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-0.000161030595813172 -0.00354267310789048 0.00112721417069244 -0.00193236714975841 0.000161030595813172 0.00821256038647351 0.026731078904992 0.0198067632850242
Stock impact report

Jana Partners criticises Lamb Weston CEO change [Yahoo! Finance]

Lamb Weston Holdings, Inc. (LW) 
Last lamb weston holdings, inc. earnings: 4/1 08:30 am Check Earnings Report
US:NYSE Investor Relations: lambweston.com/investors
Company Research Source: Yahoo! Finance
Yesterday, Lamb Weston announced Michael Smith will take the reins as CEO and president from 3 January. Smith will replace Tom Werner, who is stepping down from his role as CEO and board member but will remain with the company in an advisory capacity until August. Jana Partners had called for a change of leadership at the company but, in a statement after Smith's appointment was announced, hit out at the decision. The activist investor, which acquired a 5% stake in Lamb Weston in October for $336m, added the “board has completely failed shareholders”. In a letter on Monday, 16 December, Jana Partners urged Lamb Weston's executive team to use the second-quarter results announcement as an opportunity to address its earlier calls for “significant board and leadership change”. “Enough is enough: Lamb Weston requires significant board change or, in its absence, should be sold,” Jana Partners said today. Post Holdings, a US food company, has reportedly expressed interest in acq Show less Read more
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