(Reuters) – Coffee giant Starbucks (NASDAQ:SBUX) said on Thursday that Mellody Hobson, the lead independent director of the company’s board, will depart.
Hobson previously served as chair of the board from March 2021 to September 2024 and has been with the company for almost two decades.
“In two decades, I have never sold a single Starbucks share and plan to remain a steadfast investor,” Hobson said in a letter to shareholders.
She assumed the role of lead independent director along with CEO Brian Niccol in September last year.
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