Published by Global Banking and Finance Review
Posted on January 22, 2026
3 min readLast updated: January 22, 2026
Magnum accuses Ben & Jerry's former chair of misconduct, leading to board changes and ongoing legal disputes with Unilever and Magnum.
By Alexander Marrow and Jessica DiNapoli
LONDON, Jan 22 (Reuters) - Ben & Jerry’s years‑long struggle to defend its progressive mission from parent‑company pressure escalated this week, as The Magnum Ice Cream Company accused the brand’s former board chair of misconduct and said its once eight‑member board had been reduced to just two directors.
Unilever, which acquired the quirky, socially conscious Ben & Jerry's in 2000, spun off its ice cream unit into Magnum in December and retains a 19.9% stake.
Since 2024, Vermont-based Ben & Jerry's and its independent board have fought Unilever, and now Magnum, in U.S. District Court in New York against what they said were efforts to undermine the brand's social mission and the board's autonomy.
In a filing dated January 20 in that U.S. District Court case in New York, Magnum said that Ben & Jerry's CEO and a Unilever appointee were now the only members on its board.
After Magnum deemed her unfit to serve, Ben & Jerry's Board Chair Anuradha Mittal was ousted in mid-December, and two long-serving directors left as Magnum introduced nine-year term limits.
In its new filing, Magnum said Mittal "had engaged in serious misconduct that rendered her ineligible to serve on the board" and that an Ernst & Young audit of the Ben & Jerry's Foundation, a separate U.S. non-profit funded by the brand, led to concerns of conflicts of interest.
Magnum said none of the three remaining independent directors had agreed to undergo compliance training, meaning they had left the board as of January 1.
Mittal has accused Magnum and Unilever of trying to discredit her and undermine the board's authority.
"Magnum’s midnight purge of independent directors who provide oversight authority and holding hostage charitable funds— all while they continue to conceal the audit report and scope of work — speak for themselves," Mittal said in a statement on Thursday.
Magnum described the protracted litigation as "regrettable" and said it remained committed to supporting the Ben & Jerry's team.
"We look forward to the development of a refreshed Board with a majority of Independent Directors, led by an Independent Director," Magnum said in a statement.
Magnum said the foundation had regularly made grants to organisations where trustees including Mittal held senior positions and received compensation or other benefits.
The foundation said it had "become collateral damage" in the battle.
The relationship between Ben & Jerry's and its parent company began unravelling in 2021 when it said it would stop selling in the Israeli-occupied West Bank.
(Reporting by Alexander Marrow in London and Jessica DiNapoli in New York; Editing by Cynthia Osterman)
Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled, ensuring accountability and transparency in a company's relationship with its stakeholders.
A financial crisis is a situation in which the value of financial institutions or assets drops significantly, leading to a loss of confidence and potential economic downturn.
Social responsibility is the concept that businesses should consider the impact of their actions on society and the environment, balancing profit-making activities with activities that benefit the community.
Investment management is the professional management of various securities and assets to meet specified investment goals for the benefit of investors.
Compliance in finance refers to the process of adhering to laws, regulations, and guidelines that govern financial practices and operations to avoid legal penalties.
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