Wilbur Ross

Secretary of Commerce at United States Department of Commerce

Wilbur Ross

Wilbur Ross

Secretary of Commerce at United States Department of Commerce

Overview
Career Highlights

INVESCO Private Capital, Inc.
International Automotive Components Group, S.A.
SpiceJet Ltd.

RelSci Relationships

4690

Primary Location

Washington, DC, United States

Number of Boards

109

Birthday

11/1937 - Weehawken, NJ, United States

Age

80

Number of Awards

24

Estimated Net Worth

$2.5B

Contact Data
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Relationships
RelSci Relationships are individuals Wilbur Ross likely has professional access to. A relationship does not necessarily indicate a personal connection.

Managing Director at WL Ross & Co. LLC

Relationship likelihood: Strong

Senior Managing Director, Co-Head & Chairman of the Investment Committee at WL Ross & Co. LLC

Relationship likelihood: Strong

Professional at WLR IV Parallel ESC LP

Relationship likelihood: Strong

Lecturer in Accounting at Cornell University

Relationship likelihood: Strong

Vice Chairman at WL Ross & Co. LLC

Relationship likelihood: Strong

Former Managing Director at WL Ross & Co. LLC

Relationship likelihood: Strong

Fund Advisor at AIM Funds

Relationship likelihood: Strong

Former President, Chief Executive Officer & Director at State Bancorp, Inc. (Jericho, New York)

Relationship likelihood: Strong

President, Chief Executive Officer & Director at Nexeo Solutions, Inc.

Relationship likelihood: Strong

Principal at WL Ross & Co. LLC

Relationship likelihood: Strong

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Wilbur Ross
Secretary of Commerce at United States Department of Commerce
Family Members
Step Child
Managing Director at White Elm Capital LLC

White Elm Capital manages a global equity long/short hedge fund and seeks to generate returns that are superior to the broad equity market averages with less risk than the overall market. White Elm uses fundamental, bottom-up, company specific research to make their investment selections. While the funds' assets are invested primarily in publicly traded equity securities, White Elm has broad and flexible investment authority. Accordingly, the funds' investments may also include long or short positions in U.S. or non-U.S. publicly traded or privately issued or negotiated common stocks, preferred stocks, stock warrants and rights, corporate debt, bonds, notes, structured notes or other debentures or debt participations, convertible securities, fixed income securities, swaps, options (purchased or written), futures contracts, commodities, forward contracts and other derivative instruments, partnership interests and other securities or financial instruments including those of investment companies.White Elm utilizes fundamental research and is quantitative in their approach to company valuation. The firm employs the following investment strategies: Equity, Short Selling, Hedging, and Leverage.The firm's equity strategy is based on fundamental, company-specific research. In addition, the funds invest in diversified sectors globally in developed and emerging markets across all market caps. White Elm conducts a quantitative assessment of each equity position, based on the company's expected return, to optimize position sizing and risk exposures across each fund's portfolio. White Elm makes short sales as a form of hedging to offset potential declines in long positions in similar securities. They also use short sales to maintain flexibility and to generate profits. The firm uses a variety of financial instruments such as derivatives, including options, forwards and futures, for, among other things, risk management purposes. White Elm may seek to hedge against currency fluctuations. White Elm also employs the use of leverage.

Spouse
Society Writer at Quest Magazines Ltd.

Part of Wilmington plc, Quest Magazines Ltd. is a company headquartered in London, UK, focused on periodicals: publishing, or publishing and printing.

Education
MBA with Distinction
Class of 1961

Harvard Business School (HBS) is the graduate business school of Harvard University in Boston, Massachusetts, United States. The school offers a large full-time MBA program, doctoral programs, and many executive education programs. It owns Harvard Business School Publishing, which publishes business books, leadership articles, online management tools for corporate learning, case studies, and the monthly Harvard Business Review.

BA
Class of 1959

Yale University is an American private Ivy League research university located in New Haven, Connecticut. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States.

Attendee

Xavier High School Corporation of Middletown is a private company headquartered in Middletown, CT, involved in elementary and secondary schools.

Memberships
Member
Current

NON-PARTISAN RESEARCH AND EDUCATION ON MATTERS RELATED TO INSOLVENCY.

Member
Current

Turnaround Management Association (TMA) is a non-profit association dedicated to corporate renewal and turnaround management. Established in 1988, TMA has more than 9,000 members in 48 chapters, including 31 in North America and one each in Australia, Brazil, the Czech Republic, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, the Netherlands, Romania, Southern Africa, Spain, Sweden, Taiwan and the United Kingdom, with a chapter in formation in Singapore.The TMA Certification Program recognizes professional excellence and provides an objective measure of expertise related to workouts, restructurings and corporate renewal. Applicants for certification must meet stringent standards of education, experience and professional conduct, pass a comprehensive examination and maintain the credential through continuing education credits.

