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Mellody Hobson to chair Economic Club of Chicago, first black woman in post

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Black Women in Business

Mellody Hobson to chair Economic Club of Chicago, first black woman in post

Ariel Investments President Mellody Hobson will become the first African-American woman to chair the Economic Club of Chicago — and the second woman in a row to chair the 90-year-old organization.

Hobson, 48, will assume her new position July 1, taking over for the club’s first woman chair, Ilene Gordon, who is chairman, CEO and president of food ingredient-maker Ingredion. The incoming board is set to have 47 members, 16 of whom are women and 13 of whom are members of racial or ethnic minorities, said Donna Zarcone, president and CEO of the Economic Club, which works to connect Chicago’s leaders.

“When you have great diversity on the board, you have better decision-making and better results,” Zarcone said.

Hobson has been an Economic Club member for almost 21 years, Zarcone said.

Besides helping helm Ariel, a minority-owned investment firm that has about $11.7 billion under management, according…

Please read the original article – Mellody Hobson to chair Economic Club of Chicago, first black woman in post

 

Chrysalis

I am a future butterfly at the stage of growth when I am turning into an adult. I am enclosed in a hard case shell formed by love, family, and friends. It is the hardest stage of becoming a black butterfly. You will encounter many hardships only to come out stronger and better than what you went in. At this stage, you are finding out who you truly are and how to love yourself.

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