Former acting Reserve Bank Governor and Vice-Chancellor of the University of Canterbury Rod Carr has been appointed to the board of the central bank.
Early this year Carr ruled himself as a potential contender to replace retiring central bank governor Alan Bollard.
Today Finance Minister Bill English appointed Carr to the board of the Reserve Bank of New Zealand.
"Dr Carr has extensive experience, both in the banking industry and as a director," English said. "I'm confident he will make a strong contribution to the board of the Reserve Bank."
As well as his main role as Vice-Chancellor of the University of Canterbury, Carr, 51, holds a number of governance positions including the chairmanship of the National Infrastructure Advisory Board.
He was previously the managing director of Jade Software Corporation, following roles as Deputy Governor of the Reserve Bank and senior positions with the National Australia Bank.
Carr was acting Governor of the Reserve Bank for five months after Don Brash resigned suddenly in 2002 to go into politics.
Speaking earlier this year when he ruled out applying for the role of Governor, Carr said he had a five-year contract with the university which runs from February 2009 to 2014 and he felt a commitment to stay there.
English also appointed Craig Ansley to the Government Superannuation Fund Authority and reappointed director Toni Kerr for a further term.