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Mellody Hobson to Become Starbucks Vice Chair When Howard Schultz Steps Down
Mellody Hobson, one of the most respected and knowledgeable black business leaders, will move up to the role of vice chair at Starbucks when longtime chairman Howard Schultz steps down at the end of the month.
After Starbucks’ tumultuous year, marked with the scandal of the arrest of two black men at one of its Philadelphia stores, Howard Schultz announced today that he will be relinquishing his role as chairman at the company he has run for the past three decades. While Myron E. Ullman, the former chairman of J.C. Penney, will take over as the company’s new chairman, Hobson, who has been a director on the board, will now take over the role of vice chair, making her one of the very few African Americans in history to occupy such a role at a Fortune 500 company....
Beyond her work at Ariel Investments, Hobson is a nationally recognized voice on financial literacy and investor education. She has been a financial contributor on Good Morning America, the featured consumer finance expert on Tom Joyner’s Money Mondays radio program, and a regular columnist for Black Enterprise.
Hobson has also been a director at a number of public companies and institutions: DreamWorks Animation, GroupOn, The Estée Lauder Companies Inc., and Starbucks Corporation. She has also served on the boards of various civic organizations including the Field Museum, the Chicago Public Education Fund, and the Sundance Institute. She was the first African American woman to head The Economic Club of Chicago. And she was elected to JP Morgan Chase’s board of directors in March....
After Starbucks’ tumultuous year, marked with the scandal of the arrest of two black men at one of its Philadelphia stores, Howard Schultz announced today that he will be relinquishing his role as chairman at the company he has run for the past three decades. While Myron E. Ullman, the former chairman of J.C. Penney, will take over as the company’s new chairman, Hobson, who has been a director on the board, will now take over the role of vice chair, making her one of the very few African Americans in history to occupy such a role at a Fortune 500 company....
Beyond her work at Ariel Investments, Hobson is a nationally recognized voice on financial literacy and investor education. She has been a financial contributor on Good Morning America, the featured consumer finance expert on Tom Joyner’s Money Mondays radio program, and a regular columnist for Black Enterprise.
Hobson has also been a director at a number of public companies and institutions: DreamWorks Animation, GroupOn, The Estée Lauder Companies Inc., and Starbucks Corporation. She has also served on the boards of various civic organizations including the Field Museum, the Chicago Public Education Fund, and the Sundance Institute. She was the first African American woman to head The Economic Club of Chicago. And she was elected to JP Morgan Chase’s board of directors in March....
http://www.blackenterprise.com/mellody-hobson-starbucks-vice-chair/#.WxXg4BACdPk.facebook
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