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Correction: Market Chatter: Ben & Jerry's Set to Add Three Independent Directors to Board

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(Corrects the headline and first paragraph to indicate Ben & Jerry's will appoint new members to its board; adds detail in the third paragraph.)

Magnum Ice Cream (MICC) brand Ben & Jerry's is set to appoint three new independent directors to its board as part of a restructuring, The Wall Street Journal reported Wednesday, citing an employee note from Ben & Jerry's Chief Executive Jochanan Senf.

Ben & Jerry's selected Nora Benavidez, Michael McAfee and Eva Schulte to its board following a prolonged governance dispute involving Unilever and Magnum over Ben & Jerry's social activism and mission, according to the report.

The restructuring comes after term-limit changes, and the departure of several independent directors left Ben & Jerry's board with two members, the report added. The selection process was led by Ben & Jerry's working with an executive search firm, according to a company spokesperson.

Magnum Ice Cream did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $20.33, Change: $+0.04, Percent Change: +0.19%

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