Jana Partners, which together with its strategic and operating partners owns more than 5% of Lamb Weston (LW), and is one of the company’s largest shareholders, issued the following statement: “Today’s disastrous financial results and decision to swap its CEO for another long-standing Lamb Weston executive complicit in its widespread operational and strategic debacles is just the latest stick in the eye from a Board that has completely failed shareholders. Enough is enough: Lamb Weston requires significant board change or, in its absence, should be sold.”
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Read More on LW:
- Lamb Weston cuts FY25 EPS view to $3.05-$3.20 from $4.15-$4.35
- Lamb Weston falls 18% to 63.46 after Q2 results miss, FY25 guidance cut
- Lamb Weston names Michael Smith as President and CEO
- Lamb Weston approves $250M share repurchase authorization
- Lamb Weston raises quarterly dividend to 37c from 36c per share