White House to designate Kovacic as FTC chairman
WASHINGTON, March 26 (Reuters) - The White House said on Wednesday it plans to designate William Kovacic, a Republican commissioner on the Federal Trade Commission, to be chairman of the agency.
Kovacic would replace FTC Chairman Deborah Platt Majoras, who is leaving the agency to become general counsel of Procter & Gamble Co (PG.N: Quote, Profile, Research). Kovacic was sworn in as a commissioner in 2006 and previously was the FTC's general counsel from 2001 through the end of 2004.
The five-member commission also includes Republican Thomas Rosch, Democrat Jon Leibowitz, and Pamela Jones Harbour, an independent.
It was unclear whether President George W. Bush would nominate a replacement for the empty commissioner's seat at the FTC. A number of federal agencies, such as the Securities and Exchange Commission, have unfilled vacancies because of months of friction between the White House and the Democrat-controlled U.S. Senate, which must confirm new commissioners.
The FTC, along with the U.S. Justice Department, reviews proposed corporate acquisitions for antitrust concerns. The agency also investigates deceptive advertising.
Under Majoras, the FTC fined telemarketers and spyware makers millions of dollars and tried to block Whole Foods Market's acquisition of organic retailing rival Wild Oats markets. (Reporting by Julie Vorman, Editing by Chizu Nomiyama)
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