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


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.
Hump Day Drinks: 8 Cheery Cocktail RecipesNow that you've made it through half the work week, it's time to celebrate!

Watch & Listen