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Starbucks names Mellody Hobson board chair - the first Black woman in the role

Dec 09, 2020 - CNN
Board and Executive Moves

NEW YORK (CNN Business) -- Starbucks has named Mellody Hobson the new chair of its board of directors, the first Black woman in that role at the company.

Hobson, who is co-CEO of the asset management firm Ariel Investments, will step into the position in March. She has been a Starbucks director since 2005 and will replace Myron E. Ullman, III, who has served as chair since 2018.

The announcement comes as major companies face mounting criticism for a lack of diversity on their corp...