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Lamb Weston Holdings ( (LW) ) has issued an announcement.
Lamb Weston Holdings announced the appointment of Michael J. Smith as its new President and CEO, effective January 3, 2025. Smith, who has been with the company in various leadership roles since 2011, succeeds Thomas P. Werner, who will remain as an advisor until August 2025. Smith’s compensation package includes a $1 million base salary, a bonus opportunity, and long-term stock awards, reflecting the company’s strategic focus on performance-based leadership. Werner’s compensation as an advisor includes a base salary, bonus eligibility, and full vesting of his stock awards, with continued eligibility for company benefits during the advisory period.
More about Lamb Weston Holdings
Lamb Weston Holdings, Inc. is a company involved in the food industry, primarily focused on the production and distribution of frozen potato products and related foodservice solutions.
YTD Price Performance: -41.48%
Average Trading Volume: 2,651,851
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.85B
For an in-depth examination of LW stock, go to TipRanks’ Stock Analysis page.
