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Starbucks elects two directors to board

Published by Global Banking & Finance Review

Posted on June 26, 2025

1 min read

· Last updated: January 23, 2026

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(Reuters) -Starbucks said on Thursday it had elected economist Dambisa Moyo and Marissa Mayer, CEO of an AI startup, to its board, effective June 25. These appointments come as the coffee giant

Starbucks elects two directors to board

(Reuters) -Starbucks said on Thursday it had elected economist Dambisa Moyo and Marissa Mayer, CEO of an AI startup, to its board, effective June 25.

These appointments come as the coffee giant doubles down on its "Back to Starbucks" strategy, a push to revitalize customer experience and partner engagement while leveraging digital tools.

The company, which has been navigating a turnaround under CEO Brian Niccol, has also been working towards reaccelerating stores while paring down on promotions and discounts.

Niccol said the new directors offer expertise in "technology, transformation, and global affairs" that will be key to the company's next phase of growth.

With the additions, Starbucks' board now includes 11 members.

(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Maju Samuel)

Key Takeaways

  • Starbucks elects Dambisa Moyo and Marissa Mayer to its board.
  • The appointments aim to enhance Starbucks' growth strategy.
  • Focus on technology, transformation, and global affairs.
  • Part of the 'Back to Starbucks' revitalization strategy.
  • Starbucks' board now has 11 members.

Frequently Asked Questions

Who were the new directors elected to Starbucks' board?
Starbucks elected economist Dambisa Moyo and Marissa Mayer, CEO of an AI startup, to its board.
What is the purpose of Starbucks' 'Back to Starbucks' strategy?
The strategy aims to revitalize customer experience and partner engagement while leveraging digital tools.
How many members are currently on Starbucks' board?
With the new appointments, Starbucks' board now includes 11 members.
What expertise do the new directors bring to Starbucks?
The new directors offer expertise in technology, transformation, and global affairs, which are key to the company's next phase of growth.
Who is the current CEO of Starbucks?
The current CEO of Starbucks is Brian Niccol, who is overseeing the company's turnaround efforts.

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