(1) The President shall in accordance with article 195 of the Constitution, appoint a Chief Executive Officer for the Authority.

(2) The Chief Executive Officer shall possess relevant professional competence and experience.

(3) The Chief Executive Officer shall hold office on the terms and conditions specified in the letter of appointment.

(4) The Chief Executive Officer is responsible for the day to day administration of the affairs of the Authority and is answerable to the Board for the performance of functions under this Act.

 (5) The Chief Executive Officer may delegate a function to an officer of the Authority but shall not be relieved from ultimate responsibility for the performance of the delegated function.