This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXMPEB350LC_M.jpgShe will replace Myron Ullman III, who is retiring in March.
Hobson, co-chief executive officer of asset manager Ariel Investments LLC, was named vice chair in 2018.
Earlier this year, the company had said it was targeting 30% representation of Black, Indigenous and People of Color (BIPOC) at all corporate levels by 2025.
The coffee chain is also hosting its biennial investor day later in the day.