Waikato company director Tania Simpson has been appointed to the board of the Reserve Bank, replacing retiring director Sue Sheldon.
The appointment was announced today by Finance Minister Bill English, who said Simpson had a "deep understanding of the Maori economy".
Simpson is of Tainui, Ngai Tahu and Ngapuhi descent and is the founding director of Maori policy advisory firm Kowhai Consulting.
She is a director of Mighty River Power and AgResearch and a member of the Waitangi Tribunal.
She will shortly retire as a director of Landcare Research.
"The Reserve Bank board will benefit from Ms Simpson's strong governance background across a range of sectors and her deep understanding of the Maori economy," English said.
English confirmed the reappointment of Wellington company director Keith Taylor for a second term as a director of the central bank.
Taylor is chairman of the Government Superannuation Fund and a commissioner on the Earthquake Commission board.