Wayne County names new CFO

Nicquel Terry
The Detroit News

Wayne County has appointed a new chief financial officer as it continues work in stabilizing its finances.

Henry M. Dachowitz will begin the job Tuesday, county officials announced Wednesday.

Dachowitz has more than 40 years of experience in finance and served four years as the treasurer of Nassau County in New York.

In Nassau County, Dachowitz led a nationally recognized financial turnaround, according to Wayne County officials.

“It’s critical that we hire the right person as CFO to continue guiding us through the Recovery Plan,” Wayne County Executive Warren Evans said in a statement. “Henry brings a lifetime of experience and a track record of success to Wayne County.

“I’m looking forward to working with him as we move forward with finishing the jail and finding cost-effective solutions for the county’s infrastructure issues.”

While working in Nassau County from 2002-05, Dachowitz achieved four budget surpluses and 11 bond-rating increases. He also created a compliance department to ensure more accountability for tax dollars.

“I look forward to building upon this administration’s success re-establishing Wayne County’s solid financial foundation,” Dachowitz said in a statement. “I’m excited for the opportunity to use my experience, in both the private sector and Nassau County, to help Wayne County improve operations and continue the positive momentum.”

According to LinkedIn, Dachowitz has a master’s degree from Harvard Business School and a bachelor’s degree from Brooklyn College.

While Wayne County has made much financial progress, Evans said there is more work to be done.

Evans takes credit for navigating Wayne County through a consent agreement with the state, producing three budget surpluses and increasing the county’s pension from 45 percent to 54 percent funded.