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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMellody 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 companys 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 Joyners 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 Chases 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 companys 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 Joyners 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 Chases board of directors in March....
http://www.blackenterprise.com/mellody-hobson-starbucks-vice-chair/#.WxXg4BACdPk.facebook
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Mellody Hobson to Become Starbucks Vice Chair When Howard Schultz Steps Down (Original Post)
mia
Jun 2018
OP
I don't know what starbucks is thinking...the guy coming on ran Penny's into the ground.
Demsrule86
Jun 2018
#1
Demsrule86
(68,869 posts)1. I don't know what starbucks is thinking...the guy coming on ran Penny's into the ground.
mia
(8,363 posts)3. Hobson has a much better business record.
They should make her the new Chairman.
Demsrule86
(68,869 posts)5. Exactly right. The Penny's guy practically bankrupted Penny's who may still not survive...he tried
make it like and apple or gateway store.When is the last time you saw either of those stores in mainstream America? Talking about the old time computer stores.
JI7
(89,290 posts)2. She must be one of those types that always likes to work
What are you implying here?
edbermac
(15,953 posts)6. Isn't she married to George Lucas?