News & Insights

Dykema Chairman Rex Schlaybaugh Re-elected to Board of The Detroit Economic Growth Corporation

October 26, 2011

DETROITDykema, a leading national law firm, today announced that its Chairman and Chief Executive Officer, Rex E. Schlaybaugh, Jr., has been reelected to a three-year term as a member of the Detroit Economic Growth Corporation Board of Directors, and a one-year term as a member of the DEGC Executive Committee.

The DEGC is a nonprofit organization that works closely with the City of Detroit and other partners to support existing businesses and to bring new companies and investments to the city. DEGC professionals act as staff for a number of public authorities and its board members are appointed by Mayor Dave Bing and approved by the Detroit City Council. The DEGC also works directly for the City of Detroit under contract and manages economic development efforts funded by private and foundation contributions, grants and contracts.

"The Detroit Economic Growth Corporation is a full service agency that has been instrumental in driving economic development in the City of Detroit, and I look forward to my continuing role in this important endeavor,” said Schlaybaugh.

Schlaybaugh, who has been Chairman and Chief Executive Officer of Dykema for the past 10 years, will step down from those leadership posts at the end of this year but will remain active at the firm, advising corporate clients, participating on various boards and engaging in community and civic activities. In his more than 25 years with the firm, Schlaybaugh has built a significant corporate law and corporate finance practice that includes a concentration in mergers and acquisitions; buyouts and recapitalizations; capital markets and lending; and corporate governance for public and private companies.

Schlaybaugh is a frequent speaker on merger and acquisition matters and on corporate governance issues facing boards of directors. He also serves on the boards of several organizations and business entities, including the Detroit Economic Club, the Metropolitan Affairs Coalition, and the John Hancock Life Insurance Company.