Andre J. Hawaux and Hala G. Moddelmog Join Lamb Weston Board of Directors;
Executive Chairman Timothy R. McLevish Will Not Seek Re-election
EAGLE, Idaho--(BUSINESS WIRE)--Lamb Weston Holdings, Inc. (NYSE: LW) announced today the appointments
of Andre J. Hawaux, Executive Vice President and Chief Operating Officer
of DICK’S Sporting Goods, Inc., and Hala G. Moddelmog, President and CEO
of the Metro Atlanta Chamber, to its Board of Directors, effective July
19, 2017. The company also announced that Executive Chairman Timothy R.
McLevish has decided not to seek re-election to the company's Board of
Directors. Mr. McLevish will remain in his current role until the
company’s Annual Meeting of Stockholders on Sept. 28, 2017. The
company’s Board of Directors will appoint current lead independent
director W.G. Jurgensen to the role of Non-Executive Chairman following
the company’s Annual Meeting.
“I am pleased that we have two outstanding new additions to the Board,”
said Tom Werner, President and CEO, Lamb Weston. “Hala and Andre bring
strategic skills and strong operational expertise that will be
instrumental as we continue to build Lamb Weston. I also want to thank
Tim McLevish for his partnership in building the foundation for an
independent Lamb Weston. During a time of significant change, we have
benefited greatly from Tim’s deep industry knowledge, financial acumen
and experience in spinning off public companies.”
“Since Lamb Weston’s spin-off in November 2016, the company has made
substantial progress as a strong independent company,” said Mr.
McLevish. “I am confident in the company’s business and management and
believe Lamb Weston is well-positioned for future success. As a result,
I have determined it is the right time for me to transition out of my
role with Lamb Weston.”
Mr. Hawaux has served as the Executive Vice President and Chief
Operating Officer of DICK’S since August 2015. Hawaux joined DICK'S in
2013 as Executive Vice President, Finance, Administration and Chief
Financial Officer. Prior to joining DICK'S, he was most recently
President, Consumer Foods at Conagra Brands, Inc. Previously, he served
as Conagra Brands’ Executive Vice President, Chief Financial Officer
from 2006 to 2009.
Ms. Moddelmog has served as the President and CEO of the Metro Atlanta
Chamber since 2014. She is the first woman to lead the 156-year-old
organization, which covers 29 counties and more than 15 Fortune 500
companies, as well as a multitude of small and medium-sized enterprises
in the 9th largest metropolitan region in the United States. Moddelmog
also served as President of Arby’s Restaurant Group, Inc. from 2010 to
2013 and prior to that, held the CEO position with Susan G. Komen for
the Cure.
Mr. McLevish joined Lamb Weston in November 2016 as Executive Chairman
in preparation of Lamb Weston’s separation from its former parent,
Conagra Brands, Inc. Before the separation, McLevish served on the Board
of Directors of Conagra Brands.
Mr. Jurgensen served on the board of directors of Conagra Brands for 14
years prior to Lamb Weston’s separation from its former parent and as
chief executive officer and a director of Nationwide Financial Services,
Inc., and its parent Nationwide Mutual Insurance Company, from 2000
until his retirement in 2009. Mr. Jurgensen also serves on the Board of
Directors of American International Group, Inc. and has chaired its
audit committee since May 2013.
Lamb Weston Holdings, Inc.'s 2017 Annual Meeting of Stockholders
Lamb
Weston Holdings, Inc.’s Annual Meeting of Stockholders (the “2017 Annual
Meeting”) is scheduled for Thursday, Sept. 28, 2017, at 8 a.m. MDT, and
will be held at The Hilton Garden Inn, 145 E. Riverside Drive, Eagle,
Idaho 83616.
In addition to Messrs. Hawaux and Jurgensen and Ms. Moddelmog, the other
candidates for election to the Board of Directors at the 2017 Annual
Meeting are: Charles A. Blixt, Thomas P. Maurer, Andrew J. Schindler,
Maria Renna Sharpe and Thomas P. Werner.
This press release is not a proxy statement or a solicitation of proxies
from the holders of common stock of Lamb Weston Holdings, Inc. A
solicitation of proxies in connection with the 2017 Annual Meeting will
be made only by Lamb Weston Holdings, Inc.’s definitive proxy statement
that will be mailed to all stockholders of record on the record date of
July 31, 2017. Lamb Weston Holdings, Inc., will be filing a definitive
proxy statement for the 2017 Annual Meeting with the Securities and
Exchange Commission (“SEC”). Stockholders are urged to read the proxy
statement and any other relevant documents filed or that will be filed
with the SEC when they become available because they will contain
important information. Stockholders will be able to receive the proxy
statement and other relevant documents free of charge at the SEC’s
website at http://www.sec.gov
or through the company’s own website at http://www.lambweston.com/investors.
The directors, nominees for election as director, executive officers and
certain other members of management and employees of the company may be
deemed “participants” in the solicitation of proxies from stockholders
of the company in connection with the matters to be considered at the
2017 Annual Meeting. Information regarding the persons who may, under
the rules of the SEC, be considered participants in the solicitation of
the stockholders of the company in connection with such matters will be
set forth in the definitive proxy statement for the Annual Meeting to be
filed with the SEC. In addition, information about the company’s
executive officers and directors may be found in the company’s Annual
Report on Form 10-K for the fiscal year ended May 28, 2017, when
available.
About Lamb Weston
Lamb Weston is a leading supplier of
frozen potato, sweet potato, appetizer and vegetable products to
restaurants and retailers around the world. For more than 60 years, Lamb
Weston has led the industry in innovation, introducing inventive
products that simplify back-of-house management for our 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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