BY JAKE NEHER
Michigan Public Radio Network
Governor Rick Snyder is wasting no time finding a new state treasurer after Andy Dillon’s resignation last week.
Snyder has named Kevin Clinton, currently the state’s top insurance official, to the position.
“He’s got a tremendous background both in terms of already having government service, but his private sector experience is very strong in the insurance industry,” Snyder said during Tuesday’s announcement in Lansing.
In his new job, Clinton will play a key role in the state’s financial intervention in struggling cities and schools. That will include taking part in Detroit’s historic bankruptcy proceedings.
Clinton said he’s up for the challenge.
“The insurance companies that I worked for, just about everyone had financial problems when I went in there,” Clinton told reporters after the announcement. “And it was a matter of going out, finding what the issues were, meeting with people, and then solving problems. And Treasury’s probably no different from that.”
But he admits he’ll have a lot of catching up to do when it comes to Detroit’s bankruptcy filing.
“I’m going to have to do a considerable amount of homework,” said Clinton. “I mean, I know what I’ve read in the paper. I’ve gotten some background on it. But I need to get up to speed. And that’s why I said it’s very good for Andy Dillon to be sticking around so I can get up to speed very quickly.”
Dillon will stay on as treasurer while Clinton transitions into the job. Dillon resigned last week, citing publicity and litigation surrounding his acrimonious divorce.
Clinton will officially take over as state treasurer November 1st.
Copyright 2013, MPRN