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Get LW alertsTom Werner is recorded as CEO at Lamb Weston Holdings, Inc. (LW). Tom Werner has spoken on 21 earnings calls across 1 company, most recently for Lamb Weston Holdings, Inc. on December 19, 2024. Lamb Weston Holdings, Inc. is classified in the Packaged Foods industry within the Consumer Defensive sector. Other leadership on record at Lamb Weston Holdings, Inc. includes Michael J. Smith (CEO, COO and Board Member), Bradley Alford (Chairman and Board Member), Jan Eli B. Craps (Chairman) and 7 others.
“Let me start with the leadership change we announced earlier today. As you've likely seen, I will be stepping down as CEO and Mike Smith, our current COO, will become Lamb Weston's next President and CEO beginning January 3rd, 2025.”
“We delivered financial results for the first quarter that were generally in line with our expectations. Sales came in above our target, driven by better than expected volume and price mix.”
“Our financial results for the fourth quarter and for the year are disappointing, reflecting execution challenges both commercially and in our supply chain, as well as soft global demand for fries.”
“This was a challenging quarter as we transition certain central systems and functions in North America from a decades-old legacy enterprise resource planning system to SAP.”
“Happy New Year, and thank you for joining our call today. The entire Lamb Weston team delivered another solid quarter, and I want to thank them for these results and continuing to execute the strategies that we outlined in our Investor Day presentation in October.”
Packaged Foods · Consumer Defensive
CEO
