Petroleum Commissioner Immanuel Mulunga has been appointed to serve as the managing director of Namcor for the next five years.
The Minister of Information and Communication Technology, Tjekero Tweya, made the announcement yesterday during a media briefing on cabinet decisions.
The University of Stellenbosch graduate has been the country’s petroleum commissioner since 2003. The position at the mines and energy ministry entails administering the Petroleum Exploration and Production Act, licence issuance, promoting investments, and petroleum agreement negotiations.
Mulunga will take up the position left vacant by the current Minister of Mines and Energy, Obeth Kandjoze.
Kandjoze was at the helm of Namcor for two and half years before President Hage Geingob appointed him as one of his eight presidential appointees in parliament.
Contacted for comment yesterday, Mulunga did not have much to say on his appointment.
“I also just learned about it today. I was not informed by Namcor, neither did I receive any offer from Namcor, nor have I signed up. I will reserve my comment until I am approached officially,” he said.
Despite guidelines by the State Owned Enterprises Governing Council on salaries of CEOs in tier 2 – the category in which Namcor falls – former bosses of the oil company have earned above the set ceiling.
The Namibian in 2013 reported that Kandjoze (at the time) said there was a need to reform state-owned enterprises’ remuneration rules because they target top bosses, while juniors earn more than them.
Kandjoze reportedly confirmed he earned N$1.5 million per year, an amount that contravenes remuneration guidelines for state entities.
Tweya said the salary of the new Namcor boss will be in line with the set income guidelines.
“We will not continue with skewed remuneration. Anything beyond the set guidelines will be treated as a violation,” he said.