Snyder, Bing Name 3 Detroit Financial Advisory Board Members

DETROIT (WWJ) - Governor Rick Snyder, Treasurer Andy Dillon and Detroit Mayor Dave Bing on Wednesday named the first three appointees to Detroit's Financial Advisory Board.

Former state Treasurer Robert Bowman, who is currently president and CEO of Major League Baseball Advanced Media, is the joint appointee of Snyder and Bing. Darrell Burks, currently with Price Waterhouse Coopers, will be one of three people appointed by Snyder. And Ken Whipple, chairman of the board at Korn-Ferry International, is Treasurer Dillon's appointee.

This nine-member super committee is a required component of a financial stability agreement, also referred to as a consent agreement aimed at easing the city's financial crisis.  The deal was approved by City Council on April 4.

"I am pleased that we have been able to call on such uniquely talented individuals in making these initial appointments," said Snyder, in a statement. "The Financial Advisory Board will play a critical role in guiding the reinvention of Detroit. Each of these appointees is committed to the future of the city and our state, and I thank each of them for their willingness to step forward and serve."

"These are important appointments which set the tone for the caliber of people and the type of collaboration that is essential to the transformation of Detroit," added Mayor Bing. "My administration looks forward to working closely with these talented executives and the other members who will be appointed to the advisory board."

Each committee member will be paid $25,000, plus expenses.  The city and state will split the bill.