HomeBusinessBen & Jerry’s accuses...

Ben & Jerry’s accuses parent company Unilever of forcibly removing CEO over ‘social mission’

Ice cream maker Ben & Jerry’s have stated that chief executive David Stever has been forced out – by parent company Unilever.

The London Stock Market-listed conglomerate, which sells and owns the brands of a huge range of items from Dove to Marmite, bought Ben & Jerry’s in 2000.

During that process an independent board was created two protect the values of Ben & Jerry’s, which has long held an activist approach to, in their own words, help “meet human needs and eliminate injustices in our local, national, and international communities”. Causes the company has spoken out on include the climate crisis, refugees and LGBTQ+ rights.

Now, that independent board allege that Unilever are violating the merger agreement by attempting to “silence” it, with a legal case filed in the United States claiming a decision to remove Mr Stever from his role was taken without consultation.

The filing read: “Unilever has repeatedly threatened Ben & Jerry’s personnel, including CEO David Stever, should they fail to comply with Unilever’s efforts to silence the Social Mission. On March 3 2025, Unilever informed the Independent board that they were removing and replacing Mr Stever as Ben & Jerry’s CEO.

“Unilever… attempted to force the independent board into rubberstamping the decision,” it continued, as reported by the BBC.

Mr Stever was promoted from chief marketing officer to chief executive of Ben & Jerry’s in mid-2023, having risen through the ranks since joining as a factory tour guide in 1988.

The Financial Times reported how Ben & Jerry’s previously filed a complaint over Unilever allegedly blocking calls for a ceasefire in Gaza and offering support for Palestinian refugees, a claim which Unilever rejected.

“Dave has courageously advanced the company’s social mission and values,” said Anuradha Mittal, chair of the independent board.

“What Dave hasn’t done is what Unilever would like him to do, which is to oversee the dismantling of Ben & Jerry’s mission, progressive values and the 2000 merger agreement that has protected Ben & Jerry’s position as a wholly owned autonomous subsidiary,” she added.

Unilever last month announced the surprise exit of their own CEO Hein Schumacher, with CFO Fernando Fernandez replacing him.

The FTSE 100 firm has also already decided to spin off the ice creams business as a whole, with a primary listing set to take place in Amsterdam. Unilever shares are flat across 2025 so far and up 15 per cent across the past year.

Source link

- A word from our sponsors -

spot_img

Most Popular

More from Author

- A word from our sponsors -

spot_img

Read Now

Mariah Carey didn’t steal holiday megahit “All I Want For Christmas Is You” from other songwriters, judge rules

A federal judge in Los Angeles has ruled that Mariah Carey did not steal her perennial megahit "All I Want for Christmas Is You" from other songwriters. Judge Mónica Ramírez Almadani granted Carey's request for summary judgment on Wednesday, giving her and co-writer...

Easy Loans, Big Benefits: Why Women Should Consider Two-Wheelers

Last Updated:March 22, 2025, 17:32 ISTTwo-wheeler loans empower working women with mobility, independence, and financial flexibility. They enhance work-life balance, offer security, and open job opportunities.Two-wheeler loans provide working women with the freedom and flexibility to balance work, family, and personal tasks. In today’s fast-paced world, commuting...

Vast ‘underground city’ discovered under Giza Pyramids

"A vast underground city", which stretches more than 6,500 feet directly underneath the Pyramids of Giza, making them 10...

Nvidia joins Trump onshoring push

Jensen Huang, co-founder and CEO of Nvidia Corp., gives a talk in Taipei, Taiwan. (Annabelle Chih/Bloomberg via Getty Images) Welcome to Fox News’ Artificial Intelligence newsletter with the latest AI technology advancements.IN TODAY'S NEWSLETTER:-- AI chipmaker Nvidia to invest billions in US amid Trump onshoring...

Kelly Clarkson sparks concern after cryptic message

Kelly Clarkson just added a hint of sadness to a milestone she achieved.As she marked the 1000th episode of...

SEBI Proposes ESOP Benefits For Startup Founders Even After IPO | Economy News

Mumbai: The Securities and Exchange Board of India (SEBI) has proposed a change in rules that will allow startup founders to continue holding Employee Stock Option Plans (ESOPs) even after their company goes public.  This move aims to provide relief to founders of new-age technology companies who often...

Dark energy findings could rewrite our understanding of the universe and its fate: “Cusp of a major discovery”

Scientists are homing in on the nature of a mysterious force called dark energy, and nothing short of the fate of the universe hangs in the balance.The force is enormous — it makes up nearly 70% of the universe. And it is powerful...

K.W. Lee, Journalist Who Gave a Voice to Asian American Communities, Dies at 96

K.W. Lee, a pioneering Asian American journalist whose reporting led to the release of a Korean immigrant on death row in California, and who covered the Koreatown community targeted in the Los Angeles riots of 1992, died on March 8 at his home in Sacramento. He was...