President William Ruto has nominated former Treasury Principal Secretary Kamau Thugge for appointment as Governor of the Central Bank of Kenya (CBK).
In a statement on Monday, May 15, State House Chief of Staff Felix Koskei said the nomination follows a competitive recruitment process carried out by the Public Service Commission (PSC).
Kamau Thugge will succeed outgoing Central Bank boss Patrick Njoroge if his nomination is approved by Parliament.
Njoroge’s final four-year term comes to an end in June.
Njoroge is not eligible to serve another term as he has served the maximum two four-year terms allowed by the law.
“The presidential nomination comes ahead of the imminent retirement of Patrick Njoroge who has served the nation with distinction as the ninth Governor of the Central Bank from June 19, 2015, and who is statutorily ineligible for reappointment. Should Kamau receive seal of approval of the National Assembly, he will be the 10th Governor of the Central Bank of Kenya,” part of the statement reads.
