The Board of Directors of “Erdenes Oyu Tolgoi” LLC held a meeting at the weekend and appointed Da.Ganbold replacing Ts.Sedvanchig as the Executive Director of the company. The newly appointed Executive Director Da.Ganbold takes up the post today.

Da. Ganbold, former Deputy Mayor of Ulaanbaatar, lost in the Parliamentary election in Songinokhairkhan District.

The economist studied in Russia and was appointed to high ranking posts such as Deputy Prime Minister and Deputy Mayor.

The dismissed director Ts.Sedvanchig was appointed as executive director of Erdenes Oyutolgoi October 25th in 2012.