Ben & Jerry’s Co-Founder Jerry Greenfield Resigns Amid Dispute with Unilever

Mark Eisenberg
Photo: Finoracle.net

Ben & Jerry’s Co-Founder Jerry Greenfield Resigns Amid Dispute with Unilever

Jerry Greenfield, co-founder of iconic ice cream brand Ben & Jerry’s, announced his resignation after nearly five decades with the company. The departure stems from ongoing disagreements with parent company Unilever over the brand’s ability to engage in social activism.

Greenfield shared his decision in an open letter published by co-founder Ben Cohen and posted on X, describing it as “painful” and expressing disillusionment with Unilever’s interference. He stated that the multinational conglomerate has effectively silenced Ben & Jerry’s voice on critical global issues, including the conflict in Gaza.

Since Unilever acquired Ben & Jerry’s in 2000 for $326 million, the Vermont-based company was expected to maintain operational independence, particularly in its social mission. However, tensions have grown since 2021 when Ben & Jerry’s announced it would cease sales in the Israeli-occupied West Bank as a response to the conflict in Gaza, a move that Unilever reportedly opposed.

Greenfield lamented, “It’s profoundly disappointing to come to the conclusion that that independence, the very basis of our sale to Unilever, is gone.” His exit highlights a broader clash between corporate control and activist branding.

Unilever is currently preparing to spin off its ice cream division into a new entity named the Magnum Ice Cream Company, which is slated to go public in November. A spokesperson for Unilever contested Greenfield’s claims, stating that the company had attempted to engage both co-founders in dialogue to reinforce Ben & Jerry’s “powerful values-based position.” The spokesperson reaffirmed Unilever’s commitment to preserving Ben & Jerry’s “unique three-part mission – product, economic and social,” emphasizing the brand’s continued role within the Magnum Ice Cream Company.

FinOracleAI — Market View

Jerry Greenfield’s resignation underscores ongoing tensions between Unilever’s corporate governance and Ben & Jerry’s activist brand identity. In the short term, this development may create uncertainty around Ben & Jerry’s social mission and brand perception, potentially affecting consumer loyalty and sales. However, the planned spin-off into Magnum Ice Cream Company could offer Unilever greater strategic flexibility. Investors should monitor how the new entity balances brand activism with commercial objectives and whether further departures or disputes arise.

Impact: negative

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Mark Eisenberg is a financial analyst and writer with over 15 years of experience in the finance industry. A graduate of the Wharton School of the University of Pennsylvania, Mark specializes in investment strategies, market analysis, and personal finance. His work has been featured in prominent publications like The Wall Street Journal, Bloomberg, and Forbes. Mark’s articles are known for their in-depth research, clear presentation, and actionable insights, making them highly valuable to readers seeking reliable financial advice. He stays updated on the latest trends and developments in the financial sector, regularly attending industry conferences and seminars. With a reputation for expertise, authoritativeness, and trustworthiness, Mark Eisenberg continues to contribute high-quality content that helps individuals and businesses make informed financial decisions.​⬤