Penda Ithindi has been appointed as the new GIPF Board of Trustees Chairperson, deputized by Evans Maswahu, effective January 2024.
Ithindi, who was recently appointed Executive Director of the Ministry of Mines and Energy, replaces Nillian Mulemi, who served in that capacity for two years, while Maswahu takes over from Faniel Kisting, having held the position for a year, GIPF Acting Chief Executive Officer Onno Amutenya said.
Mulemi and Kisting shall continue serving on the GIPF Board of Trustees in different capacities.
Amutenya said Ithindi brings extensive experience in economics, capital markets, or investments, with a substantial background in public sector leadership and governance.
Ithindi was appointed by the government to the Fund’s Board of Trustees on 21 August 2020 and reappointed on 21 August 2023.
As part of his board duties, Ithindi was assigned to serve on the Investment Committee as the Chairperson and the Audit and Risk Committee as a member.
Meanwhile, Maswahu possesses a wealth of experience in public sector leadership, investments, and benefits administration.
Maswahu was appointed by the Namibia Public Workers’ Union (NAPWU) on 21 July 2020 and reappointed on 21 July 2023.
He was assigned to serve the Benefits and Administration Committee as Chairperson and the Investment Committee as a member.
“The Fund extends gratitude to Nillian Mulemi for her exemplary leadership throughout her two-year tenure as the Chairperson of the Board and equally to Faniel Kisting for his exceptional leadership and the considerable knowledge he shared during his one-year tenure as the Vice-Chairperson,” Amutenya said.
GIPF is a statutory pension fund that provides guaranteed pension and related benefits to 98,623 civil servants and employees of participating employers in Namibia.
