The Government Institutions Pension Fund (GIPF) has appointed David Nuyoma to continue as the Chief Executive Officer of the institution on a temporary basis for the next two months
Nuyoma's contract expired on June 3.
The decision, GIPF says, is due to the process of appointing a new CEO being outsourced as per the GIPF recruitment policy.
The fund is required to appoint a CEO approved by the registrar.
The board of trustees has extended Nuyoma's contract from June 4 to August 4, pending the successful completion of the selection and approval process.
The decision is taken to also ensure the fund's stability, continuity, and statutory compliance.