WASHINGTON — The Senate has confirmed Stefan Selig, a former Bank of America senior executive, as undersecretary of international trade at the Commerce Department, where he will help coordinate President Obama’s Made in America push and national export initiative.
Selig succeeds Francisco Sanchez, who stepped down in the fall to take a job in the private sector.
In his new role, Selig will head up Commerce’s International Trade Administration, where he will have oversight of textile and apparel import issues at the Office of Textiles & Apparel and the Committee for the Implementation of Textile Agreements, which makes decisions on products that are in “short supply” in the U.S. under certain trade agreements.
Selig will also play a role in naming the successor to Kim Glas, the deputy assistant secretary for textiles, consumer goods and materials and chair of CITA who is leaving to become executive vice president of the BlueGreen Alliance in Washington.
“In this new role, Stefan will help lead our recently launched NEI/NEXT initiative — a program to build on export achievements under President Obama’s National Export Initiative — to help even more businesses reach the 95 percent of customers that live outside our borders,” said Commerce Secretary Penny Pritzker. “I look forward to working with Stefan and the ITA team as we work to expand Select USA — the first government-wide program to attract and facilitate more investment in the United States.”
Pritzker said the ITA’s mission is to improve the global business environment in the U.S., assist companies in exporting abroad and enforce trade laws and trade agreements.
“As a businessman with more than 30 years of experience in the global marketplace, I am confident in Stefan’s ability to lead ITA as it helps American businesses expand to new markets, create jobs and strengthen our economy,” Pritzker said.
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Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews