(AP Photo/Ted S. Warren)Investment firm president Mellody Hobson will be the first black woman to chair the board of directors of the Economic Club of Chicago.
Businesswoman Mellody Hobson new board chair of Economic ClubStarbucks CEO Howard Schultz, right, applauds after Mellody Hobson, left, president of Ariel Investments and a member of Starbucks Coffee Company’s Board of Directors, spoke Wednesday, March 18, 2015 at Starbucks’ annual shareholders meeting in Seattle.
The 90-year-0ld civic organization announced Monday night that Hobson, president of Ariel Investments, has been selected chair, effective July 1.
“It is an honor to be selected as chair of this esteemed organization,” Hobson said in a statement.
The economic club describes her as a “nationally recognized voice on financial literacy and investor education.”“The Club has 90 years of history filled with dynamic discussion among some of the world’s most critical thinkers,” Gordon said.
As it stated in
Ariel Investments President Mellody Hobson will become the first African-American woman to chair the Economic Club of Chicago.
Hobson also serves on the boards of Starbucks and Estee Lauder; provides financial commentary for CBS News and the nationally syndicated “Tom Joyner Morning Show”; and is chairman of Chicago nonprofit After School Matters, which organizes activities for Chicago teens.
The business and civic club announced Hobson’s appointment as chair at its annual dinner meeting tonight.
Hobson joined the club some 20 years ago, at the time becoming one of its youngest members ever.
Other appointees named tonight were Reeve Waud, founder and managing partner of Waud Capital Partners, as first vice chair for programs; and Elizabeth Connelly, industry head of health care, higher education and nonprofit banking at JPMorgan Chase, as second vice chair for forums.
As it stated in
Mellody Hobson to chair Economic Club of Chicago, first black woman in post
Ariel Investments President Mellody Hobson will become the first African-American woman to chair the Economic Club of Chicago — and the second woman in a row to chair the 90-year-old organization.
Economic Club chairs are selected by past chairs of the members-only organization and serve two-year terms.
Hobson’s colleague at Ariel, Chairman and CEO John W. Rogers Jr., was named the first African-American chair of the Economic Club in 2009.
Hobson has been an Economic Club member for almost 21 years, Zarcone said.
Hobson, 48, will assume her new position July 1, taking over for the club’s first woman chair, Ilene Gordon, who is chairman, CEO and president of food ingredient-maker Ingredion.