UPDATE 1-JPMorgan names Mellody Hobson to board

(Adds ages and other details for Hobson and Bowles)

March 20 (Reuters) - JPMorgan & Chase Co has appointed Mellody Hobson, the president of Chicago-based investment firm Ariel Investments LLC, to its board of directors, the Wall Street bank said https://www.jpmorganchase.com/corporate/investor-relations/pr/mellody-hobson-032 0 1 8 . h t m on Tuesday.

Crandall Bowles, 70, will retire from the board and will not stand for re-election. Bowles, chairman emeritus of the Springs Company, has been a JPMorgan director since 2006.

Hobson, 48, also serves on the boards of Starbucks Corp and Estee Lauder Companies Inc. She speaks frequently about financial literacy and is a regular commentator for media outlets. (Reporting by Parikshit Mishra in Bengaluru and David Henry in New York; Editing by Meredith Mazzilli)