Mr Haiveta (52) replaces the respected Charles Lepani, who has served two terms in the role. Haiveta is a former deputy prime minister and head of the Pangu Pati. He also twice served as governor of the Gulf Province.
After serving as finance minister in Julius Chan's government, he and Chan resigned in 1997 during the Sandline Affair.
His Wikipedia entry says "he is married to a beautiful woman and has seven wonderful children, and visits them often in Australia." More recently he has been working in the prime minister's department in Port Moresby.