Lamb Weston swaps CEO. Cuts forecast. Stock falls. Activist investor remains unhappy
Just days after an activist investor urged leadership changes at Eagle-based Lamb Weston, the company’s CEO of more than eight years is out. The potato products company appointed Michael J. Smith, the company’s current Chief Operating Officer to the CEO job starting on January 3.
We believe this dismal performance record significantly understates the magnitude of lost opportunity,” the investor group ...
Shares of Lamb Weston ( LW -21.23%) -- North America's largest potato producer -- were sliding again after it delivered third ...
Lamb Weston, a major supplier of frozen French fries to global chains like McDonald’s, KFC and Taco Bell, has named a new CEO ...
Lamb Weston Holdings Inc. needs “significant” changes in leadership, and absent that, the company should consider options ...
Lamb Weston had another down quarter, as it works through both operational and end market headwinds. Find out why LW stock is ...
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Jana Partners ups sale ante on Lamb Weston as Post Holdings bid emergesThe US activist investor today urged Lamb Weston to “explore a sale and take advantage of strategic interest in the company”.
Activist investor Jana Partners urged Lamb Weston on Monday to replace board members and top executives to improve its performance or else put itself up for sale.
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