Leadership & Pay ·
Lamb Weston President Marc Schroeder resigns; no cash severance under transition agreement
LWLamb Weston Holdings, Inc.
Lamb Weston Holdings entered into a transition and separation agreement with Marc Schroeder, its President of International, upon his resignation. Schroeder will remain in an advisory capacity until February 15, 2027, subject to one-year non-compete and non-solicitation restrictions. He is not entitled to cash severance but retains prorated vesting for fiscal 2025 and 2026 equity awards and eligibility for a prorated 2027 annual incentive award based on actual performance. Outstanding stock options remain exercisable until the third anniversary of his separation date. Lamb Weston Holdings, Inc. manufactures and markets frozen potato products globally.