- Push-out Score determined
- After about five years in the position
- Praise and thanks for Klenda
- John Cash taking over
- Klenda spoke at length and said 152 words
(exechange) — Littleton, Colorado, March 1, 2022 — Jeff Klenda, chief executive of Ur-Energy, leaves. As announced by Ur-Energy Inc. in a news release and in a regulatory filing published on Tuesday, March 1, 2022, Jeffrey T. (Jeff) Klenda leaves his post as chief executive officer at the uranium mining company, after about five years in the role, effective immediately.
Jeff Klenda’s duties as CEO will be taken over by John W. Cash, most recently Vice President Regulatory Affairs at Ur-Energy Inc.
“Personal reasons”
Jeff Klenda’s departure from the CEO post is explained as follows. Ur-Energy said: “After nearly two decades at the helm of Ur‑Energy, Mr. Klenda has decided for personal reasons to step back from the day-to-day chief executive role, while continuing to serve as the Company’s Chairman and President.”
Precise information regarding Jeff Klenda’s future plans was not immediately available.
“Resigning”
Ur-Energy said: “Jeffrey T. Klenda, the Company’s Chairman, CEO and President is resigning as chief executive officer, effective on March 1, 2022. John W. Cash, the Company’s current Vice President Regulatory Affairs, has been named as the new Chief Executive Officer and has been appointed to serve as a member of the Board of Directors effective on the same date. Mr. Klenda will remain as Chairman and President at this time.”
Ur-Energy further said: “Jeffrey T. Klenda, the Chairman, CEO and President of Ur-Energy Inc. (“Ur-Energy” or the “Company”) has resigned as the Chief Executive Officer of the Company effective March 1, 2022 and will retire as the Chairman of the Company, effective after the Annual Shareholders meeting in June 2022. He is not currently expected to be nominated to serve as a director of the Company at the upcoming Annual Shareholders meeting. He will also retire as President following the Annual Shareholders meeting.”
Share price increase since March 2017
The announcement follows an increase in Ur-Energy Inc.’s share price of 87% since March 2017.
In the position of CEO since 2016
Jeff Klenda became CEO of the Company in 2016.
Klenda graduated from the University of Colorado in 1980 and began his career as a stockbroker specializing in venture capital offerings.
Prior to founding Ur-Energy in 2004, he worked as a Certified Financial Planner and was a member of the International Board of Standards and Practices.
In 1986, he started Klenda Financial Services, an independent financial services company providing investment advisory services to high-end individuals and corporate clients as well as providing venture capital to corporations seeking entry to the U.S. securities markets.
In the same year, Klenda formed Independent Brokers of America, Inc., a national marketing organization.
He also served as President of Security First Financial, a company he founded to provide consultation to individuals and corporations seeking investment management and early stage funding.
Over the last 35 years, Klenda has acted as an officer and/or director for numerous publicly-traded companies, having taken his first company public at 28 years of age.
Klenda has served as the Chairman of the Board of Directors of the Company since 2006.
He served as Executive Director from January 2006 to May 2015.
Thereafter, he served as Acting Chief Executive Officer until being named President and Chief Executive Officer by the Company’s Board of Directors in December 2016.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Jeff Klenda’s move on a scale of 0 to 10.
exechange reached out to Ur-Energy and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 10.2022 ($).