Thursday, March 14, 2013

Bankruptcy expert, Kevyn Orr named Detroit emergency manager

Kevyn Orr. PHOTO/Jones Day/AP

Kevyn Orr, a bankruptcy expert, has been selected by Michigan's Governor Rick Snyder to take over Detroit as emergency financial manager.

Orr, 54, has wide experience in business restructuring and a reputation as a calm leader who thoughtfully considers a range of views. He was Jones Day's third most active partner on the Chrysler restructuring, piling up US$1 million in fees in the first year on the case.

On Monday, Detroit Mayor Dave Bing said the

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