Three named to Detroit Financial Advisory Board

DETROIT (WXYZ) - We now know some of the officials who will be making up the Financial Advisory Board that is required in Detroit as part of the Financial Stability Agreement between the city and the state of Michigan.

In a news release issued by the state, it was announced that former State Treasurer Robert Bowman, Darrell Burks and Ken Whipple are joining the board.

“I am pleased that we have been able to call on such uniquely talented individuals in making these initial appointments,” said Governor Snyder in the release. “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.”

In addition to serving as State Treasurer from 1983-1990, Bowman has served as President of the Michigan Education Trust and President and CEO of the internet and technology arm of Major League Baseball, Major League Baseball Advanced Media LP.

He will serve as the joint appointee of Governor Snyder and Mayor Bing

Burks is a senior partner at the accounting firm of PricewaterhouseCoopers, where he has worked since 1978. He is one of the people who will be appointed solely by Governor Snyder.

Whipple will serve as State Treasurer Andy Dillon's appointee. He is Chairman of the Board of Korn/Ferry International, an executive search firm. He also served as Chairman of the Board of CMS Energy and CEO of both CMS and Consumers Energy.