Business

Tellabs CFO resigns to take DeVry position

Posted December 13, 2011 11:00 pm

PRNewswire

Naperville-based Tellabs Executive Vice President and Chief Financial Officer Timothy J. Wiggins is resigning Dec. 30 to become chief financial officer at Oak Brook-based DeVry Inc.

Wiggins, 55, had served as Tellabs' CFO since joining the company in 2003.

Tellabs plans to conduct a search for a new chief financial officer, including internal and external candidates. In the interim, Tom Minichiello, Tellabs vice president, finance and chief accounting officer, will serve as acting CFO.

“We appreciate Tim's service to Tellabs as a leader and strategic partner. He's built a strong finance team that has successfully focused on lowering costs and preserving the strong financial position we need to be successful in the future,” said Rob Pullen, Tellabs CEO and president. “We wish him well for the future.”

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