29 Dec 2011

Vanuatu government appoints a new chair to superannuation fund

2:50 pm on 29 December 2011

Vanuatu's Minister of Finance and Economic Management, Moana Carcasses, has appointed a new chairman of the Vanuatu National Provident Fund.

Simil Johnson replaces Morris Michel who resigned due to a public outcry over his appointment.

Mr Michel had been an advisor in Mr Carcasses' office.

Mr Johnson's appointment comes after a petition from the acting chair, Keith Hango, calling on the Prime Minister to intervene.

Mr Hango said the board had lacked a quorum to make decisions over the 13 billion vatu in contributions held by the Fund.