Ben And Jerrys Board Reshaped

Benzinga

Magnum Ice Cream removed three Ben & Jerry’s board members under new governance rules after its Unilever spinoff, escalating a long-running dispute over the brand’s social mission and independence.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Magnum Ice Cream Company removed three members from Ben & Jerry's independent board

00:07as it implemented new governance rules following its spinoff from Unilever.

00:12The policy caps board tenure at nine years, disqualifying Chair Anuradha Mittal

00:16and two long-serving directors from re-election in 2026.

00:22Magnum also imposed compliance with its code of business integrity,

00:25escalating a long-running dispute over Ben & Jerry's social mission.

00:28Co-founder Ben Cohen condemned the move as a power grab.

00:32Magnum inherited a governance dispute with Ben & Jerry's after its de-merger from Unilever

00:37as the board accused Unilever of blocking efforts to address issues,

00:41including a Gaza ceasefire and support for Palestinian refugees.

00:45Magnum shares rose Monday, though the company warned dividends are unlikely before 2027.

00:50For all things money, visit Benzinga.com.

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