President Barack Obama today said he will nominate Michael Froman to serve as U.S. Trade Representative.
The pick was welcomed by business groups, Politico reports.
Peter M. Robinson, president and CEO of the United States Council for International Business, praised the selection of Froman. “This is an excellent choice,” he said. “Michael Froman has been a positive force for trade within the Obama administration, and is well respected in the business community. His nomination could not come at a better time, as the U.S. begins trade and investment talks with the European Union and pursues the Trans-Pacific Partnership.”
President Obama also will nominate Penny Pritzker, head of the investment firm PSP Capital Partners and an associated property firm, Pritzker Realty Group, CNN reports, and board member for her family’s Hyatt Hotels business, to serve as secretary of commerce. Hyatt has had contentious dealings with labor, but unions refrained from criticizing the choice today, Politico said.