He is the quieter, more conservative, less populist half of the Key-English leadership team of the past eight years. A practising Catholic, he is opposed - unlike Key - to same-sex marriage, abortion and euthanasia.
Deputising for Key, he has built a reputation as a steady, conservative Finance Minister, managing eight budgets and achieving his Government's top priority of a return to surplus. In 2011, he sparked a major shift in the Corrections system from punitive measures to rehabilitation after famously describing New Zealand prisons as a "moral and fiscal failure". He has also overseen the biggest reforms of state housing, including an end to a "house for life" and proposed sales of thousands of homes.
More recently, he has led the Government's "social investment" revolution, which looks to use big data to channel funding only into rigorously tested social services. The social investment approach is likely to remain a core part of the Government he leads.
His career has mostly escaped controversy, aside from a spending scandal in 2009 in which he was found to be claiming a $900-a-week living allowance to live in his own Wellington home.
His political career began in National Party branch offices in Southland and Wellington, before he entered Parliament in 1990 in the seat that later became Clutha-Southland, the safest National seat in the country.
After stints in education, health and finance, he took on the National leadership, where he led the party to its worst election defeat in 2002, scraping just over 20 per cent of the vote. He was rolled by Don Brash the following year and later said he had no plans to ever lead again.
On Monday, he will go against that commitment, becoming National's new leader and New Zealand's 39th Prime Minister.