Federal Trade Commission Chairman Timothy Muris announced his resignation would be effective Aug. 15. In May Muris disclosed his plans to leave the FTC this summer rather than serve the remaining four years of his seven-year term. President Bush subsequently announced he would bypass the Senate confirmation process to appoint Muris' chosen successor, Deborah Majoras, a former antitrust official with the U.S. Justice Department, as commission chair through 2005. Majoras must be nominated and confirmed by the Senate to complete Muris' term, which ends Sept. 25, 2008. In a news release, Muris said that serving as FTC chairman had been the greatest honor of his career. "The mission of the agency is vital; the issues are fascinating; and the people are outstanding," he said. Muris, 54, will return to teaching at George Mason University, Fairfax, Va. -- by Mark Taylor
Muris' reign at FTC to officially end Aug. 15
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