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Company Board of Directors
Paget Alves

Paget Alves

Former Chief Sales Officer
Sprint Communications Corporation
Paget served as chief sales officer for Sprint Communications Corporation from 2012 to 2013 after serving as president of the Business Markets Group since 2009. During his 14 year career at Sprint, he held several senior executive positions including senior vice president of Enterprise Markets and president of Strategic Markets. Prior to Sprint, Paget served as president and chief executive officer of PointOne Telecommunications as well as president and chief operating officer of Centennial Communications. He serves on the boards of Yum! Brands, Synchrony Financial, and International Game Technology. Paget earned a Bachelor of Science degree in Industrial and Labor Relations and a Juris Doctor degree from Cornell Law School.

Charles K. Bobrinskoy

Vice Chairman, Head of Investment Group
Ariel Investments
Charlie manages our focused value strategy—an all-cap, concentrated portfolio of U.S. stocks. He also spearheads Ariel’s thought leadership efforts and takes an active role in representing Ariel’s investment strategies with prospective investors, clients and major media. Prior to joining Ariel in 2004, Charlie spent 21 years as an investment banker at Salomon Brothers and its successor company Citigroup, where he rose to managing director and head of North American investment banking branch offices. Charlie actively serves the Chicago community, sitting on the corporate boards of State Farm Mutual Automobile Insurance Company and InnerWorkings, Inc., as well as the boards of the Museum of Science and Industry, the Abraham Lincoln Presidential Library Foundation Board, the Big Shoulders Fund and the Chicago Club. He also teaches monthly investing classes at two Chicago inner-city schools. Charlie graduated with an AB in economics from Duke University and earned an MBA from the University of Chicago.
Martijn Cremers

Martijn Cremers, PhD

Bernard J. Hank Professor of Finance
University of Notre Dame
Professor Cremers has been on the faculty of the University of Notre Dame’s Mendoza College of Business since 2012. Previously, he served on the faculty of the Yale School of Management for 10 years. His paper, “How active is your fund manager? A new measure that predicts performance” (published in 2009 in the Review of Financial Studies) introduced “Active Share”, a new measure of active management. This innovative measurement is based on a comparison of fund holdings versus those of its benchmark and has become widely adopted throughout the financial industry. Professor Cremers’ academic work has also been published in top academic journals such as the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics. He has an undergraduate degree in Econometrics from the VU University Amsterdam and earned his PhD in Finance from the Stern School of Business at New York University.
Arne Duncan

Arne Duncan

Managing Partner
Emerson Collective
As managing partner at Emerson Collective, former U.S. Secretary of Education Arne Duncan returns to Chicago on a mission to improve the lives of at-risk young adults in his hometown. Established by Laurene Powell Jobs, Emerson Collective centers its work on education, immigration reform, the environment and other social justice initiatives. Prior to joining the Obama Administration, Arne served as chief executive officer of Chicago Public Schools. From 2001 to 2008, he won praise for uniting the city’s stakeholders behind an education agenda that included opening 100 new schools; expanding after-school, summer learning, early childhood, and college access programs; and building public-private partnerships around a variety of education initiatives. Arne graduated magna cum laude from Harvard University in 1987, majoring in sociology.
Mellody Hobson

Mellody Hobson

Ariel Investments
Chair of the Board of Trustees
Ariel Investment Trust
Mellody is responsible for firm-wide management and strategic planning, overseeing all operations outside of research and portfolio management. Additionally, she serves as chairman of the board of trustees for Ariel Investment Trust. Beyond her work at Ariel, Mellody has become a nationally recognized voice on financial literacy and investor education. She is a regular contributor and analyst on finance, the markets and economic trends for CBS News. She also contributes weekly money tips on the Tom Joyner Morning Show and pens a column for Black Enterprise magazine. As a passionate advocate for investor education, she is a spokesperson for the Ariel/Hewitt Study: 401(k) Plans in Living Color and the Ariel Black Investor Survey, both of which examine investing patterns among minorities. Mellody is vice chair of the Board of Starbucks Corporation and a director of JPMorgan Chase. Her community outreach includes serving as chairman of After School Matters, a non-profit that provides Chicago teens with high-quality, out-of-school time programs. She is chair of The Economic Club of Chicago’s board of directors, co-chair of the Lucas Museum of Narrative Art, and a board member of the George Lucas Education Foundation. She is also a member of the American Academy of Arts and Sciences, The Rockefeller Foundation Board of Trustees, and serves on the executive committee of the Investment Company Institute’s board of governors. Mellody earned her AB from Princeton’s Woodrow Wilson School of International Relations and Public Policy. In 2019, Mellody was awarded Princeton University’s highest honor, the Woodrow Wilson Award, presented each year to the alumnus or alumna whose career embodies a commitment to national service. She has also received honorary doctorate degrees from Howard University, St. Mary’s College, University of Southern California and Johns Hopkins University.
Valerie Jarrett

