9 Articles
9 Articles
Lamb Weston bows to pressure from Jana Partners with board revamp
Lamb Weston has bowed to pressure from shareholders Jana Partners and Continental Grain by restructuring the potato-products supplier's board.The post Lamb Weston bows to pressure from Jana Partners with board revamp appeared first on Just Food.
Jana Partners wins board battle at Lamb Weston
Lamb Weston has reached a settlement with activist hedge fund Jana Partners, granting the investor significant influence over the frozen potato giant’s board and avoiding a potentially contentious proxy battle, according to a report by Reuters. Under the agreement announced on Monday, four of Jana’s proposed director nominees will join Lamb Weston’s board, including former Nestlé USA CEO Bradley Alford, who will serve as chairman. Also joining a…
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