Starbucks director Hobson to leave board after two-decade tenure
- Mellody Hobson, the lead independent director of Starbucks, will leave the board after nearly two decades, as announced by the company.
- Hobson was the chairwoman of Starbucks from March 2021 to September 2024, making her the only African American woman to chair a Fortune 500 company.
- Starbucks is facing challenges, including a decline in revenues and a drop in share price, leading to a change in its executive compensation plan.
- Hobson stated, 'In two decades, I have never sold a single Starbucks share and plan to remain a steadfast investor,' in her letter dated January 14.
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Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
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