Detroit's state-appointed emergency manager and its mayor-elect announced the appointment yesterday of a new chief financial officer for the cash-strapped city, Reuters reported yesterday. John Hill, the former chief executive officer of a business-backed civic group for Washington, D.C., was tapped to lead Detroit's finance department and work on the city's restructuring team, according to the announcement by Emergency Manager Kevyn Orr and Mayor-elect Mike Duggan. Hill, a certified public accountant, headed Washington's Federal City Council from 2004 to 2012. He previously served as executive director of that city's Financial Control Board, which was created by Congress in 1994 to take over the U.S. capital city's finances and budget.
