Ariel Capital Management president Mellody Hobson has been nominated to join the board of directors of Tellabs, the Naperville, Ill-based communications infrastructure firm. With more than $8 billion in assets under management, Chicago-based Ariel Capital Management serves as the investment advisor to the Ariel Funds.

"As a respected member of the investment community, Mellody will play a key role in providing Tellabs with a strategic perspective of the overall market, said Michael Birck, Tellabs' chairman.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.