Starbucks Elects Two Board Members Including Former Yahoo CEO Mayer

Published: 2025-06-26 16:30:14 ET SBUX

Published on 06/26/2025 at 16:30

By Katherine Hamilton

Starbucks elected two new board members, including the former chief executive of Yahoo, Marissa Mayer.

Mayer is now chief executive of Sunshine AI, a technology startup she founded that automates everyday tasks. She led Yahoo for five years until 2017, overseeing the $1.1 billion acquisition of Tumblr and strong stock performance at the start of her tenure. She left when the company was bought by Verizon Communications.

Prior to Yahoo, she spent 13 years at Google. She is also on the boards of Walmart, AT&T and Hilton Hotels & Resorts.

The coffee chain also added Dambisa Moyo to the board, who is co-principal of Versaca Investments. She served as chief executive of the financial and economics firm Mildstorm from 2015 to 2021.

The women are joining as the company pushes ahead on its Back to Starbucks strategy, which Chief Executive Brian Niccol is spearheading to try to revitalize the in-store experience and return to the company's roots.

Write to Katherine Hamilton at [email protected]

(END) Dow Jones Newswires

06-26-25 1629ET