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Turnaround consultant and former emergency financial manager for the City of Ponitac
Fred Leeb was the emergency financial manager for the City of Pontiac for a 15 month period that ended June 30, 2010. During that time, he was able to lead the city to two years of surplus after many years of deficits, upgrade the city’s bond rating, negotiate successfully with six unions to have them voluntarily pay for the equivalent of 20 percent of their medical benefits, and generate over $115MM in multi-year benefits. He has worked on over a dozen multi-billion dollar companies, numerous small and medium-sized local businesses, and both extremely successful companies and those with tremendous challenges. Fred’s consulting career has included what is now PriceWaterhouseCoopers, AlixPartners and (for the last 17 years) his own firms, the Nonprofit Management Group and Fred Leeb & Associates. He has an MBA from Wharton and won the Turnaround of the Year Award in 2008 from the Turnaround Management Association for outstanding work.