MISSISSAUGA, ON, June 26 /CNW/ - Atomic Energy of Canada Limited (AECL)
announced today that Mr. Robert Van Adel, President and Chief Executive
Officer has decided to retire from the Company as of November 2, 2007.
"The Board of Directors is extremely pleased with AECL's accomplishments
under Bob's leadership and we respect his decision to retire," stated Chairman
of AECL's Board of Directors Mr. Michael C. Burns. "Over the last six years,
he has transformed the company into a robust, profitable commercial business
on track to lead the global nuclear renaissance and we thank Bob for his
tireless work in preparing the company for an exciting future."
In announcing his departure, Mr. Van Adel noted, "I am very satisfied
that I've achieved what I had set out to do and the timing was right on a
personal level. This will allow me to spend more time with my family and to
focus on other commitments. AECL is well positioned to meet the anticipated
demand for new nuclear around the world. I'm pleased and confident that we
have the right strategies, systems, expertise and people to deliver."
AECL is a full-service nuclear-technology company providing services to
nuclear utilities around the world. Established in 1952, AECL is the designer
and builder of CANDU technology.
AECL specializes in a range of advanced nuclear-energy products and
services that are an important component of clean-air energy programs on four
continents. AECL's 4,300 employees provide research and development, support,
design and engineering, construction management, specialized technology,
refurbishment, waste management and decommissioning in support of CANDU
reactor products. More information on AECL and CANDU technology can be found
For further information:
For further information: Dale Coffin, Director, Corporate
Communications, AECL, Direct: (905) 403-7457