Following the board's questions and public comment they voted to approve Orr.
Orr is a high-powered D.C. attorney who helped steer Chrysler through their 2009 bankruptcy. He attended undergrad and law school at the University of Michigan.
Orr said he will officially resign from his D.C. firm on Friday. He will make $275,000 a year as Detroit's EFM, taking a large pay cut.
"As Detroit's motto says; 'We can rise from the ashes,'" said Orr. He continued to say he believes it is possible "to restore this city to a sustainable rate of growth."
Despite his positive attitude, Orr said he recognizes the size of the task at hand and the challenges that accompany it, "This is the Olympics of restructuring." "In my business you're sort of the undertaker that walks up to the front door. You're rarely welcomed."
Orr's appointment comes two days after Detroit City Council appealed Governor Snyder's state takeover. Council proposed a revised consent agreement that prevented an emergency manager in 2012.
Mayor Bing was also present at the press conference to answer questions about his role now that Orr is official in office. "I'm looking forward to being a part of the team," said the mayor. "I've committed to the governor, to Kevyn that we'll do everything we can to be good teammates."