Michigan Governor Rick Snyder has named Pat McPharlin as the Director of the state Department of Insurance and Financial Services effective May 18th. McPharlin replaces current Director Ann Flood who has held the position since October of 2013. McPharlin has extensive service in the private financial sector and has served as the CEO of Michigan State University Federal Credit Union for 14 years after starting there in 1973. The appointment must be approved by the state Senate.
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