Detroit CFO John Hill Stepping Down At Year's End

DETROIT (AP) — John Hill is stepping down as Detroit's chief financial officer.

The city says Hill has told Mayor Mike Duggan and City Council President Brenda Jones that he will be leaving his post by the end of December.

Hill was hired in 2013 by then-emergency manager Kevyn Orr and is credited with helping Detroit's financial restructuring through and after the city's historic bankruptcy. Detroit exited bankruptcy in late 2014.

Hill also has helped the city address legacy pension obligations.

Duggan says Hill's work has "restored Detroit's credibility not only on Wall Street, but also right here at home."

As chief financial officer, Hill led the restructuring of all finance, budget, grants management, procurement, and property assessment functions and created a new centralized financial management organization.