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WL Ross to Lose Top Executive as Storper to Leave Firm

Billionaire Wilbur Ross Jr. is losing one of his top executives as David Storper, a senior managing director and a member of the investment committee of WL Ross & Co., decided to depart in October.

Storper, 46, has been at WL Ross since the New York-based firm was started 12 years ago. He was in charge of recruiting young people and about a month ago was given responsibility for leading strategy for the firm, Ross said yesterday in an interview. Stephen J. Toy, 39, a managing director, will take over recruiting and vice chairman James Lockhart III will lead strategy.