Ndung'u, an economics professor, led the central bankbetween 2007 and 2015, winning praise for presiding over the expansion of the financial sector and condemnation for prioritising growth over price stability in 2011.
"We appreciate that we have a difficult economic situation on our hands," the president said as he unveiled his cabinet. Ruto also appointed a former vice president and deputy prime minister, Musalia Mudavadi, as his chief minister, a newly created post, to coordinate government business.