Lifeway Foods Board Member Jody Levy Resigns

Core Insights - Lifeway Foods, Inc. (NASDAQ:LWAY) is recognized as one of the most profitable consumer defensive stocks currently available for investment [1] - The company announced the immediate resignation of Jody Levy from its board of directors, clarifying that the resignation was not due to any disagreements regarding company operations or policies [1] - Lifeway Foods has entered into a multi-faceted agreement with Danone, which includes appointing four new directors and separating the roles of chair and CEO [2] - The agreement also involves a mutual decision to pause litigation between Lifeway and Danone, which is expected to ease tensions between the two companies [3] Company Overview - Lifeway Foods, Inc. is based in Illinois and specializes in producing and marketing probiotic-based products, including drinkable kefir, European-style soft cheeses, cream, and drinkable yogurt [4]