World Business Chicago has traditionally focused on high-impact developments downtown and at O’Hare Airport, so how Hobson accommodates Lightfoot’s vision may be a challenge, Hill said.
The mayor lauded Hobson as a “distinguished executive in the business world and a dedicated servant to her community” who will “bring a wealth of experience to WBC’s work as a major driver of business growth for all of Chicago.” WBC’s 87-member board consists of Chicago corporate and civic elite.
So some may be surprised that Lightfoot on Thursday announced she was naming Hobson vice chair of World Business Chicago, the public-private agency that works for job growth, particularly from corporate relocations.
But the move was a testament to Hobson’s deep connections in corporate boardrooms.
Some may be surprised that Lightfoot on Thursday announced she was naming Mellody Hobson vice chair of World Business Chicago, the public-private agency that works for job growth, particularly from corporate relocations.
Mayor Lori Lightfoot has appointed business leader Mellody Hobson to steer the work of the city’s leading economic development group, but it wasn’t long ago that Hobson sounded like she’d rather put Chicago in her rear-view mirror.
The mayor is the chair, but the vice chair, appointed by the mayor, traditionally runs the board.
Andrea Zopp will continue as the organization’s CEO, which gets 20 percent of its funding from City Hall.
If there was any friction remaining over the Lucas Museum, it didn’t show up in public statements about her appointment.
Hobson will succeed Michael Sacks, who was vice chair for eight years. “Mellody is a phenomenal choice and will be a great partner for Mayor Lightfoot, for Andy Zopp and for the entire team at WBC,” Sacks said.
He’s the chairman of private equity firm GCM Grosvenor, a longtime fundraiser for Emanuel and a major investor in the Sun-Times.
Hobson urged students to examine their own emotions about money and the role it plays in their lives.
Learning the best way to plan for retirement or invest can scare people who feel they aren’t equipped to make responsible decisions, she said.“I always tell people I know perfectly well why I work in the financial services industry,” Hobson said during the MBA for Executives Global Perspectives Colloquium on February 5.