Lamb Weston appointed Jan Craps, a veteran from AB InBev, as its new executive chair in a newly created position. The company also hired Jim Gray, a former PepsiCo executive, as CFO. These leadership changes occurred as Lamb Weston faced pressure on its profits and received criticism from activist investor Jana Partners regarding the company's performance and strategy. Lamb Weston is a US-based potato-products supplier. The appointments represent a leadership overhaul at the company during a period of activist investor involvement and operational challenges.
Read full analysisLamb Weston appointed Jan Craps, a veteran from AB InBev, as its new executive chair in a newly created position. The company also hired Jim Gray, a former PepsiCo executive, as CFO. These leadership changes occurred as Lamb Weston faced pressure on its profits and received criticism from activist investor Jana Partners regarding the company's performance and strategy. Lamb Weston is a US-based potato-products supplier. The appointments represent a leadership overhaul at the company during a period of activist investor involvement and operational challenges.
Lamb Weston Holdings Inc. (LW) is a publicly traded company in the Consumer Staples sector.