New Zealand's departing Reserve Bank governor Alan Bollard has been appointed to the top APEC job.
Dr Bollard will leave the central bank in September after 10 years and begin his new role on 1 January next year.
A statement from APEC on Thursday said Dr Bollard will be the Executive Director of the APEC Secretariat for a fixed term of three years.
It said he will head the technical and advisory body, which supports economic growth and prosperity in the Asia-Pacific region once Muhamad Noor steps down.
Igor Morgulov, the chair of APEC senior officials, says Dr Bollard brings to the organisation experience as one of the region's key economic architects in his role as Reserve Bank governor and as Secretary to the Treasury.
The APEC Secretariat provides the main support services for APEC's 21 member countries, including overseeing more than 250 projects funded by the organisation.
A statement from Dr Bollard says he is honoured to join the APEC Secretariat to help drive forward its goals for more growth and development through greater cooperation.