Ben & Jerry's Removes Three Board Members as Magnum Strengthens Governance Policies Following Lackluster Market Launch
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
0mins
Should l Buy UL?
Source: Benzinga
Governance Changes at Ben & Jerry's: Ben & Jerry's has removed three members from its independent board as part of new governance practices, including a nine-year tenure limit for board members, following its spinoff from Unilever.
Power Struggle and Criticism: Co-founder Ben Cohen criticized the governance changes as a "blatant power grab" by Magnum Ice Cream, which he claims undermines the brand's social mission established after its acquisition by Unilever.
Co-Founder Departure: The governance shake-up coincides with the departure of co-founder Jerry Greenfield, who left under pressure from Unilever to remain silent about his personal values, leaving Cohen feeling devastated.
Market Performance and Dividend Delay: Magnum's IPO has faced challenges, including a delay in dividend payments until at least 2027, but some analysts remain optimistic about the company's future performance, as its stock has seen a modest increase since its debut.
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Analyst Views on UL
Wall Street analysts forecast UL stock price to fall
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 73.460
Low
60.10
Averages
68.37
High
74.00
Current: 73.460
Low
60.10
Averages
68.37
High
74.00
About UL
Unilever PLC is a United Kingdom-based global consumer goods business. The Company's segments include Beauty & Wellbeing, Personal Care, Home Care and Foods. The Beauty & Wellbeing segment primarily sells hair care (shampoo, conditioner, styling), skin care (face, hand and body moisturizers) and includes Prestige Beauty and Wellbeing. The Personal Care segment primarily sells skin cleansing (soap, shower), deodorant and oral care (toothpaste, toothbrush, mouthwash) products. The Home Care segment primarily sells fabric care (washing powders and liquids, rinse conditioners) and a range of home and hygiene cleaning products. The Foods segment primarily sells cooking aids and mini-meals (soups, bouillons, seasonings), condiments (mayonnaise, ketchup) and Unilever Food Solutions. The Company's beauty & wellbeing brands include CLEAR, Dermalogica, Liquid I.V., Dove and TRESemme. The Company's home care brands include Cif, Comfort, Domestos, OMO, Radiant, Sunlight and Surf.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Unilever's Innovations: Unilever's systems can digitally test thousands of recipes in seconds, with the Knorr Fast & Flavourful Paste developed in roughly half the usual time, significantly improving R&D efficiency and reducing the need for physical testing.
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