Federal Trade Commission Chair Deborah Platt Majoras has confirmed that her previously announced exit will take place as planned, effective 3/30/08. In making that announcement, she was able to congratulate her successor, current FTC Commissioner William E. Kovacic, who has already been tapped by President George W. Bush for the promotion. "Bill will be a terrific Chairman," she said. "Having served in several capacities at the agency — most recently Commissioner and, previously, General Counsel — he brings deep institutional knowledge, long-standing dedication to the mission, and great respect for staff. Bill is a free market champion and a highly regarded advisor to emerging competition authorities around the globe."
Kovacic’s FTC roots reach all the way back to 1979, with gigs in between at big DC law firm Bryan Cave, George Mason University School of Law and the Senate Committee on the Judiciary.
Majoras is headed for Procter and Gamble. Her exit leaves the FTC with two-and-two party parity. The Senate has no say in Kovacic’s promotion, but filling the seat left by Kovacic as he move into that vacated by Majoras does require Senate confirmation.