Gratitude and appreciation to Mellody Hobson
as she steps down from the Starbucks board.
When Mellody Hobson sits in the Starbucks boardroom, she sees not only her fellow board members, but she also imagines a Starbucks partner (employee) and a shareholder at the table. It’s a reminder of all of those who would be impacted by the decisions made by the board.
Nearly 20 years after Starbucks founder Howard Schultz invited her to serve on the board, she announced Thursday that she intends to retire from the board. During her years on the board, she has served as vice chair, chair and, most recently lead independent director.
“With Brian Niccol firmly at the helm (after a dogged pursuit!), I am confident Starbucks is in excellent hands. For this reason, I now feel comfortable stepping away from the board and do not plan to stand for re-election,”
wrote Mellody in letter announcing her plan to retire from the board.
People have always been the heart and soul of Starbucks, and Mellody has worked tirelessly on behalf of partners, customers, farmers, communities and shareholders. She’s been not only a steward of Starbucks, but also a mentor to many, a visionary and fierce advocate. She’s been a steady presence, even – and especially – during times of hardship, such as the Covid-19 pandemic, always offering guidance and direction that made the lives of others better. Outside of Starbucks, she’s also the co-CEO, President, and Director of Ariel Investments, an investment management firm, and is highly sought after for her business acumen and perspective.
“Mellody embodies the best of Starbucks and lives our mission and values, which isn’t surprising given her role in helping build and shape the company and our culture,” wrote Brian Niccol, Starbucks chairman and chief executive officer, in a letter to partners.
All of us at Starbucks offer our profound thanks and gratitude to Mellody for her many years on the board and for her vision, influence and guidance. The ripples of her leadership will continue far into the future.
