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Ben & Jerry's ousts board chair Mittal as it sets new term limits
Ben & Jerry's introduces a nine-year term limit removing three long-serving independent board members to protect its social mission amid ownership changes, affecting governance.
- On Dec 15, Ben & Jerry's ousted Anuradha Mittal, chair of its independent board, and set nine-year term limits ending Daryn Dodson's and Jennifer Henderson's terms on December 31.
- The spinoff from Unilever prompted an independent audit of the Ben & Jerry's Foundation, and The Magnum Ice Cream Company supports governance steps to preserve the brand's mission.
- The foundation's trustees responded that they declined changes to address financial control deficiencies and warned the Ben & Jerry's Foundation's $5 million in annual funding is now in doubt.
- Ben Cohen warned that the departures are a power grab to silence Ben & Jerry's social mission, while Jerry Greenfield's September exit deepened the dispute with Unilever and Magnum.
- The independent board was created in 2000 as part of the Unilever deal to protect Ben & Jerry's social mission, and three directors have been notified they are ineligible to serve going forward after the 2021 decision regarding Israeli-occupied territories.
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The Magnum Ice Cream Company has ousted the chairman of its subsidiary Ben & Jerry's, the Financial Times reports, citing sources.
·Amersfoort, Netherlands
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Coverage Details
Total News Sources14
Leaning Left2Leaning Right0Center7Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
L 22%
C 78%
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