Who is Kevyn Orr? - FOX 29 News Philadelphia | WTXF-TV

Who is Kevyn Orr?

Posted: Updated:
Kevyn Orr Kevyn Orr
DETROIT (WJBK) -

A bankruptcy expert who represented automaker Chrysler LLC during its successful restructuring has been chosen to steer Detroit out of its financial abyss. The distressed city, which was once one of the nation's most prosperous manufacturing centers, is now the largest U.S. city to have its finances placed under state control.

Gov. Rick Snyder announced Thursday that he had chosen Kevyn Orr, a partner in the law and restructuring Jones Day firm, as Detroit's emergency manager. He officially will be hired by Michigan's Emergency Loan Board, which had scheduled a meeting for 3 p.m. EDT Thursday.

During a news conference Thursday, Orr called Detroit a "storied American city."

"We can rise from the ashes," Orr said. "This is a beautiful city and a wonderful state that gave me my start. I feel compelled to do this job."

So who is Kevyn Orr?

According to his bio page on the Jones Day law firm web site, Orr has "practiced in the areas of business restructuring, financial institution regulation, and commercial litigation since 1984."

Orr has strong ties to the state. The 54-year-old is a University of Michigan law graduate (1983) and represented Chrysler LLC during its bankruptcy proceedings in 2009.

Orr is a member of the bars in Florida and the District of Columbia. He also serves on the advisory board at the American Bankruptcy Institute.

FOX 2 political analyst Tim Skubick says Snyder recently met with Orr in Washington at the National Governors Association's winter meeting.

Orr would at first hold the formal title of emergency financial manager for Detroit. On March 28, a new emergency manager law (Public Act 436) passed in December will go into effect, giving Orr and other emergency managers across Michigan the power to cancel and change contracts as well as sell off assets with the permission of the governor and state treasurer.

Stay with FOX 2 and myFOXDetroit.com for continuing coverage.

- The Associated Press contributed to this report

  • Local NewsLocal NewsMore>>

  • 24-year-old women is $66 million jackpot winner

    24-year-old women is $66 million jackpot winner

    Thursday, July 31 2014 11:26 AM EDT2014-07-31 15:26:09 GMT
    The Michigan Lottery says a Port Huron woman is the winner of a $66 million Mega Millions jackpot that was drawn in mid-June.Kelsey Zachow says in a statement that she "could barely breathe" when she learned she was the winner.
    The Michigan Lottery says a Port Huron woman is the winner of a $66 million Mega Millions jackpot that was drawn in mid-June.Kelsey Zachow says in a statement that she "could barely breathe" when she learned she was the winner.
  • Winner of $66 Million Mega Millions Jackpot to be Announced

    Winner of $66 Million Mega Millions Jackpot to be Announced

    Thursday, July 31 2014 10:31 AM EDT2014-07-31 14:31:30 GMT
    Michigan Lottery news conference to announce the winner of the $66 million Mega Millions jackpot from Friday, June 13, 2014.
    Michigan Lottery news conference to announce the winner of the $66 million Mega Millions jackpot from Friday, June 13, 2014.
  • City of Detroit posts improvement updates online

    City of Detroit posts improvement updates online

    Thursday, July 31 2014 7:18 AM EDT2014-07-31 11:18:29 GMT
    Residents will be able to view the number of new streetlights installed in their Detroit neighborhood, how many lots were mown and the number of vacant houses demolished by going to the city's website.
    Residents will be able to view the number of new streetlights installed in their Detroit neighborhood, how many lots were mown and the number of vacant houses demolished by going to the city's website.
Powered by WorldNow

WTXF-TV
330 Market Street
Philadelphia, PA 19106-2796

Phone: (215) 925-2929
Fax: (215) 982-5494

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices