Lamb Weston Announces Succession of Chief Financial Officer | Your money
EAGLE, Idaho – (BUSINESS WIRE) – May 24, 2021 –
Lamb Weston Holdings, Inc. (NYSE: LW) announced today that Robert McNutt has shared his intention to step down as senior vice president and chief financial officer of the company effective August 6, 2021. Bernadette Madarieta, Vice President and Controller, will succeed Mr. McNutt as Senior Vice President and Chief Financial Officer, effective August 6, 2021. Ms. Madarieta will report to Tom Werner, President and CEO of Lamb Weston.
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Bernadette Madarieta (Photo: Business Wire).
“I want to thank Rob for his leadership and his many contributions to Lamb Weston as we have grown into a strong independent business. He played an important role in helping the company overcome the challenges of operating during the COVID-19 pandemic while building a strong finance team with deep expertise, ”said Werner. “On behalf of the Board of Directors and all employees of Lamb Weston, I wish Rob the best of luck as he enters the next chapter of his life.
“I am proud of what we have built at Lamb Weston over the past few years,” said McNutt. “I think the company is well positioned to take advantage of opportunities in the global category as demand for frozen potatoes improves. Bernadette has been a key senior member of our finance team, and I am confident in her experience and strong leadership abilities.
“It gives me great confidence knowing that Bernadette is stepping into this role,” Werner said. “Not only does she have a deep understanding of the Lamb Weston business, but she is also highly respected by her colleagues across the organization. I look forward to working closely with Bernadette in her new role to generate value for all of our stakeholders.
Ms. Madarieta has been Vice President and Controller of Lamb Weston and Chief Accounting Officer since November 2016 when the company was separated from Conagra. She has over 20 years of experience leading financial teams for listed companies. Prior to joining Lamb Weston, Ms. Madarieta served as Vice President and Controller of Packaging Corporation of America, a containerboard and corrugated packaging manufacturer, and Vice President and Controller at Boise Inc., a manufacturer of packaging and paper products.
About Lamb Weston
Lamb Weston, along with its joint venture partners, is a leading supplier of potatoes, sweet potatoes, appetizers and frozen vegetables to restaurants and retailers around the world. For more than 70 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify housekeeping for its customers and make things more delicious for their customers. From fields where Lamb Weston potatoes are grown to proactive partnerships with customers, Lamb Weston always strives for more and never settles. Because, when you look at a potato, you see possibilities. Learn more about us on lambweston.com.
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KEYWORD: IDAHO UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: SUPERMARKET RETAIL RESTAURANT / FOOD BAR / DRINKS
SOURCE: Lamb Weston Holdings, Inc.
Copyright Business Wire 2021.
PUB: 05/24/2021 17:35 / DISC: 05/24/2021 17:36
Copyright Business Wire 2021.