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Starbucks named finance executive Mellody Hobson to lead its board as chair, making her one of the highest-profile Black directors in corporate America.
Hobson, co-chief executive officer of Ariel Investments, replaces Myron Ullman, who’s retiring. The transition will occur in March. Ullman was named chair and Hobson vice chair in 2018 when long-time Starbucks leader Howard Schultz stepped down from the coffee chain.
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