New CEO for SSC

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By Petronella Sibeene WINDHOEK After nine months of operating without a Chief Executive Officer, the Social Security Commission last Friday announced the appointment of Festus Hangula as its new CEO. Hangula’s appointment follows the undignified exit of Tuli Hiveluah in August 2005, after the Avid debacle. The new CEO, who has 15 years of experience in the finance world, would assume his duties on July 17. Hangula, who is currently a member of the Executive Management at First National Bank of Namibia responsible for Dealing Support, Investment, Risk Management, Asset and Liability Management and International Business, holds an MBA in Finance jointly awarded by the Manchester Business School and the University of Wales in the United Kingdom (UK). He also graduated with a distinction as a fellow of the Macro Economic and Finance Institute of East and Southern Africa (MEFMI). Hangula also serves as the Commissioner of the Namibia Competition Commission, Board Member of Namclear, and Chairman of FNB Namibia Pension Fund among others. “The commissioners are confident and believe that Hangula will take the Commission to greater heights in fulfilling its mandate of professionally administering the funds for the provision of social security benefits to the Namibian workforce and their dependants,” the statement read.