Lamb Weston Announces Addition of New Director

Lamb Weston Holdings, Inc. (NYSE: LW) announced the appointment of Norman Prestage to its Board of Directors. 

Mr. Prestage served as a partner at Ernst & Young, LLP, a professional services firm, until his retirement in June 2024. Mr. Prestage will also serve on the Board’s Audit and Finance Committee.

Tom Werner, President and CEO of Lamb Weston:

"Norm brings a wealth of experience to our Board. His extensive experience advising consumer goods and foodservice companies will be invaluable to us as we continue to focus on our strategies to grow Lamb Weston and deliver shareholder value."

Mr. Prestage joined Ernst & Young in 1987 and during his career served as the global client service partner for large global public companies in the consumer products, foodservice, retail and risk management industries. 

He was a member of the Ernst & Young Americas Global Accounts Partner Group and served on the Ernst & Young Global Consumer Products Advisory Board. He also served in various Ernst & Young leadership roles including the Retail and Consumer Products Industry Leader for the Midwest, Arkansas Office Managing Partner, and Southwest Area Partner Forum. Mr. Prestage is a certified public accountant and has a Bachelor of Business Administration from the University of Notre Dame.

W.G. Jurgensen, Chairman of the Board at Lamb Weston:

"Norm Prestage is a strong addition to Lamb Weston’s Board. He built a career advising top-tier, global organizations and we look forward to him bringing his expertise to the table to support Lamb Weston’s ambitious growth plans."

Yesterday, the Board of Directors of Lamb Weston Holdings also declared a quarterly dividend of USD 0.36 per share of Lamb Weston common stock, payable on November 29, 2024, to stockholders of record as of the close of business on November 1, 2024