FEDERAL Treasurer Peter Costello has appointed former Alinta Ltd chairman John Akehurst to the board of the Reserve Bank of Australia for a five-year term. Mr Akehurst, who is also deputy chairman of Coogee Resources Ltd, will fill the vacant position on the board left by Hugh Morgan on July 28 2007. Mr Akehurst is also a non-executive director of CSL Ltd, and the University of Western Australia’s Graduate School of Management. He is a consultant to RSA Consulting Pty Ltd and a senior adviser to McKinsey and Company.