U.S. Markets closed

Parent company shakes up Kennecott executives

SALT LAKE CITY (AP) -- London-based Rio Tinto PLC is announcing an executive shakeup at Kennecott Utah Copper Corp. after an April landslide damaged an ore pit west of Salt Lake City and cut production.

The parent company says Kennecott President and Chief Executive Kelly Sanders will step down Sept. 1.

Sanders will take another position with Rio Tinto that has yet to be determined.

Kennecott's chief operating officer Stephane Leblanc will do double duty as the company's top executive in Utah.

Several other changes are taking place as Kennecott shrinks its management team to four executives from seven.

Lynn Cardey-Yates will step down as vice president of sustainable development. The chief financial officer, Pat Keenan, will assume a capital development role with Rio Tinto. The vice present of human resources, Nicky Firth, has taken another position with Rio Tinto.