Emergency Manager and Special Consultant Appointed for Atlantic City

On Jan 22, 2015

In a continuing effort to bring long-term stability to Atlantic City, Governor Chris Christie signed Executive Order 171 today, which appoints an emergency manager and special consultant to develop and oversee a comprehensive overhaul of Atlantic City’s government.

Kevin Lavin has been named emergency manager. Lavin has extensive credentials in restructuring both private and public underperforming entities, most recently as the leader of FTI Consulting’s Global Restructuring business unit. He has played a key role in the turnaround or restructuring of over 150 companies around the globe and across a broad range of industries and has served in interim management roles as CEO, COO and CFO.

Kevyn Orr is special consultant to Atlantic City’s emergency manager. Orr most recently served as emergency manager for the City of Detroit, guiding the city through the largest municipal bankruptcy in US history. By reaching out and speaking honestly with stakeholders and residents, Orr helped the city shed $7 billion in debt and reinvest $1.4 billion over 10 years in public services.  Mr. Orr also brings three decades of extensive legal experience in the areas of business restructuring, financial institution regulation and commercial litigation.

 

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