MILAN – Coffee chain Starbucks Corp on Wednesday named Vice Chair Melody Hobson as head if its board, making her the only African American woman to chair a Fortune 500 company.
She 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.
JEDDAH, Saudi Arabia – Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister of Defense, welcomed on Friday U.S. President Joe Biden at the Al – Salam Palace in Jeddah. Custodian of the Two Holy Mosques King Salman bin Abdulaziz is set to meet with Biden at the Al – Salam Palace. Biden had arrived … More Saudi Crown Prince Welcomes Biden At Al – Salam Palace In Jeddah
LONDON – Tunisia’s Ons Jabeur lifted the spirits of an entire continent as she became the first Arab and first African woman to reach the Wimbledon final with a rousing 6-2 3-6 6-1 victory over her barbecue buddy Tatjana Maria on Thursday. Before she stepped on court, American great Billie Jean King said Jabeur was … More Tunisia’s Jabeur Downs Maria To Become First Arab In Major Final
PARIS, France – Saudi Arabia’s Supreme Court has called on all Muslims in the Kingdom to sight the Dhu al – Hijjah crescent moon on Wednesday evening, the official Saudi Press Agency reported on Monday. The sighting of the moon marks the beginning of the Dhu Al – Hijjah Islamic month in which the Hajj … More Saudi Arabia Calls On Muslims To Sight Dhu Al – Hijjah Crescent Moon
PARIS, France – Saudi Arabia’s industry and Mineral Resources said on Friday the country would invest $3.4 billion in the vaccine and biomedical drugs sector, according to state news agency SPA. The Minister Bandar Alkhorayef, who heads the newly – established vaccines and biopharmaceutical industry committee, said the move is part of the kingdom’s push … More Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector
PARIS, France – Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Egypt on Monday and was welcomed by Egyptian President Abdel – Fattah el Sisi, state news agency SPA reported. The Crown Prince’s visit to Egypt is part of a tour that will include visiting Jordan and Turkey next. The visits were based on … More Saudi Arabia’s Crown Prince Arrives In Egypt, Will Visit Jordan And Turkey Next
PARIS, France – Saudi Crown Prince Mohammed bin Salman will visit Egypt on June 20 as part of a regional tour that includes stops in Jordan and Turkey, two diplomatic sources said on Saturday. Prince Mohammed will meet Egyptian President Abdel Fattah al – Sisi to discuss issues including the impact of the war in … More Saudi Crown Prince To Visit Egypt June 20 On Regional Tour
PARIS, France – Sheikh Mansour bin Zayed, the UAE’s deputy prime minister and minister of presidential affairs, on Wednesday launched the National Media Office. The unit is tasked with developing the media sector, legislation, regulations, and decisions on media development while also monitoring the implementation of legislation in coordination with the relevant authorities and administrative … More Sheikh Mansour Bin Zayed Establishes National Media Office in UAE
PARIS, France – Abu Dhabi state fund Mubadala and a fund managed by European buyout firm EQT have agreed to buy Envirotainer, a Swedish company which leases out cold containers for shipping temperature – sensitive healthcare products. Mubadala and the EQT X fund are buying the company from European buyout firm Cinven and Denmark life … More Abu Dhabi’s Mubadala And EQT Fund To Buy Sweden’s Envirotainer
WASHINGTON – The White House took the rare step of recognizing the role played by Saudi Arabia’s Crown Prince Mohammed bin Salman in extending a ceasefire in Yemen on Thursday ahead of what is expected to be a trip to Riyadh by President Joe Biden. White House press secretary Karine Jean – Pierre told reporters … More White House Praises Saudi Crown Prince Ahead Of Expected Biden Trip
MILAN – Italy’s top soccer league Serie A is in talks over a broadcast deal with state – backed Abu Dhabi Media and on a separate agreement to host its Super Cup in the emirate, three sources with knowledge of the matter said. Home to AC Milan, Juventus and other top clubs, Serie A is … More Soccer Serie A Seeks Abu Dhabi Deals On TV Rights, Italian Super Cup – Sources
PARIS, France – Russian Foreign Minister Sergei Lavrov will visit Saudi Arabia on Wednesday where he will meet with the foreign ministers of the Gulf Cooperation Council Countries (GCC), two Gulf officials said on Tuesday. Lavrov is expected to meet with ministers of Saudi Arabia, the United Arab Emirates, Oman, Kuwait, Bahrain and Qatar in … More Russia’s Lavrov To Meet With GCC Ministers In Riyadh On Wednesday – Officials
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