diff --git a/libgnucash/app-utils/CMakeLists.txt b/libgnucash/app-utils/CMakeLists.txt
index 4eb513167a..e53df54d95 100644
--- a/libgnucash/app-utils/CMakeLists.txt
+++ b/libgnucash/app-utils/CMakeLists.txt
@@ -106,7 +106,7 @@ target_include_directories (gnc-app-utils
 target_compile_definitions (gnc-app-utils PRIVATE -DG_LOG_DOMAIN=\"gnc.app-utils\")
 
 if (APPLE)
-  set_target_properties (gnc-app-utils PROPERTIES INSTALL_NAME_DIR "${CMAKE_INSTALL_FULL_LIBDIR}/gnucash")
+  set_target_properties (gnc-app-utils PROPERTIES INSTALL_NAME_DIR "${CMAKE_INSTALL_FULL_LIBDIR}")
 endif()
 
 install(TARGETS gnc-app-utils