Oyu Tolgoi CEO Said to Step Down in November After Term Ends
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Cameron McRae, chief executive officer of Rio Tinto Group’s Oyu Tolgoi LLC, plans to step down from his job, three years after taking control of Mongolia’s biggest company, according to a person familiar with the matter.
McRae’s departure at the end of his three-year contract, which comes due in November, has been communicated within the company, said the person, who asked not to be identified because the information isn’t public. A successor has yet to be named, the person said. An e-mail to McRae seeking comment yesterday wasn’t answered.