The Government Institutions Pension Fund (GIPF)’s board has extended the contract of Mr David Nuyoma to remain the company’s chief executive officer for the next two months.

This comes after Nuyoma’s previous contract ended on 3 June 2023.

“The process of appointing the incoming CEO is being conducted as per the GIPF Recruitment, Selection and Termination policies and is currently underway,” said chairperson of GIPF’s Board of Trustees Ms Nilian Mulemi.

“However considering the fact that the process is still currently underway, and that the Fund is required to appoint a CEO/Principal Officer that is approved by the Registrar, the Board of Trustees has resolved to appoint the incumbent, Mr David Nuyoma, on a two month temporary, fixed term contract pending the successful completion of the selection and approval process.”

The new contract with Nuyoma, commencing on 4 June, will run until 4 August 2023.

“The Board of Trustees has taken this decision to ensure stability, continuity, and statutory compliance of the Fund.

“We wish to assure all stakeholders that the Board of Trustees is fully cognizant of the importance of stable, competent and sound leadership to ensure strategic and operational continuity,” Mulemi said.

In the photo: Ms Nilian Mulemi and Mr David Nuyoma.