Statement of Federal Trade Commission Chairman Deborah Platt Majoras

As previously announced, I will resign as Chairman of the Federal Trade Commission, effective March 30.

The President has announced his intention of designating FTC Commissioner William E. Kovacic as the next Chairman of the Federal Trade Commission. Bill will be a terrific Chairman. 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.

It has been my honor to serve U.S. citizens as Chairman of the Federal Trade Commission. I have been privileged to stand with my fellow Commissioners and the talented staff in our efforts to protect consumers and promote competition in our highly effective free market system.