Mellody Hobson

Co-CEO and President

Ariel Investments

As Co-CEO, Mellody is responsible for management, strategic planning and growth for all areas of Ariel. Additionally, she chairs the board of Ariel Investments’ publicly traded mutual funds. Prior to being named Co-CEO, Mellody spent nearly two decades as Ariel’s President. In 2025, she founded Project Level® to change the game in women’s sports. Mellody co-founded Ariel Alternatives, LLC in 2021 and its inaugural private equity fund, Project Black® to scale minority-owned businesses. Beyond Ariel, she serves as a director of JPMorgan Chase and is the former chairman of Starbucks Corporation. Mellody was a long-standing board member of the Estée Lauder Companies and former board chair of DreamWorks Animation, overseeing the company’s sale in 2016. She is deeply committed to philanthropy and is a well-known advocate of financial literacy. Mellody published a New York Times bestselling children’s book, Priceless Facts about Money. She earned her AB from Princeton University’s School of Public and International Affairs.