Dambisa Moyo
STARBUCKSAbout Dambisa Moyo
Dambisa F. Moyo joined Starbucks as a non-employee director effective June 25, 2025. She is a global macroeconomist and co-principal of Versaca Investments (since 2021), previously CEO of Mildstorm LLC (2015–2021), with earlier roles at Goldman Sachs and the World Bank; she also serves on Chevron’s board and the board of Condé Nast, and previously served on the boards of SABMiller, Barclays, 3M, and Seagate Technologies . She holds a doctorate in economics from the University of Oxford . Starbucks’ FY25 Form 10‑K confirms her status as a director as of November 14, 2025 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Versaca Investments | Co‑principal | 2021–present | Family office focused on growth investing globally |
| Mildstorm LLC | Chief Executive Officer | 2015–2021 | Led financial and economics advisory firm |
| Goldman Sachs | Economist/various roles | Not disclosed | Prior to Mildstorm; macro/finance experience |
| World Bank | Economist | Not disclosed | Prior to Goldman; international development/economics |
External Roles
| Company/Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| Starbucks Corporation | Director | Jun 25, 2025–present | Committee assignments to be determined (Board expects to appoint later) |
| Chevron Corporation | Director | Current | Public company directorship confirmed; listed director in 2024 filing |
| Condé Nast (private) | Director | Current | Media company board service |
| 3M Company | Director | Prior | Audit Committee member; designated audit committee financial expert |
| Barclays Bank/PLC | Director | Prior | Public company board service |
| SABMiller | Director | Prior | Beverage industry; board service prior to acquisition |
| Seagate Technologies | Director | Prior | Public company board service |
| Barrick Gold Corporation | Director | Prior (2010s) | Served on Audit, Governance & Nominating, and Risk committees; 100% attendance on Audit in period shown |
Board Governance
- Status: Non-employee director; Starbucks disclosed no related-party transactions, no arrangements/understandings leading to her election, and no family relationships with directors/executives .
- Committee Assignments: To be determined; Board expects to appoint her to one or more committees later .
- Tenure at SBUX: Effective June 25, 2025; listed as director in FY25 10‑K signatures .
Fixed Compensation
| Type of Compensation (Non‑Employee Directors) | Amount | How Paid | Notes |
|---|---|---|---|
| Annual retainer | $130,000 | Lump-sum cash or fully‑vested RSUs (director election) | 2024 Plan Year; unchanged vs. 2023 |
| Annual equity grant | $180,000 | Fully‑vested RSUs | Immediate vesting; directors may defer into DSUs |
| Additional retainer — Lead Independent Director/Independent Chair | $185,000 | Cash or fully‑vested RSUs | If also a committee chair, only chair/lead retainer paid |
| Additional retainer — Audit Chair | $30,000 | Cash or fully‑vested RSUs | Recognizes workload |
| Additional retainer — Comp, Nominating/Governance, Impact Chairs | $20,000 | Cash or fully‑vested RSUs | Recognizes workload |
| New director proration | Prorated | Cash/RSUs per program | Moyo to receive prorated portion for the plan year |
Additional program features: No perquisites; compensation mix emphasizes equity; deferred stock unit program available .
Performance Compensation
| Performance Feature | Details |
|---|---|
| Performance-based equity for directors | None; directors do not receive performance-based equity awards |
| Director stock ownership guideline | 5× the portion of the annual retainer that can be paid in cash (excludes chair fees) |
| Deferral program | Directors may elect to defer RSU settlement into DSUs until separation or three years post-vesting |
Other Directorships & Interlocks
| Company | Current/Prior | Role/Committee Detail | Potential Interlocks/Notes |
|---|---|---|---|
| Chevron Corporation | Current | Director (public) | Energy sector; no SBUX related‑party transactions disclosed |
| Condé Nast | Current | Director (private) | Media; no SBUX related‑party transactions disclosed |
| 3M Company | Prior | Audit Committee; audit committee financial expert | Industrial; prior governance/audit expertise |
| Barrick Gold Corporation | Prior | Audit, Governance & Nominating, Risk Committees; 100% audit attendance period shown | Natural resources; risk and audit oversight experience |
| Barclays, SABMiller, Seagate | Prior | Director roles | Broad cross‑industry exposure |
No related‑party transactions with Starbucks requiring disclosure were identified at appointment; no special arrangements/understandings led to her election .
Expertise & Qualifications
- Macroeconomics, international affairs, capital allocation, and risk management; co‑principal of a global growth‑investing family office .
- Audit and financial oversight: Designated an audit committee financial expert at 3M; extensive audit committee experience (3M, Barrick) .
- Education: Doctorate (DPhil/PhD) in Economics from the University of Oxford .
Equity Ownership
| Metric | Status |
|---|---|
| SBUX beneficial ownership as of Jan 10, 2025 | Not applicable; Moyo was not a director and is not listed in the beneficial ownership table |
| Post‑appointment SBUX holdings | Not disclosed in available filings as of this analysis |
| Ownership guidelines | 5× cash retainer portion; compliance status for new director not yet disclosed |
| Deferral elections | Available via Deferred Compensation Plan for Non‑Employee Directors |
Governance Assessment
- Board effectiveness signal: Adds a seasoned macroeconomist with deep audit and risk oversight credentials (audit committee financial expert), strengthening Starbucks’ risk, finance, and global strategy oversight at the board level .
- Alignment and incentives: Director pay emphasizes immediately‑vested equity and robust stock ownership guidelines, aligning director interests with shareholders; no perquisites and no performance equity for directors mitigate pay‑for‑performance distortions at the board level .
- Independence/conflicts: Starbucks disclosed no related‑party transactions and no election arrangements for Moyo; she is a non‑employee director, reducing conflict risk; committee placements were pending at appointment .
- RED FLAGS: None identified in filings to date regarding related‑party transactions, attendance, or pay anomalies; attendance and ownership compliance will be assessable in the next proxy after her first partial year of service .