Career History
Secretary of Commerce
2017 - Current

The U.S. Department of Commerce promotes job creation, economic growth, sustainable development and improved standards of living for all Americans by working in partnership with businesses, universities, communities and our nation’s workers. The department touches the daily lives of the American people in many ways, with a wide range of responsibilities in the areas of trade, economic development, technology, entrepreneurship and business development, environmental stewardship, and statistical research and analysis.

Chief Executive Officer
2009 - ?

SpiceJet Ltd. engages in the provision of air transport services for the carriage of passengers and cargo. It operates a fleet of aircrafts across various routes in India under the SpiceJet brand. The company was founded on February 9, 1984 and is headquartered in Gurgaon, India.

Chairman, President & Director
2007 - ?

Invesco Private Capital offers clients the ability to invest in private equity funds-of-funds, direct funds, including venture capital and distressed strategies, as well as separately managed portfolios. The firm backs industry-leading venture, buyout and other private equity funds within fully-discretionary funds-of-funds products. Their funds-of-funds vehicles invest in US venture capital, US leveraged buyouts and non-US partnership opportunities

Boards & Committees
Chairman, Board of Directors
Prior - 2017

Nexeo Solutions, Inc. engages in the distribution of chemicals products. It operates through the following segments: Chemicals, Plastics, and Other. The Chemicals segment distributes specialty and industrial chemicals, additives and solvents to industrial users via railcars, barges, bulk tanker trucks, and as packaged goods in trucks. The Plastics segment offers a product line consisting of commodity polymer products and prime engineering resins to plastics processors engaged in blow molding, extrusion, injection molding, and rotation molding via railcars, bulk trucks, truckload boxes, and less-than-truckload quantities. The Other segment involves in customers with comprehensive on-site and off-site hazardous and non-hazardous waste collection, recovery, and arrangement for disposal services or recycling. The company was founded on March 24, 2014 and is headquartered in The Woodlands, TX.

Member, Board of Directors
Prior - 2017

EXCO Production (WV) LLC explores and produces oil and natural gas. The company is headquartered in Dallas, TX.

Vice Chairman
2016 - 2017

Bank of Cyprus Holdings Plc engages in the provision of banking, financial services, insurance services and management, and disposal of property through its subsidiary, Bank of Cyprus PCL. It operates through the following geographical segments: Cyprus, the United Kingdom, and Other Countries. The company was founded on July 11, 2016 and is headquartered in Nicosia, Cyprus.

Non-Executive Chairman
2005 - 2014

International Automotive Components (IAC) is the third largest automotive interior components supplier in the world by market share and the only global supplier with a singular focus on interiors. Their manufacturing operations are segmented into three geographic regions: Europe, Asia and North America. They are headquartered in Luxembourg. IAC's strong global footprint includes approximately 32,000 employees at nearly 100 locations in 21 countries.

Chairman, Board of Directors
Prior

Japan Society is the leading U.S. organization committed to deepening mutual understanding between the United States and Japan in a global context. Now in its second century, the Society serves audiences across the United States and abroad through innovative programs in arts and culture, public policy, business, language and education.

Trustee
Prior

The Brookings Institution is a nonprofit public policy organization based in Washington, DC. Our mission is to conduct high-quality, independent research and, based on that research, to provide innovative, practical recommendations that advance three broad goals: Strengthen American democracy; Foster the economic and social welfare, security and opportunity of all Americans; and Secure a more open, safe, prosperous and cooperative international system. Brookings is proud to be consistently ranked as the most influential, most quoted and most trusted think tank

Non-Profit Donations & Grants

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$5,000 - $10K
2012

Central Park Conservancy, Inc. maintains and develops the New York Central Park. They offer lawns pruning, trees fertilization, shrubs & flowers plantation, ball fields and playgrounds maintenance, graffiti removing, and monuments conservation. The firm also provides water bodies and woodlands sanitation, erosion control, drainage cleanliness, pollution control, and salvation prevention services. The company was founded in 1980 and is headquartered in New York, NY.

$50K - $100K
2012

The Brookings Institution is a nonprofit public policy organization based in Washington, DC. Our mission is to conduct high-quality, independent research and, based on that research, to provide innovative, practical recommendations that advance three broad goals: Strengthen American democracy; Foster the economic and social welfare, security and opportunity of all Americans; and Secure a more open, safe, prosperous and cooperative international system. Brookings is proud to be consistently ranked as the most influential, most quoted and most trusted think tank

N/A
2011

ACCION International provides microcredit and financial support services. Its services include investments and client education. The company was founded by Joseph Blatchford in 1961 and is headquartered in Cambridge, MA.

