By paNOW Staff

Cameco CEO to retire

Feb 23, 2011 | 5:35 AM

Tim Gitzel is going to be Cameco's top man at the end of June.

The uranium company has announced that CEO Jerry Grandey will retire following his 65th birthday. He'll be replaced by Gitzel, who currently holds the position of president.

Gitzel came to Cameco in 2007 as senior vice-president and chief operating officer and was promoted to president in May 2010.

Before Cameco, Gitzel worked for Areva in Paris, France where he was responsible for Areva’s uranium and gold exploration projects in 11 countries.

news@panow.com

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