Since 1953, Atlantic tropical storms have been named from lists originated by the National Hurricane Center.
They are now maintained and updated by an international committee of the World Meteorological Organization. The original name lists featured only women's names. In 1979, men's names were introduced and they alternate with the women's names. Six lists are used in rotation. Thus, the 2015 list was last used in 2009.
Experience shows that the use of short, distinctive given names in written as well as spoken communications is quicker and less subject to error than the older more cumbersome latitude-longitude identification methods. These advantages are especially important in exchanging detailed storm information between hundreds of widely scattered stations, coastal bases, and ships at sea.
The only time that there is a change in the list is if a storm is so deadly or costly that the future use of its name on a different storm would be inappropriate for reasons of sensitivity. If that occurs, then at an annual meeting by the WMO committee (called primarily to discuss many other issues) the offending name is stricken from the list and another name is selected to replace it.
The lists are re-cycled every six years, i.e., the 2015 list will be used again in 2021. Several names have been changed since the lists were created. Here is more information about retired hurricane names.