Trump Expected to Pick Ross for Commerce Job, Person Says

  • Wilbur Ross known for restructuring deals in steel, coal
  • Cubs co-owner Todd Ricketts said to be likely Ross deputy

Wilbur Ross, chairman and chief executive officer of WL Ross Holding Corp., left, listens during a Bloomberg Television interview in New York on Oct. 20, 2015.

Photographer: John Taggart/Bloomberg
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President-elect Donald Trump is expected to nominate as secretary of commerce investor Wilbur Ross, who became a billionaire by acquiring and restructuring troubled companies, according to a person familiar with the transition planning.

Todd Ricketts, co-owner of the Chicago Cubs baseball team, is in line to be appointed as Ross’s deputy, the person said.