Urenco – Board Developments

Helmut Engelbrecht, Chief Executive Officer (CEO) of Urenco Ltd has announced that he plans to retire during this financial year. The Board of Urenco Ltd has initiated the search for a new CEO. Helmut will continue as CEO until his successor is appointed and will work with the Board to ensure a smooth transition.

Helmut has led the company since 2006 and overseen a three fold increase in its capacity and the development, from conception to commissioning, of the only civil nuclear uranium enrichment facility in the USA. Urenco now supplies over 30% of the global enrichment market and has achieved annual EBITDA in excess of €1 billion.

The Board extends its thanks to Helmut for his significant contribution to Urenco.

Sir John Hood reached the end of his three year term as Chairman of the Board of Urenco Ltd in December 2014 and had advised the Board of his intention to retire. At the request of the Board, he kindly agreed to remain as Chairman for orderly succession.

The Board thanks John for his continuing contribution to the governance of the company.

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