Michigan Governor Rick Snyder has moved quickly to appoint a new state treasurer to replace Andy Dillon who abruptly resigned last week.
Today Snyder announced Kevin Clinton, currently the director of the state Department of Insurance and Financial Services. Clinton, who has 35 years of financial and insurance industry experience, has served as DIFS director since it was created last year, shepherding the new department responsible for regulating Michigan's financial industries, including banks, credit unions, insurance, and mortgage companies.
'Kevin Clinton is an experienced and capable leader with a track record of success. I am confident he will serve the Department of Treasury and the people of our great state well as we continue our work to reinvent Michigan,' Snyder said in a release.
The governor today also appointed Ann Flood as the new director of DIFS. Flood has been serving as the department's chief deputy director.
Both appointments are effective Nov. 1.
See Charlie LeDuff's related report: Michigan Treasurer Andy Dillon to leave office