63.—(1) There shall be a chief executive officer of the Board (who shall be known as and is referred to in this Act as the “chief executive”).

(2) The chief executive shall carry on and manage, and control generally, the administration of the Board and perform such other functions (if any) as may be determined by the Board.

(3) Subject to subsections (5) and (6), the chief executive shall be appointed by the Board with the consent of the Minister.

(4) The chief executive may be removed from office by the Board for stated reasons.

(5) The Minister may, before the establishment day, designate a person to be appointed to be the first chief executive.

(6) If, immediately before the establishment day, a person stands designated by the Minister under subsection (5), the Board shall appoint that person to be the first chief executive.

(7) The chief executive shall hold office under a written contract of service (which contract may be renewed) for such period as is specified in the contract, upon and subject to such terms and conditions (including terms and conditions relating to superannuation) as are so specified, being terms and conditions which are determined by the Board with the consent of the Minister given with the concurrence of the Minister for Finance.

(8) The chief executive shall not hold any other office or employment or carry on any business without the consent of the Board.

(9) The chief executive shall furnish the Board with such information (including financial information) in relation to the performance of his or her executive functions as the Board may from time to time require.

(10) The Civil Service Commissioners Act 1956 shall not apply to the appointment of a person as the chief executive.