Guest Contributor | Nov 5, 2019 | 0
Nuyoma re-appointed as state pension fund boss
Chief Executive Officer (CEO) and Principal Officer David Nuyoma, of the Government Institutions Pension Fund (GIPF) was re-appointed for another five years effective from 1 January 2018 until 2022.
At a signing ceremony held at the fund’s head office this week, the Chairman of the GIPF Board of Trustees Goms Menette signed and confirmed the re-appointment of Nuyoma which was witnessed by members of the Board of GIPF, Management and trade union representatives.
Nuyoma who joined the GIPF on the 1 January 2013 has been at the helm of the Fund and steered the institut ion through the rough era of the infamous Development Capital Project (DCP). Nuyoma holds a wealth of experience as a renowned economist and has greatly impacted the financial and investment sectors over the years. Under his leadership, the Fund has grown tremendously from N$58 billion in 2013 to the current N$106 billion in 2017.
Furthermore, the GIPF has managed to maintain adequate so lvency levels, provide optimal member benefits, enhance corporate governance and service delivery as well as cult ivate a high performance culture during the past five years of his tenure.
The Chairman of the Board of Trustees, Goms Menette said, “We are delighted to have reappointed Nuyoma to continue leading the GIPF as CEO and Principal Officer. Under his leadership, the assets of the GIPF almost doubled, the image of GIPF including service delivery improved, and most importantly, he fostered a high performance culture among employees”.