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The latest announcement is out from Cameco ( (TSE:CCO) ).
Cameco has announced the resignation of Patrick Fragman, President and CEO of Westinghouse Electric Company, effective March 31, 2025, as he plans to spend more time with his family in Europe. Dan Sumner has been appointed as the deputy CEO and will serve as interim president and CEO beginning April 1, 2025, while a recruitment process is underway to appoint a new leader. This leadership change is significant for Westinghouse, a leader in nuclear innovation, and impacts Cameco’s joint ownership stake in the company, reflecting continued strategic alignment with its investment interests in the nuclear sector.
More about Cameco
Cameco is a leading global provider of uranium fuel, vital for clean-air energy solutions. With controlling ownership of high-grade reserves and low-cost operations, the company holds significant investments across the nuclear fuel cycle, including stakes in Westinghouse Electric Company and Global Laser Enrichment. Utilities worldwide depend on Cameco for safe, reliable, carbon-free nuclear power generation. Cameco’s shares are traded on both the Toronto and New York stock exchanges, with its headquarters located in Saskatoon, Saskatchewan, Canada.
YTD Price Performance: -1.50%
Average Trading Volume: 4,196,599
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $22.36B
See more insights into CCO stock on TipRanks’ Stock Analysis page.
