Starbucks’ board of directors is getting a pair of new directors with some extensive experience.
The coffee shop giant on Thursday named Marissa Mayer and Dambisa Moyo to its board of directors.
Mayer is the CEO and founder of technology startup Sunshine AI. She is the former CEO of Yahoo and spent 13 years with Google. She is currently on the boards of Walmart, AT&T and Hilton Hotels.
Moyo is the cofounder of Versaca Investments, a family office that focuses on growth investments globally. She has more than 30 years of experience analyzing macroeconomic and international affairs, having worked as the CEO of economics firm Mildstorm. She has also worked with Goldman Sachs and the World Bank.
The two new directors, whose terms were effective on Wednesday, “bring deep experience in areas that matter to our future, including technology, transformation and global affairs,” Starbucks CEO Brian Niccol said in a statement. “We have a strong board, and Dambisa and Marissa’s additional insights will be a big asset as we accelerate our Back to Starbucks strategy.”
Moyo and Mayer bring to 11 the number of Starbucks board members, including Ritch Allison, Andrew Campion, Beth Ford, Jorgen Vig Knudstorp, Neal Mohan, Daniel Servitje, Mike Sievert, Wei Zhang and Brian Niccol.
The new directors come amid major changes at the Seattle-based company over the past several months, including changes in menu, a reorganized corporate structure, several new executives, changes in pricing structure and in operations.
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