By Alexander Marrow LONDON, Jan 30 (Reuters) - Directors removed from Ben & Jerry's independent board have challenged in a U.S. court filing The Magnum Ice Cream Company's plans to appoint new
Former Ben & Jerry's Board Members Contest Magnum's Director Appointments
Legal Challenge to Magnum's Board Appointments
By Alexander Marrow
Background of the Dispute
LONDON, Jan 30 (Reuters) - Directors removed from Ben & Jerry's independent board have challenged in a U.S. court filing The Magnum Ice Cream Company's plans to appoint new directors, accusing it of corporate overreach.
Statements from Former Directors
Unilever retains a 19.9% stake in Ben & Jerry's owner Magnum, which formed when the consumer goods conglomerate spun off its ice cream unit in December.
Magnum's Response
Since 2024, Vermont-based Ben & Jerry's and its independent board have fought Unilever, and now Magnum, in a U.S. District Court in New York over what they say are efforts to undermine the brand's social mission and the board's autonomy.
Ben & Jerry's Board Chair Anuradha Mittal was ousted in December after Magnum deemed her unfit to serve and five other directors have now left the board as Magnum introduced nine-year term limits and demanded compliance with its code of business integrity.
The relationship between Ben & Jerry's and its parent company began unravelling in 2021 when Ben & Jerry's said it would stop selling in the Israeli-occupied West Bank and deteriorating ties were a constant thorn in Magnum's side as it prepared to list.
Magnum, which had no immediate comment on Friday, has said it remains committed to supporting the Ben & Jerry's team and looks forward to the development of a "refreshed" board.
The former directors said in a statement accompanying a January 29 court filing that Magnum's assertion that it can appoint an independent board chair, as reported by the Wall Street Journal last week, was wrong.
"A chair appointed by the parent company is not independent—by definition," the former directors said, pointing out that only an independent board can appoint or remove independent directors.
"That authority was intentionally withheld from the parent company to ensure Ben & Jerry’s independence — and it remains so today," the directors said.
(Reporting by Alexander Marrow; Editing by Emelia Sithole-Matarise)
