Mesheau's victory happened in the midst of a leadership campaign for his party which was won shortly thereafter by Bernard Lord whom Mesheau supported. As a result, Mesheau was appointed to the high-profile role of Health Critic in the shadow cabinet.
The Progressive Conservatives won the 1999 provincial election and Mesheau was named to the cabinet as Minister of Economic Development, Tourism and Culture. Lord restructured the government in 2000 and Mesheau took over the new Department of Investments and Exports. In October 2001 Mesheau was promoted to the high-profile position of finance minister. Following the 2003 election, Mesheau was shuffled to Business New Brunswick, another department which had been carved out of his old Economic Development portfolio and one which had since annexed his old Investment and Exports department.
In February 2006, he left the cabinet altogether as a part of a shuffle in anticipation for the 56th New Brunswick general election. Mesheau said he had left willingly as he did not intend to run for another term. Later in 2006, Mesheau became a part of a media frenzy when it was learned that he had found a job in the private sector and intended to resign his seat in the legislature. His resignation would create a minority government and Lord said he would call an election - 13 months earlier than scheduled - rather than face a hung parliament.
The election was held on September 18, 2006 and though the Progressive Conservatives lost the government to the Liberals, the Tories retained Mesheau's Tantramar riding electing Mike Olscamp.
Minister of Investments and Exports 2000–2001 Mesheau was previously Minister of Economic Development, Tourism & Culture out of which this department was created, Betts served as Minister of Business New Brunswick into which this department was merged
Minister of Economic Development, Tourism and Culture 1999–2000 MacAlpine became Minister of Business New Brunswick Mesheau became Minister of Investments & Exports Robichaud served as Minister responsible for Culture & Sport
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