Monday, September 29, 2014
Associated Press
DETROIT
Kevyn Orr’s success in shepherding Detroit through its historic bankruptcy will leave him unemployed, at least temporarily, when and if his task in the Motor City is complete.
The turnaround expert who helped Chrysler through its 2009 Chapter 11 restructuring says he has given no thought to what he will do once Detroit’s bankruptcy trial ends.
“I will talk to no one about a potential job until I’m done here,” Orr said minutes after signing an order Thursday relinquishing most of the power he’s had for the past year-and-a-half as state-appointed emergency manager back to the mayor and City Council. “I’ll be truly unemployed — hopefully in a couple of weeks.”
Chances are he won’t be jobless for long.
“Orr and his team have really done an extraordinary job in the last 18 months in guiding the city through uncharted water,” said Michael Sweet, a bankruptcy attorney with Fox-Rothschild’s San Francisco office.
Orr transferred control of the city back to Detroit’s elected leaders Thursday.