Kovacic Named by Bush to Lead Federal Trade Agency (Update1)
By James Rowley and Roger Runningen
March 26 (Bloomberg) -- President George W. Bush is
appointing William Kovacic, an antitrust scholar and a U.S.
Federal Trade Commission member, to succeed Deborah P. Majoras as
the agency's chairman.
The White House announced the appointment today as Majoras
prepared to leave to become general counsel of Procter & Gamble
Co. Kovacic, 55, who worked as an FTC lawyer early in his career,
was the agency's general counsel during Bush's first term in
office, then left to teach antitrust law at George Washington
University before becoming a commissioner in 2006.
Bush doesn't need Senate approval to install Kovacic as FTC
chairman. The president designates the head of the commission
from among its five members. Appointment to the commission
requires Senate confirmation.
Majoras, 44, announced her resignation Feb. 28. She will
begin her new job in late June at Procter & Gamble in Cincinnati,
the largest U.S. consumer products maker.
Her departure creates a vacancy on the commission, and Bush
may have trouble filling it because of a long-simmering dispute
with Senate Democrats. They have held up confirmation of dozens
of nominees to various federal agencies such as the Federal
Election Commission.
The other Republican FTC member, Thomas Rosch, has
frequently voted with Democrat Jon Leibowitz and independent
Pamela Jones Harbour. That may make it harder for Kovacic, an
ally of Majoras, to command a three-vote majority.
Kovacic was a staff lawyer in the FTC's antitrust
enforcement bureau from 1979 to 1983. He has taught antitrust law
at George Mason University as well as George Washington. He has
traveled extensively as an academic and an FTC official to
promote the adoption of laws by other countries protecting
competition.
Bush's first FTC chairman, Timothy Muris, who also taught at
George Mason, recruited Kovacic to join the FTC as general
counsel.
To contact the reporter on this story:
James Rowley in Washington at
jarowley@bloomberg.net;
Roger Runningen in Washington, at
rrunningen@bloomberg.net.
Last Updated: March 26, 2008 15:19 EDT