BUSINESSDESK: Cavalier Corp, the carpet maker seeking to expand its wool scouring operations, named Paul Alston as chief financial officer, replacing Victor Tan, who is retiring after 28 years with the firm.

Mr Alston was CFO at Turners & Growers and has previously worked at Deloittes, JP Morgan and Deutsche Bank.

He will start on November 19, with Mr Tan working alongside him for the first half of the year.

Cavalier says Mr Alston has merger and acquisition, company restructuring and reorganisation experience.

Shares of Cavalier fell 1% to $1.97 on the NZX.