Ben & Jerry's cofounder says Magnum is 'destroying' the brand [Yahoo! Finance]
Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL)
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Source: Yahoo! Finance
“They said that they're enhancing the social mission when they're actually destroying it,” Ben Cohen told CNBC . “They said that they're future-proofing the board of directors when they're actually dismantling it.” Magnum was split off from its previous parent company Unilever earlier this month and listed on stock exchanges in Amsterdam, London, and New York on Dec. 8. Since then, it has effectively kicked three members off the Ben & Jerry's independent board by setting a nine-year term limit on terms. Board chair Anuradha Mittal, a human rights advocate who has faced pressure to remove her by the parent company in the past, was one of those affected. Magnum said she no longer meets the criteria to be on the board after “internal investigations.” Mittal had previously said she had no intention of resigning from the ice cream company. Cohen called it “Orwellian” and “another desperate power grab.” He added: “Initially, they were trying to get rid of the chairman of the board, b
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- Ben & Jerry's giving away ice cream bars Dec. 17. See how to get one. [USA TODAY]USA TODAY
- ‘Orwellian': Ben & Jerry's founder tells CNBC he's alarmed by Magnum's board overhaul [CNBC]CNBC
UL
Sec Filings
- 12/15/25 - Form 6-K
- 12/12/25 - Form S-8
- 12/12/25 - Form S-8
- UL's page on the SEC website