Detroit emergency manager Kevyn Orr has appointed Stacy Fox, a restructuring executive and co-founder of a Detroit-based real estate firm, as his new deputy emergency manager.
Matt Helms reports in the Detroit News that Fox will make $175,000 a year with no health care or retirement benefits.
She has a background in restructuring and worked as a corporate lawyer for Fortune 500 companies including Sunoco. She was also a board member of a controversial nonprofit that paid extra compensation to former Metro Detroit CEO Tukia Mullin.
Fox, who was a University of Michigan classmate of Orr, serves on the executive committee of the Downtown Detroit Partnership and was chairwoman of the Michigan Fast Track Land Bank Authority.
“Stacy brings an unparalleled level of executive and municipal leadership to the City of Detroit and I am excited she has agreed to help lead the city’s restructuring at this historic time,” Orr said in a statement today. “Stacy is committed to improving basic services for residents and charting a path that will lead to a stronger and more vibrant Detroit.”
Fox stepped down from the Roxbury Group and the Detroit office of the Foley & Lardner law firm to take the job under Orr. Among other projects, Roxbury is redeveloping the David Whitney Building off Grand Circus Park downtown as a mixed-use project with a boutique hotel. It also developed the Midtown Auburn loft and retail complex and the revamping of the old Globe Trading building on the city’s east riverfront.
