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.
SOURCE ⇒ BLACKENTERPRISE
