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Martin Tapped as Detroit CFO
Parker Moves to Highland Park Schools
Longtime financial guru Jack Martin has been named the new chief financial officer (CFO) of the City of Detroit by Mayor Dave Bing. The CFO position was newly created by the Consent Agreement, or Financial Stability Agreement, entered into by the State of Michigan and the City of Detroit earlier this Spring.
Martin is the founder and Chairman of Martin, Arrington, Desai & Meyers, PC and has been serving as the Emergency Manager for Highland Park Public Schools since January. Additionally, Martin was a member of the Detroit Financial Review Team that originally recommended the Consent Agreement.
Martin will take over as Detroit CFO on May 21st and will be replaced in Highland Park by Governor Snyder’s appointment of Joyce Parker, the current Emergency Manager for the City of Ecorse. Having recently announced the first balanced budget in the City of Ecorse since 2005, Ms. Parker and Governor Snyder view the City of Ecorse as significantly improved, allowing for her to take on both positions simultaneously.
The Mayor also has to appoint a project manager under the Consent Agreement.
posted by PAA Online
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Friday, May 11, 2012
10:23 AM
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