VP & COO	6.8yrs	CA$2.64m	0.0064% CA$ 1.9m
Sean Quinn	Senior VP	10yrs	CA$2.36m	0.016% CA$ 4.6m
Alice Wong	Senior VP & Chief Corporate Officer	12.8yrs	CA$2.47m	0.018% CA$ 5.3m
C. Bishop	Director of Technical Services	no data	no data	no data
Rachelle Girard	Director of Investor Relations	11.8yrs	no data	0.0021% CA$ 592.6k
Scott McHardy	Director of North American Exploration & VP of Exploration	12yrs	no data	0.0076% CA$ 2.2m
Heidi Shockey	Senior VP & Deputy CFO	1.2yrs	no data	0.0021% CA$ 618.6k
Alain Renaud	Chief Geologist of Technical Services	no data	no data	no data
Dominic Kieran	Global Managing Director for Cameco UK Ltd	less than a year	no data	no data
Leah Hipperson	Manager of Treasury & Insurance	no data	no data	0.000090% CA$ 26.0k

11.8yrs

Average Tenure

Experienced Management: 0R35's management team is seasoned and experienced (11.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Timothy Gitzel	President	13.3yrs	CA$7.97m	0.12% CA$ 35.4m
James Gowans	Independent Director	15.3yrs	CA$235.10k	0.0021% CA$ 598.3k
Daniel Camus	Independent Director	13.3yrs	CA$237.70k	no data
Kathryn Jackson	Independent Director	7.3yrs	CA$239.20k	no data
Donald Kayne	Independent Director	8.3yrs	CA$231.70k	no data
Catherine Gignac	Independent Chairman	10.3yrs	CA$243.91k	0.0046% CA$ 1.3m
Tammy Cook-Searson	Director	less than a year	CA$71.32k	no data
Donald H. Deranger	Independent Director	15.3yrs	CA$218.40k	no data
Dominique Miniere	Independent Director	less than a year	CA$72.93k	no data
Leontine van Leeuwen-Atkins	Independent Director	3.7yrs	CA$223.40k	0.00075% CA$ 216.8k

9.3yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 0R35's board of directors are considered experienced (9.3 years average tenure).

Cameco Management

Management criteria checks 4/4

Key information

Recent management updates

Senior VP & Chief Corporate Officer recently sold CA$4.3m worth of stock

Cameco Corporation, Annual General Meeting, May 09, 2024

Cameco Corporation Announces Management Changes

Cameco Mourns Loss of Long-Time Board Chair Ian Bruce

Insufficient new directors

Insufficient new directors

Recent updates

New minor risk - Insider selling

Senior VP & Chief Corporate Officer recently sold CA$4.3m worth of stock

Investor sentiment improves as stock rises 16%

Now 25% overvalued after recent price rise

Cameco Corporation, Annual General Meeting, May 09, 2024

Cameco Corporation to Report Q1, 2024 Results on Apr 30, 2024

Full year 2023 earnings released: EPS: CA$0.83 (vs CA$0.22 in FY 2022)

Cameco Corporation Provides Earnings Guidance for the Year of 2024

Cameco Corporation to Report Q4, 2023 Results on Feb 08, 2024

Cameco Corporation Announces Management Changes

Upcoming dividend of CA$0.12 per share at 0.2% yield

New minor risk - Insider selling

Cameco Corporation Increases Consolidated Financial Guidance for 2023

Third quarter 2023 earnings released: EPS: CA$0.34 (vs CA$0.049 loss in 3Q 2022)

Cameco Mourns Loss of Long-Time Board Chair Ian Bruce

Now 21% undervalued

Cameco Corporation Provides Production Update

Second quarter 2023 earnings released

Cameco Corporation to Report Q3, 2023 Results on Oct 31, 2023

Insufficient new directors

Insufficient new directors

President recently sold CA$3.3m worth of stock

First quarter 2023 earnings released: EPS: CA$0.27 (vs CA$0.10 in 1Q 2022)

Insider recently sold CA$315k worth of stock

Cameco Corporation, Annual General Meeting, May 10, 2023

Full year 2022 earnings released: EPS: CA$0.22 (vs CA$0.26 loss in FY 2021)

Cameco Corporation Announces Management Appointments

Upcoming dividend of CA$0.12 per share

Insufficient new directors

Cameco Produces First Packaged Pounds Following McArthur River/Key Lake Restart

Cameco Corporation to Report Q4, 2022 Results on Feb 09, 2023

Third quarter 2022 earnings released: CA$0.05 loss per share (vs CA$0.18 loss in 3Q 2021)

Cameco Corporation has completed a Follow-on Equity Offering in the amount of $747.556638 million.

Cameco Corporation has completed a Follow-on Equity Offering in the amount of $650.04925 million.

A strategic consortium led by Cameco Corporation (TSX:CCO) and Brookfield Renewable Partners L.P. (TSX:BEP.UN) entered into an equity purchase agreement to acquire Westinghouse Electric Company LLC from Brookfield Business Partners L.P. (NYSE:BBU) and others at an enterprise value of $7.9 billion.

Second quarter 2022 earnings released

Cameco Corporation to Report Q3, 2022 Results on Oct 27, 2022

Cameco Corporation (TSX:CCO) and Orano Canada Inc. completed the acquisition of additional 7.875% minority stake in Cigar Lake Mine from Idemitsu Canada Resources Ltd.

Cameco Corporation (TSX:CCO) and Orano Canada Inc. have reached agreement to acquire a 7.875% stake in Cigar Lake Mine from Idemitsu Canada Resources Ltd for approximately CAD 190 million.

Insufficient new directors

Cameco Corporation to Report Q2, 2022 Results on Jul 27, 2022

Cameco Corporation, Annual General Meeting, May 10, 2022

Insufficient new directors

Cameco Corporation Announces Annual Dividend for December 2022

Upcoming dividend of CA$0.08 per share

Third quarter 2021 earnings released: CA$0.18 loss per share (vs CA$0.15 loss in 3Q 2020)

Insufficient new directors

Cameco Corporation Resuming Production at Cigar Lake

Cameco Provides Update on Wildfire Around Cigar Lake Uranium Mine in Northern Saskatchewan

Cameco Corporation Plans to Restart Production in April 2021 At its Cigar Lake Uranium Mine Located in Northern Saskatchewan

Cameco Pleased as Supreme Court Dismisses CRA Leave to Appeal

Cameco Corporation, Annual General Meeting, May 06, 2021

Cameco Corporation to Report Q1, 2021 Results on May 07, 2021

Silex Systems Limited (ASX:SLX) and Cameco Corporation (TSX:CCO) completed the acquisition of remaining 76% stake in GE Hitachi Global Laser Enrichment LLC (GLE) from GE-Hitachi Nuclear Energy, Inc. (GEH).

Cameco Corporation to Report Q4, 2020 Results on Feb 10, 2021

Cameco and Orano Canada Inc. Announces Temporary Production Suspension

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age