Welcome to the Cameco Corporation HUB on AGORACOM
Cameco's vision is to be a dominant nuclear energy company producing uranium fuel and generating clean electricity. Our key strategy to deliver this vision is to sustain and grow uranium production in a way that is safe, clean, cost-effective and communit
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash

Supreme Discusses Progress of 342K sqf. Medical Marijuana Production Facility

WATCH INTERVIEW NOW!

  • Significant progress made at its 342,000 square foot greenhouse facility located in Kincardine, Ontario
  • Moving quickly to implement its proposed plan to produce up to 24,000,000 grams of medical marijuana
  • Recently completed $1.7M financing
  • Received conditional pre-approval letter from Health Canada

Hub On AGORACOM / Corporate Profile / Watch Interview!

Message: Chairman Zaleschuk to Step Down at Annual Meeting

Bayst_profile
Rank: [?]
Vice President
Points: [?]
8907
Rating: [?]
Votes: 167 Score: 3.2
  • Currently 3.2/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Chairman Zaleschuk to Step Down at Annual Meeting

posted on Mar 08, 13 05:35PM

By Christopher Donville -

March 8, 2013

Cameco Corp. (CCO), the world’s third- largest uranium producer, said Chairman Victor Zaleschuk will step down at the company’s next annual meeting.

A. Neil McMillan, a member of the Canadian company’s board of directors since 2002, will replace Zaleschuk, Saskatoon, Saskatchewan-based Cameco said today in a statement. Zaleschuk will continue to be a director, if re-elected at the May 14 meeting, the company said.

“It’s time for me to step down as chair to assure healthy renewal of board leadership,” Zaleschuk, who served as chairman for a decade, said in the statement.

The change comes as the uranium industry grapples with depressed prices for the nuclear reactor fuel component following meltdown of three reactors in Japan after the March 2011 earthquake and tsunami. The move also comes as Cameco prepares to begin output from its Cigar Lake uranium mine in Saskatchewan, a projected delayed by a series of underground floods beginning in 2006.

Cameco fell 0.3 percent to C$21.49 at 11:43 a.m. in Toronto. The shares have risen 9.7 percent this year.

Kazatomprom, Kazakhstan’s state-owned producer, and Paris- based Areva SA (AREVA) are the biggest uranium miners as of 2011, the most recent data available from the World Nuclear Association.

To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net

New Message

Please login to post a reply

AGORACOM Quick Tips

What Is Twitter? Watch Our 5-Minute Tutorial ... Watch Now

President's D.D.

New feature: Hub Presidents can add important links here.

Stock Quote

Hub Leaders