FTC commissioners wear many hats. They exercise executive power in a rulemaking capacity, but they also have both prosecutorial and quasi-judicial power. They can authorize complaints, and the commissioners sit as an appellate court to review the decisions of their in-house court.
I don't know anything about the acquisition, but speaking generally, appointees leave less lasting precedent when they spend their time chasing individual vendettas rather than establishing consistent ruts that the system can run down once they leave.