Valerie Jarrett

Former Senior Advisor to President Barack Obama
Valerie is a Senior Distinguished Fellow at the University of Chicago Law School. She serves on the boards of 2U and Lyft, and is a senior advisor to the Obama Foundation as well as ATTN:, a Los Angeles-based media firm. Valerie was the longest serving Senior Advisor to President Barack Obama, and she championed the creation of equality and opportunity for all Americans as she oversaw the Offices of Public Engagement and Intergovernmental Affairs and chaired the White House Council on Women and Girls. Valerie has a background in both the public and private sectors: she served as the Chief Executive Officer of The Habitat Company in Chicago, Chairman of the Chicago Transit Board, Commissioner of Planning and Development, and Deputy Chief of Staff for Chicago Mayor Richard M. Daley. Valerie serves as Board Chair of When We All Vote and Co-Chair of The United State of Women, and has served as the director of numerous corporate and not-for-profit boards including Chairman of the Board of the Chicago Stock Exchange, Chairman of the University of Chicago Medical Center Board of Trustees, and Director of the Federal Reserve Bank of Chicago. She received her B.A. from Stanford University in 1978 and her J.D. from the University of Michigan Law School in 1981.

John W. Rogers, Jr.

Chairman & Chief Executive Officer
Ariel Investments  
John’s passion for investing began at age 12, when his father began buying him stocks as Christmas and birthday gifts. His interest in equities grew at Princeton University, where he majored in economics, and over the two-plus years he worked as a stockbroker for William Blair & Company, LLC. In 1983, John founded Ariel Investments to employ a patient, value strategy in small and medium-size companies. He is a member of the board of directors of McDonald’s, NIKE, The New York Times Company and serves as vice chair of the board of trustees of the University of Chicago. Nationally, John is a member of the American Academy of Arts and Sciences, and a director of the Robert F. Kennedy Human Rights. In 2008, John was awarded Princeton University’s highest honor, the Woodrow Wilson Award, presented each year to the alumnus or alumna whose career embodies a commitment to national service. Following the election of President Barack Obama, he served as co-chair for the Presidential Inaugural Committee 2009, and more recently, he joined the Barack Obama Foundation’s Board of Directors. In 2013, John was featured alongside legendary investors Warren Buffett, Sir John Templeton and Benjamin Graham in the distinguished book: The World’s 99 Greatest Investors by Magnus Angenfelt. John received an AB in economics from Princeton University, where he was also captain of the varsity basketball team.

Robert I. Solomon

Software Platform Consulting, Inc.
Bob is the CEO of Software Platform Consulting, Inc. (SPCI), a company specializing in helping software companies build cloud-based, multi-sided platforms. Prior to joining SPCI, Bob served in a variety of senior leadership roles for ServiceChannel, Ariba, Inc., The Silliker Laboratories Group, Inc. and The NutraSweet Company. He began his career at The Boston Consulting Group. He is a board member of several software companies, including Bamboo Rose LLC, LeaseAccelerator, Eved LLC, and XSB, Inc. Bob graduated summa cum laude from Princeton University with an AB in economics. He received his MBA from Stanford University Graduate School of Business where he was an Arjay Miller Scholar.
Heather Tookes

Heather Tookes, PhD

Professor of Finance
Yale School of Management
Professor Tookes has been on the faculty of Yale School of Management since 2004. She has held a number of academic posts at Yale, including Associate Professor of Finance, and Assistant Professor of Finance. Prior to Yale, she was a Visiting Assistant Professor of Finance at Cornell University’s Johnson Graduate School of Management. Much of Professor Tookes’ research focuses on understanding the ways in which credit market frictions can impact firms’ financing decisions. In another line of work, Professor Tookes has linked firms’ competition in product markets to various aspects of corporate finance, including a recent paper that identifies the effects of initial public offerings on rival firms. Professor Tookes received her BA in Economics from Brown and her PhD in Finance from Cornell. She is a member of the FINRA Economic Advisory Committee.

David J. Vitale

Urban Partnership Bank
David is the chairman of Urban Partnership Bank. Prior to that, he served as chief administrative officer and senior advisor to the CEO of the Chicago Public Schools. Previously, he was president of the Chicago Board of Education, president and chief executive officer of the Chicago Board of Trade, and a former vice chairman and director of Bank One Corporation. David also serves as trustee of the Glenwood School for Boys; the Museum of Science and Industry; the YMCA of Metropolitan Chicago; and vice chairman of the board of The Art Institute of Chicago. He is a graduate of Harvard University and earned an MBA from The University of Chicago.

Paula Wolff

Illinois Justice Project
Paula serves as Director of the Illinois Justice Project, a civic organization implementing policy initiatives and programs to improve the justice system. Formerly, she served as president of Governors State University and director of policy for Governor James R. Thompson. She has taught public policy at Governors State University and Irving B. Harris School of Public Policy at the University of Chicago. Paula has a BA from Smith College, as well as an MA and a PhD from the University of Chicago in political science. She serves on various boards including Vice President of the Chicago Police Board, the University of Chicago Medical Center, the University of Chicago, the Johnson Foundation, the Metropolitan Planning Council and the Joyce Foundation, and recently chaired the Illinois Tollway and Chicago City College Boards.
Company Board of Directors
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