Cameco Acknowledges Resignation of Westinghouse President and CEO

Cameco (TSX: CCO; NYSE: CCJ) acknowledges the dedicated work and leadership of Patrick Fragman during his tenure as President and CEO of Westinghouse Electric Company. Today, Patrick announced his intention to leave his position at Westinghouse, effective March 31, 2025, in order to spend more time with his family in Europe. Patrick has led Westinghouse since 2019.

"Westinghouse is a pioneer in the nuclear energy industry and is regarded as a leader in nuclear innovation and plant services," said Tim Gitzel, president and CEO of Cameco. "We thank Patrick for his leadership and wish him and his family all the best in the future."

Effective immediately, Westinghouse's former President of Operating Plant Services Dan Sumner has been appointed deputy CEO. Starting April 1, 2025, he will serve as interim president and CEO until a new president and CEO is appointed.

A recruitment process is underway, and a new president and CEO will be chosen by Westinghouse's board. As joint owners of Westinghouse, Cameco and Brookfield each hold three seats on the board.

Profile

Cameco is one of the largest global providers of the uranium fuel needed to energize a clean-air world. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan, Canada.

As used in this news release, the terms we, us, our, the Company and Cameco mean Cameco Corporation and its subsidiaries unless otherwise indicated.

Investor inquiries:
Cory Kos
306-716-6782
cory_kos@cameco.com

Media inquiries:
Veronica Baker
306-385-5541
veronica_baker@cameco.com

News Provided by Business Wire via QuoteMedia

CCO:CA,CCJ
The Conversation (0)
Significant Mineralisation Confirmed in Sweden

Significant Mineralisation Confirmed in Sweden

Basin Energy (BSN:AU) has announced Significant Mineralisation Confirmed In SwedenDownload the PDF here. Keep Reading...
Nuclear plant cooling towers with overlaid stock market graphs at sunset.

Uranium Price Update: Q3 2025 in Review

The uranium space is currently navigating a complex mix of optimism and structural pressures as investors increasingly look to the sector and major miners reduce their guidance. After sinking to a US$63.25 per pound on March 7 — the lowest point since September 2023 — the U3O8 spot price... Keep Reading...
Drill Rig Mobilised at Lo Herma ISR Uranium Project

Drill Rig Mobilised at Lo Herma ISR Uranium Project

American Uranium (AMU:AU) has announced Drill Rig Mobilised at Lo Herma ISR Uranium ProjectDownload the PDF here. Keep Reading...
Stock market display with "Mergers and Acquisitions" in white amid red and green numbers.

IsoEnergy Expands Into Australia with Toro Energy Takeover

IsoEnergy (TSX:ISO,NYSE American:ISOU) is set to acquire Australia’s Toro Energy (ASX:TOE,OTC Pink:TOEYF) in an all-share deal that will consolidate two uranium developers into a single diversified platform as global nuclear demand surges and uranium prices continue to strengthen.The merger... Keep Reading...
Joint Investor Presentation

Joint Investor Presentation

Toro Energy (TOE:AU) has announced Joint Investor PresentationDownload the PDF here. Keep Reading...
IsoEnergy to Acquire Toro Energy

IsoEnergy to Acquire Toro Energy

Toro Energy (TOE:AU) has announced IsoEnergy to Acquire Toro EnergyDownload the PDF here. Keep Reading...

Latest Press Releases

Related News