City Council Picks 2 For Financial Advisory Board

DETROIT (WWJ/AP) – The president of an investment firm and the chief financial officer of a retiree benefits trust have been named to Detroit’s 9-member financial advisory board.

Michigan and Detroit created the board in their consent agreement that headed off a state-appointed emergency manager.

City Council approved the appointments Thursday, just one day after an Ingham County judge threw out a challenge to the consent agreement.

Prairie & Tireman president W. Howard Morris will serve three years. Mary Beth Kuderik of the United Auto Workers Retiree Medical Benefits Trust will serve a one-year term.  Bowman is the joint pick of Mayor Dave Bing and Gov. Rick Snyder.

Councilwoman Saunteel Jenkins praised both members.

“Mr. Howard Morris — he served as the emergency manager in Inkster schools — and he did a fantastic job there,” said Jenkins. “Mary Beth Kuderik — her claim to fame, if you will, is working with GM and the UAW in turning around their health car plans which have saved GM over a billion dollars.”

Council members also approved ex-state Treasurer Robert Bowman’s appointment to the panel that will oversee Detroit’s efforts to pull through its fiscal crisis.

The advisory board’s first scheduled meeting is Friday.

Related news:

Emergency Manager Foes Win Key Step At Court

Detroit Councilman Calls For Appeal In Consent Deal Dispute

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