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<p style="font-size:xx-small;">President Obama on Thursday chose two old friends with business executive
experience for top posts on his economic team, naming longtime fundraiser
Penny Pritzker to the Commerce Department and adviser Michael Froman as
U.S. Trade Representative.Pritzker, a Hyatt hotel heiress, businesswoman
and philanthropist, is Obama's pick to fill a Cabinet post that has
been vacant since former Secretary John Bryson resigned after he said he
suffered a seizure that led to a series of traffic collisions.Froman is
one of Obama's law school classmates and senior economic advisers who previously
worked as an executive at Citigroup. The Cabinet-level trade post performs
as the administration's top adviser and negotiator on international trade.
If confirmed by the Senate, Froman would replace Ron Kirk, a former
Dallas mayor who stepped down as trade representative in February after
serving in the post throughout Obama's first term.Obama made the announcements
in the White House Rose Garden just before departing for Mexico. The
nominations, which require Senate confirmation, complete Obama's picks to
fill his second-term Cabinet.Obama said the two will help fulfill his top
priority to grow the economy and create middle class jobs."I intend to
work both of them to the bone as soon as they are
official," Obama said to laughter from a crowd that included the nominees'
families and administration staff.If confirmed, Pritzker would become the
fourth woman serv
ing as secretary in Obama's current Cabinet. She also would
be the wealthiest in the Cabinet by far, with Forbes estimating her
net worth at $1.85 billion and ranking her as the 277th richest
American.Pritzker is a lifelong Chicagoan who has known Obama since the
1990s and raised hundreds of thousands of dollars for both his presidential
campaigns. She was his finance chairwoman in 2008, served as co-chair of
Obama for America 2012 and gave $250,000 to help put on his
inaugural festivities in January.Obama has called her a fearless leader
for his candidacy "who never wavered, never waffled and cracked the whip
with grace and good cheer."Obama selected her for his 16-member Presidential
Economic Recovery Advisory Board in 2009. When that board expired, Obama
included her in his 26-member Council on Jobs and Competitiveness.Pritzker
has led several companies and currently serves as chair of investment firms
Pritzker Realty Group and Artemis Real Estate Partners. She's also on the
board of the Hyatt Hotels Corp., the chain co-founded by her father.She's
donated generously to education and the arts and resigned from the Chicago
Board of Education in March as she was being vetted for the
Commerce nomination.Froman, Obama's deputy national security adviser for
international economic affairs, is steeped in the issues confronting the
trade representative.He has been Obama's main representative at international
economic summits such as the meeti
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