FTC chairman to move to P&G

WASHINGTON Federal Trade Commission chairman Deborah Platt Majoras will become general counsel of Procter & Gamble, the FTC and P&G announced on Thursday.

The vacated position will likely be filled by William Kovacic, one of the two remaining Republicans on the commission, which also has one Democrat and one independent.

Before heading the FTC, Majoras was principal deputy assistant attorney general of the Department of Justice's Antitrust Division and prior to her government service, was an antitrust partner with law firm Jones Day.

After nearly four years at the FTC, Majoras will begin work on June 1 as P&G’s vice president and general counsel based in Cincinnati, said company spokeswoman Robyn Schroeder.