LANSING — Gov. Rick Snyder today named Brad Coulter, who works for a turnaround
consulting company , as emergency manager for the city of Lincoln Park.

Snyder recently declared a financial emergency in Lincoln Park after city officials
requested a state review of the city’s finances last fall. The governor cited a negative
general fund balance, a trend of overspending from the general fund, and a growing
deficit, among other factors.

“Brad Coulter’s extensive experience in finance and restructuring, including his
understanding of government structure and municipal services, makes him a strong
choice as emergency manager for Lincoln Park,” Snyder said in a news release.

“I know Brad will work collaboratively with city officials to address the financial
emergency and to ensure Lincoln Park residents receive the critical services they expect
and deserve.”

Coulter will take a leave of absence from his job as an independent contractor with
O’Keefe & Associates, a turnaround consulting firm with offices in Bloomfield Hills
and Grand Rapids.

Coulter has more than 25 years of experience in management, corporate finance and
international business and has managed various restructurings, according to the press
release.

Detroit, Allen Park, Flint and Hamtramck are under state-appointed emergency
managers, as are the school districts of Detroit, Highland Park and Muskegon Heights.