Leon Richardson Joins Michigan Strategic Fund

Governor Gretchen Whitmer has recently announced two appointments to the Michigan Strategic Fund Board of Directors and Michigan Indigent Defense Commission. Among the appointees is Leon Richardson, a Bloomfield Hills resident who will represent a member submitted by the Speaker of the House of Representatives on the board.

Richardson is the founder, president, and CEO of the Chemico Group, a leading minority-owned chemical management and distribution company in the United States. With over 30 years of experience in the industry, he has been instrumental in expanding the company’s presence and maintaining its position as one of the largest players in the sector. Richardson is also a United States Marine Corps veteran, having served as a non-commissioned officer, and is an alumnus of the University of Maryland and the Detroit College of Business.

As a member of the Michigan Strategic Fund Board of Directors, Richardson will represent individuals within the private sector with experience in private equity or venture capital investments. He will serve for a term that began on April 27, 2023, and will expire on July 31, 2026. Richardson’s appointment comes after Paul Gentilozzi’s term on the board has ended.

The Michigan Strategic Fund Board of Directors, created by Executive Order No. 2019-13, has various responsibilities, including approving the use of private activity bonds, authorizing the submission of Community Development Block Grant applications by local governments, and approving Tool and Die Renaissance Recovery Zones.

Governor Whitmer has expressed her confidence in Richardson and his ability to contribute to the board’s work. She believes that his experience and expertise in private equity and venture capital investments will be invaluable in driving economic growth and creating opportunities for Michigan residents. The governor also thanked Gentilozzi for his service on the board.

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