On Tuesday afternoon, Governor Rick Snyder announced the appointment of Kevin Clinton as new state Treasurer. Clinton, who is currently the director of the state Department of Insurance and Financial Services, will replace Andy Dillon who resigned last week. Snyder also appointed Ann Flood as the new director at DIFS. She had been serving as the department's chief deputy director.

Snyder said "Kevin Clinton is an experienced and capable leader with a track record of success. I am confident he will serve the Department of Treasury and the people of our great state well as we continue our work to reinvent Michigan."

Clinton has 35 years of financial and insurance industry experience. He had served as DIFS director  since the role was created last year. He previously served  as commissioner of the state Office of Financial and Insurance Regulation for two years and has over 10 years as President and CEO of two insurance companies. Clinton holds a bachelor's degree in business administration and a master's degree in actuarial science from University of Michigan.

Flood has more than 25 years of experience in the legal, insurance and health care fields and Governor Snyder said she is "a natural successor to Kevin" and he looks forward "to her continuing that great work as director of the department."

Both appointments are effective November 1. Clinton's appointment is subject to the advice and consent of the state Senate.