Dáil Éireann Debate, Thursday - 28 February 2019
32. Deputy Mick Wallace asked the Minister for Finance if consideration has been given to conducting a recruitment process for the position of chairperson of NAMA during 2019 in the interest of transparency, in view of the fact that the present chairperson must vacate the role on 22 December 2019 in adherence with section 25(3) of the National Asset Management Agency Act 2009; and if he will make a statement on the matter. [9955/19]
View answerSection 25 of the NAMA Act provides that it is for the Minister for Finance to appoint the Chairperson of the Board of NAMA. This appointment may be made from amongst one of the existing ordinary members of the Board or the Minister may appoint a new member to assume the role of Chairperson.
As currently constituted, there are seven members of the NAMA Board and two vacancies arising from departures occurring in December 2018. In July 2018 I appointed two new members to the NAMA Board, who were appointed from a panel of qualified candidates created as part of a recruitment process conducted in conjunction with the Public Appointments Service (PAS) and in accordance with the Guidelines on Appointments to State Boards 2014. It will be open to me to make further appointments from this panel to fill vacancies on the Board of NAMA until the end of March 2019.
The term of the current Chairperson of NAMA, Mr Frank Daly, expires on 22 December 2019. Having served two terms Mr Daly is not eligible to be reappointed once his current term expires. I intend to make a decision on the appointment of a new Chairperson of NAMA to replace Mr Daly closer in time to the expiry of his term.
