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Starbucks names finance executive Mellody Hobson as board chair
The position makes her the first Black woman in the role
Starbucks to lead its board as chair.
Hobson, 51, will replace
Myron Ullman III, who retired in March after serving on Starbucks’ board from 2003 and 2018 as chairman.
Bloombergnotes that the position makes Hobson the first Black woman in the role, and one of the highest-profile directors of color in corporate America.
As an intern, she joined Ariel Investments, which manages nearly 13 billion in assets. Hobson was ultimately elevated to senior vice president and director of marketing. She’s currently working as a director for JPMorgan Chase, and previously served as a board member for Estee Lauder and DreamWorks Animation.