Political Donations
$20K
2015

Global Business Adviser at Squire Patton Boggs LLP

$10K
2015

Senator from Florida

$25K
2013

Global Business Adviser at Squire Patton Boggs LLP

Transactions
Details Hidden

Kühne Holding AG purchases VTG AG from WL Ross & Co. LLC

Details Hidden

Crypton LLC purchases Nanotex LLC from Firelake Capital Management LLC, Masters Capital Management LLC, WL Ross & Co. LLC, Norwest Venture Partners

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Transportation Recovery Fund LP raised money in a private placement transaction

Investments
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Public Holdings
Restricted data only for RelSci Professional users.
Awards & Honors
Rank #814
2017
Forbes Magazine - The World's Billionaires
Rank #595
2016
Forbes Magazine - The World's Billionaires
Rank #227
2015
Forbes Magazine - 400 Richest People in America
Events
Speaker
Tiger 21 Headliner Series

The TIGER 21 Headliner Series is a premier speaking venue that attracts some of the world’s most prominent thought leaders.

Speaker
New York City, NY
The International Insolvency Institute 9th Annual Conference

Speaker
2018 World Economic Forum Annual Meeting

Other Affiliations

Wilbur Ross is affiliated with United States Department of Commerce, SpiceJet Ltd., INVESCO Private Capital, Inc., Rothschild, Inc., Homeward Residential, Inc., Nippon Investment Partners LP, WL Ross Group LP, BankUnited, Inc., Nexeo Solutions, Inc., International Textile Group, Inc., International Automotive Components Group, S.A. , International Automotive Components Group Ltd., International Coal Group, Inc., International Steel Group, Inc., WL Ross & Co. LLC, New York Office of the Mayor, Rudy Giuliani, Nexeo Solutions, Inc., EXCO Production (WV) LLC, Bank of Cyprus Holdings Plc, Bank of Cyprus Public Co., Ltd., International Automotive Components Group LLC, Bank of Ireland, Diamond S Shipping Group, Inc., Ocwen Financial Corporation, NBNK Investments Plc, EXCO Resources, Inc., Navigator Holdings Ltd., Air Lease Corp., Sun Bancorp, Inc., Talmer Bank and Trust, Sun National Bank (Mount Laurel, New Jersey), Talmer Bancorp, Inc., BankUnited, NA, Clarent Hospital Corp., BankUnited, Inc., Greenbrier Cos., Inc., Plascar Participações Industriais SA, Assured Guaranty Ltd., ArcelorMittal NV, Cone Mills Corp., Montpelier Re Holdings Ltd., Safety Components International, Inc., Mittal Steel Co. NV, International Textile Group, Inc., ArcelorMittal SA, International Coal Group, Inc., ISG, Inc., ICG, Inc., Burlington Industries, Inc., Ohizumi Mfg. Co., Ltd., International Steel Group, Inc., WL Ross & Co. LLC, Trinity Place Holdings, Inc., Casella Waste Systems Inc., News Communications. Inc., Invesco Ltd., Homeward Residential, Inc., International Automotive Components Group North America, Inc., Nanotex LLC, Nexeo Solutions LLC, DSS Holdings LP, International Auto Components Group SL, International Automotive Components Group Brazil LLC, VTG AG, TongYang Life Insurance Co., Ltd., Wagon Plc, Oxford Automotive Europe ApS, U.S. India Business Council, The US Russia Investment Fund, Nikko Electric Industry Co., Ltd., Iacna Korea, Inc., John Deere Electronic Solutions, Inc., IAC US Holdings, Inc., OCM Ltd., PB Materials Holdings, Inc., International Automotive Components Group GmbH, International Automotive Group North America LLC, Phoenix International Holdings, Inc., Stankiewicz International Corp., Insuratex Ltd., IAC Acquisition Corp. Ltd., Briarcliffe, Inc., Iacna International, Inc., IAC Mexico Holdings, Inc., IAC Asia Holdings, Inc., INVESCO Private Capital, Inc., Nippon Investment Partners LP, IPE-Ross Management Ltd., Diamond S Management LLC, Compagnie Européenne de Wagons S.à.r.l., Marquis Who's Who LLC, American Home Mortgage Servicing, Inc. - Maryland, Taiyo Pacific Partners LP, OCM Pvt Ltd., The Preservation Foundation of Palm Beach, Inc., ArcelorMittal (Private Equity), Masters Capital Nanotechnology Fund LP, Invesco Partnership Fund VI LP, International Automotive Components Group Ltd., Phoenix International Insurance Co., The Magritte Museum, Turbo Ride SL, Blue Ocean Re Holdings Ltd., International Automotive Components Group, S.A. , The Japan Society of New York, The Brookings Institution, Palm Beach Firefighters Retirement Fund, Smithsonian Institution National Board, Whitney Museum of American Art, The Partnership for New York City, Museum of American Finance, Yale University - Yale School of Management, Turnaround Management Association, Harvard University - Harvard Business School, Palm Beach Civic Association, Committee On Capital Markets Regulation, The British & American Business, Inc. of New York & London, Harvard Business School Club of New York, Yale University, Business Roundtable, The Blenheim American Foundation, Harvard University - Committee on University Resources