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

Lexaria Discusses Launch of ViPova National Sales Initiative

Lexaria is one of the most advanced and fastest growing companies within the exploding medical Marijuana Industry, one of the most recession-proof industry sectors without any apparent boom / bust cycle given North American demographics and the rapidly accelerating acceptance of medical marijuana.

Watch Interview Now!

Message: Chairman Zaleschuk to Step Down at Annual Meeting

Bayst_profile
Rank: [?]
Vice President
Points: [?]
9206
Rating: [?]
Votes: 168 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

AGORACOM Twitter. Follow our small but powerful market tips .. Follow and Prosper

President's D.D.

New feature: Hub Presidents can add important links here.

Stock Quote

Hub Leaders