Ben & Jerry's ousts board chair Mittal as it sets new term limits [BNN Bloomberg (Canada)]
Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
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Source: BNN Bloomberg
Anuradha Mittal, who joined the Ben & Jerry's board in 2007, serving as chair since 2018, said this month she had no plans to resign under pressure from the then Ben & Jerry's owner Unilever (ULVR.L), calling efforts to remove her an attempt by Unilever to “undermine the authority of the board itself.” The Cherry Garcia ice cream maker is now owned by The Magnum Ice Cream Company MICC.AS, after a spinoff from Unilever last week that created the world's largest standalone ice cream company, commanding around a fifth of the US$87 billion global market. Directors notified of ‘ineligibility to serve' Ben & Jerry's, whose 2000 merger agreement with Unilever created an independent board and preserved the brand's social mission and charitable work, said in a statement that any director who has served more than nine years on the board would not be eligible for annual re-election in 2026. “Two directors were notified today that they will no longer be eligible to serve on the board goi
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