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Financial News Network
May 31, 2011 AT 7:21 PM
President Barack Obama has tabbed the former long-time CEO of Edison International (NYSE:EIX) John Bryson as his nominee to lead the Commerce Department, the White House said on Tuesday.Bryson served as the head of the California-based electric power distributor and generator from 1990 to 2008. He is currently a senior advisor to Kohlberg Kravis Roberts & Co (NYSE:KKR). He has held a spot on the board of directors at Boeing (NYSE:BA) since 1995, and at the Walt Disney Company (NYSE:DIS) since 2000.Obama said in a statement, "I am pleased to nominate John Bryson to be our nation's Secretary of Commerce, as he understands what it takes for America to succeed in a 21st century global economy. John will be an important part of my economic team, working with the business community, fostering growth, and helping open up new markets abroad to promote jobs and opportunities here at home."