Photo of Kevin Clinton from Lansing State Journal, August 2013
LANSING (DETROIT FREE PRESS) - Kevin Clinton, a former insurance company executive who now heads the Michigan Department of Insurance and Financial Services, will be named today as the new state treasurer to replace Andy Dillon, who is stepping down after nearly three years in office, the Free Press has learned.
Clinton, who joined the administration of Republican Gov. Rick Snyder in 2011, was promoted to department director in March.
Snyder has now tapped Clinton to head the department responsible for collecting and managing billions in state funds as well as overseeing the financial health of Michigan cities, including Detroit, according to state government sources.
Snyder has scheduled a 1 p.m. news conference in Lansing.
Before joining state government, Clinton served more than six years as CEO of American Physicians Capital, Inc., (APCapital), a medical insurance liability company based in East Lansing.
Before that, he served five years as president and CEO of MEEMIC Insurance Co. in Auburn Hills.
Clinton holds a bachelor's degree in business administration and a master's degree in actuarial sciences from the University of Michigan.
Dillon, a former Michigan House speaker who joined the Snyder administration after losing the Democratic nomination for governor in the 2010 election, announced Friday he is resigning effective Nov. 1. He cited adverse publicity related to his recent acrimonious divorce, saying it had become too big a distraction to his family and the state.
Detroit Free Press