Langat has served in an acting capacity since November last year after the removal of the then acting Managing Trustee Hope Mwashumbe.
Speaking during the announcement on Thursday, NSSF board chairman Adan Mohamed said Langat was among 13 shortlisted candidates out of 67 who had expressed interest in the job.
The board began the competitive search for a new boss in October last year after Tom Odongo was forced out of office and Mwashumbe appointed in an acting capacity.
“A total of 67 applicants were received out of which thirteen were shortlisted in a meeting held December 9, 2013,” Mohamed said during the brief press conference, “Interviews were held between March 31 and April 3.”
The chairman said he was confident that Langat was fit for the position adding that the board had followed due diligence in the process.
“The 13 shortlisted candidates were invited for the interview and out of the process, Richard Kipkoech Langat was unanimously picked by the board having emerged top,” he said.
Langat is the first CEO to be appointed by the board, in line with the new NSSF ACT 2013, that came into force in January.
The law gives the board all the powers in the appointment without requiring the approval of the Ministry.
“The board shall appoint a managing trustee who shall hold office on such terms and conditions of service as may be specified in the instrument of his or her appointment,” section 15 (1) of the Act says.
“The Managing Trustee shall be selected through a competitive process and shall be accountable to the board in the performance of his duties,” section 15 (4) adds.
With Langat being the third Managing Trustee to be appointed within a year, Kenyans will be waiting to see if he will hold the office for the full term of three years.
The Fund has had the highest turnover of CEOs among parastatals in the last six years. Others shown the door in the organisation include Rachel Lumbasyo, James Akoya, Albert Odero and Fred Rabongo.