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Starbucks’ Lead Independent Director, Melloda Hobson, is stepping down from her post after nearly 20 years with the coffee giant.

Chicago business owner Mellody Hobson will step down from her position as lead independent director of Starbucks’ board of directors, the coffee giant said in a statement on its website. Hobson serves as co-CEO and president of Ariel Investments in Chicago.

Mellody Hobson’s resignation as lead independent director of the Starbucks Corporation Board marks the end of an era for the company

Mellody Hobson said she won’t seek reelection to the board, capping a two-decade tenure that included recruiting a new chief executive officer last year to turn the company around.In a letter dated Jan.

The longtime board member last year ceded the chairman title to Brian Niccol and was instrumental in recruiting him to the coffee shop

Mellody Hobson, Starbucks’ lead independent director and former chair of the board, announced her retirement after serving the company for the past two decades.

The lead independent director and former chair of the board at Starbucks, Mellody Hobson, isn't standing for reelection at the coffee chain's upcoming annual shareholder meeting. Seattle-based Starbuc

Coffee giant Starbucks said on Thursday that Mellody Hobson, the lead independent director of its board, will depart after a tenure of nearly two decades with the company.

Mellody Hobson is exiting her board role at Starbucks. Hobson is well regarded for her efforts at Ariel Investments, a global value-based asset management firm, where she is responsible for management,