Uranium One Inc. said Dec. 20 that it appointed Eduard Smirnov as acting CEO, effective Dec. 30.

Smirnov succeeds Feroz Ashraf, who will remain with the company in an executive advisory capacity for up to 12 months to assist with the transition and complete certain ongoing strategic initiatives.

Earlier in the month, the company reported the redemption of C$300 million of its 6.25% in senior secured notes due 2018.