Lamb Weston Announces Chief Financial Officer Succession
May 24 2021 - 5:35PM
Business Wire
Robert McNutt, Senior Vice President and Chief
Financial Officer, to Retire and Bernadette Madarieta, Vice
President and Controller, Promoted to Senior Vice President and
Chief Financial Officer, Effective August 6, 2021
Lamb Weston Holdings, Inc. (NYSE: LW) announced today that
Robert McNutt has shared his intent to retire from his position 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, Lamb Weston’s President and CEO.
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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 developed into a strong
independent company. He has played an important role helping the
Company navigate 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 Lamb
Weston employees, I want to wish Rob all the best as he enters the
next chapter of his life.”
“I am proud of what we have built at Lamb Weston over the past
several years,” said McNutt. “I believe the Company is
well-positioned to take advantage of opportunities in the global
category as frozen potato demand improves. Bernadette has been a
key senior member of our finance team, and I am confident in her
experience and strong leadership capabilities.”
“It gives me great confidence to know that Bernadette is
stepping into this role,” said Werner. “Not only does she have a
deep understanding of the Lamb Weston business, she is also highly
respected by her colleagues across the organization. I look forward
to working closely with Bernadette in her new role to drive value
for all of our stakeholders.”
Ms. Madarieta has served as Lamb Weston’s Vice President and
Controller and Principal Accounting Officer since November 2016
when the Company was spun off from Conagra. She has more than 20
years of experience leading finance teams for publicly traded
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 packaging and paper
products manufacturer.
About Lamb Weston
Lamb Weston, along with its joint venture partners, is a leading
supplier of frozen potato, sweet potato, appetizer and vegetable
products 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 back-of-house
management for its customers and make things more delicious for
their customers. From the fields where Lamb Weston potatoes are
grown to proactive customer partnerships, Lamb Weston always
strives for more and never settles. Because, when we look at a
potato, we see possibilities. Learn more about us at
lambweston.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210524005768/en/
Investors: Dexter Congbalay 224-306-1535
Dexter.Congbalay@lambweston.com
Media: Shelby Stoolman 208-424-5461
shelby.stoolman@lambweston.com
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