09/05/2014 02:52 EDT | Updated 11/05/2014 05:59 EST

Newfoundland and Labrador's former speaker named finance minister

ST. JOHN'S, N.L. - Newfoundland and Labrador Premier Tom Marshall has appointed Ross Wiseman as finance minister.

Wiseman has held several cabinet posts and was most recently Speaker of the house of assembly.

He replaces Charlene Johnson who resigned for family reasons.

Deputy Speaker Wade Verge will take over Wiseman's duties as Speaker.

Susan Sullivan, minister for innovation and business development, takes on Johnson's other files as minister responsible for the status of women.