Dairi Vele is acting Secretary for Department of Treasury

15/08/2013 10:09

PM O'Neill announces change in Treasury Dept.



PRIME Minister Peter O’Neill announced today that the National Executive Council has appointed Mr Dairi Vele as the Acting Secretary for the Department of Treasury.

Mr Vele is the incumbent Director of the Gas Coordination Office.

He was selected from a shortlist of three candidates that the Public Services Commission vetted and submitted to the NEC.

Mr Vele replaces Simon Tosali, who leaves after a “remarkable tenure in advising government on economic policy and budget management and implementation”.

Mr Vele, 38, from Central province holds an Economics Degree from the Australian National University.

He was a privatisation advisor at the Independent Public Business Corporation (IPBC) from 2003 – 2006 before joining the Treasury Department as an advisor sponsored by AusAID.

In 2008 he was appointed Director of Gas Project FEED Coordination Office and was instrumental in negotiating the PNG LNG Project Agreement, notably the benchmark fiscal terms for the project.

In 2010 Mr Vele was appointed Chief Executive Officer of the National Petroleum Company of PNG, building the company that holds the State equity in the PNG LNG Project from the ground up.
In December 2011 he was appointed Director of the Gas Project Coordination Office, which he currently holds.

“Mr Vele is a well qualified Papua New Guinean who will continue an excellent job Mr Tosali has done at Treasury,” the Prime Minister said.

He paid tribute to Mr Tosali, and said he will be deployed in other areas within government where his skill and experience will be utilised.