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Todd Ricketts - News Coverage

Official newsroom of Todd Ricketts, Deputy Commerce Secretary Nominee

Todd Ricketts, Cubs co-owner, picked to serve as deputy commerce secretary

If nothing else, the nomination of Ricketts, 47, represents a sharp turnaround in his family's political alliances.

Last year, Joe Ricketts, the patriarch of the family and founder of TD Ameritrade, helped finance the Our Principles political action committee, an anti-Trump effort that sought to derail the candidate's push for the GOP nomination. That prompted Trump to lash out at the family on Twitter in February.

At that time, many of the Rickettses were heavily invested in Wisconsin Gov. Scott Walker's bid for the White House. Todd Ricketts was a donor to a Walker-aligned super PAC, and the family's matriarch, Marlene Ricketts of Nebraska, donated $5 million to it. Walker withdrew from the race in September 2015.

But Todd Ricketts' allegiance shifted as Trump tightened his grip on the nomination.

In July, Ricketts was an at-large delegate for Trump in the Illinois delegation to the Republican National Convention and took part in fundraisers for his presidential candidacy.

He also became an influential factor for two groups that backed Trump: the Future45 super political action committee and the related 45 Committee, which does not have to disclose its donors.

Now, he finds himself on the cusp of joining the president-elect's administration.

A request for an interview with Ricketts was denied by a spokesman. In a statement, Ricketts said, "Advancing practical policies that promote economic opportunity is critical to making America great again."

His journey, though, was an unlikely one. Raised in Omaha as the youngest of four children, Ricketts, like his siblings, moved to Chicago to attend college. He earned a bachelor's in economics at Loyola University and later attended the University of Chicago's Booth School of Business.

But he left Booth before finishing his MBA requirements to work as a trader at a New York-based startup, Knight Securities.

Later, he went to work with his family's businesses, Ameritrade and Incapital, the latter started by his brother Tom.

In recent years, he has carved a more independent path, as the owner of Higher Gear, a bicycle store in Wilmette, a northern suburb where he lives with his wife, Sylvie Legere, and three children.

Todd Ricketts also serves in varied civic roles, joining neighbors four years ago to revive the worn-out Evanston Wilmette Community Golf Course, and serving as a board member of the National WWII Museum in New Orleans, which was founded by the late historian Stephen Ambrose.

Todd Ricketts has been picked by president-elect Donald Trump to be deputy commerce secretary.

Full story: Chicago Tribune

Todd Ricketts