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

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

(3) The Chief Executive shall be a member of the Board

(4) The Chief Executive shall be responsible for the day-to-day administration of the affairs of the Authority and shall ensure the implementation of the decision of the Board.

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