Starbucks Corp has named vice chair Mellody Hobson as the head of its board.
She is taking over as a non-executive chair from Myron Ullman, who is retiring in March.
15 Years Of Service
Hobson, co-chief executive officer of asset manager Ariel Investments LLC, was named vice chair in 2018 and has served on Starbucks' board for over 15 years.
Hobson also serves as a director at JPMorgan Chase, was a director at Estee Lauder Cos, and chaired DreamWorks Animation's board until its sale.