Cameco announces change in executive team.Cameco Corporation is pleased to announce the appointment of Tim Gitzel to the position of senior vice-president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , which will take effect during the first quarter of 2007. Gitzel will report to Jerry Grandey, Cameco's president and chief executive officer. Terry Rogers, currently senior vice-president and chief operating officer, had planned to retire at the beginning of 2007, but has agreed to delay this and remain with Cameco in the short term in order to provide executive over-sight to the remediation work underway at the Cigar Lake uranium project. "Fortunately for Cameco, Terry's retirement date is flexible and he will provide his considerable judgment and skills as we continue with the remediation of Cigar Lake," Grandey said. "Terry has made significant contributions to Cameco while serving at the head office and abroad. His commitment to safety and environmental protection as well as community engagement has helped maintain Cameco's leadership position in uranium fuel production." In his new role, Gitzel will assume responsibility for all uranium mining Uranium mining is the process of extraction of uranium ore from the ground. As uranium ore is mostly present at relatively low concentrations, most uranium mining is very volume-intensive, and thus tends to be undertaken as open-pit mining. and milling facilities in Saskatchewan, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Kazakhstan, as well as uranium processing and fuel manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. in Ontario. Gitzel brings 12 years of senior level, international mining experience, most recently as executive vice-president, mining business unit, with AREVA, a large French nuclear company. Cameco and AREVA have a long history of joint venture partnerships including mining operations in Saskatchewan. Previously Gitzel was president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of their Canadian subsidiary responsible for Saskatchewan mining operations where he gained significant experience with Canada's regulatory regime, and in working with First Nations peoples The following is a list of First Nations peoples organized by Indigenous geographic area. This list does not include Metis or Canadian Inuit groups. The areas used here are in accordance to those used by the Canadian Museum of Civilization [1] . He also has worldwide communications, negotiations and media relations experience, is fluently bilingual and is a registered lawyer in Saskatchewan. "Cameco has prepared for the resurgence of nuclear power by positioning itself as a leader in the industry with exceptional assets," Grandey said. "Tim Gitzel's international management expertise will be invaluable as we utilize our assets to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. opportunities and grow our businesses." |
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