Mellody Hobson, president of Chicago-based investment firm Ariel Investments will be named the vice chairman of Starbucks following the departure of Executive Chairman Howard Schultz on June 26.
Hobson is a Chicago native who has worked her way up after joining Ariel as a college intern in the 90’s. She went on to become the company’s vice president of marketing, then a senior vice president to eventually being the president of the entire firm. She has been a member of Starbucks’ board of directors since 20015 and has served on the boards of Estee Lauder, DreamWorks Animation, and Groupon.
Financial literacy has been the main focus of Hobsons community outreach. She also serves as chair on the board of directors of The Economic Club of Chicago and the After School Matters program.
Mellody Hobsons story is inspiring because it shows that you can work your way up and get a seat at the table.
Congrats Mellody Hobson!