MEDC names CEO
The new CEO of the state's marketing arm has earned many new titles in recent months.
Steve Arwood, the Michigan Economic Development Corp.’s COO and executive vice president, recently was named the organization’s new CEO, replacing Michael Finney, who previously led MEDC before being appointed by Gov. Rick Snyder as senior advisor for Economic Growth in December.
In response to Arwood’s new role as CEO, Snyder, who had in December named Arwood director of the newly-created Talent and Economic Development Department, has also tabbed him as the president and chairman of the Michigan Strategic Fund.
“Steve Arwood, in leadership positions in my administration, has demonstrated a real feel for what it takes to grow our economy and his appointment to chair MSF is important to our continuing reinvention of Michigan,” Snyder said. “We are committed to bringing our state workforce capabilities to new levels of excellence. Steve’s service will be vital to our success.”
Arwood, a graduate of Michigan State University, previously was chief regulatory officer and director of Licensing and Regulatory Affairs. He also served as LARA’s deputy director and oversaw the Unemployment Insurance Agency and Employment Security and Workplace Safety. Before LARA, he served as U.S. regional director at Windlab Developments USA Ltd. He also held a number of positions at the Michigan Jobs Commission under former Gov. John Engler.
“Steve has an extraordinary track record of accomplishment and knowledge of our state’s business climate,” said Doug Rothwell, MEDC executive committee chair and president and CEO of Business Leaders for Michigan. “His experience in energy development, the Michigan Jobs Commission, the National Federation of Independent Business, and Licensing and Regulatory Affairs makes him an ideal fit as we move forward and take the next steps to improve Michigan’s economy.”