Lamb Weston is naming a new CEO as the frozen french fry maker moved to a loss in its second quarter and trimmed its fiscal 2025 forecast. Shares tumbled more than 18% before the market open on Thursday. The Eagle, Idaho-based company said that Michael Smith, who currently serves as its chief operating officer, will become its CEO and join its board on Jan. 3, 2025. Smith takes over the CEO post from Thomas Werner, who will serve as an adviser t…

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Frozen French fry maker Lamb Weston names new CEO, moves to loss in Q2 and cuts outlook

Lamb Weston, a major supplier of frozen French fries to global chains like McDonald’s, KFC and Taco Bell, has named a new CEO after posting a surprise loss in the

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One of world's largest frozen French fry makers shakes up its leadership

Lamb Weston, a major supplier of frozen French fries to global chains like McDonald’s, KFC and Taco Bell, has named a new CEO after posting a surprise loss in the second quarter as consumers pull back on the money they spend on food outside the home

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Frozen French fry maker Lamb Weston names new CEO, moves to loss in Q2

AP Business Writer Lamb Weston is naming a new CEO as the frozen french fry maker moved to a loss in its second quarter and trimmed its fiscal 2025 forecast. Shares tumbled more than 18% before the market open on Thursday. The Eagle, Idaho-based company said that Michael Smith, who currently serves as its chief operating officer, will become its CEO and join its board on Jan. 3, 2025. Smith takes over the CEO post from Thomas Werner, who will se…

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A major supplier of frozen French fries to global chains like McDonald’s, KFC and Taco Bell, has named a new CEO after posting a surprise loss in the second quarter as consumers pull back on the money they spend on food outside the home. But struggles at the Lamb Weston, which produces the equivalent of 80 million servings of fries every day worldwide, have been no secret on Wall Street and its shares have tumbled more than 40% this year. In Oct…

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A shake-up at one of world's biggest frozen French fry makers

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Lamb Weston is naming a new CEO as the frozen french fry maker moved to a loss in its second quarter and trimmed its fiscal 2025 forecast.Shares tumbled more than 18% before the market open on Thursday.The Eagle, Idaho-based company said that Michael Smith, who currently serves as its chief operating officer, will become its CEO and join its board on Jan. 3, 2025. Smith takes over the CEO post from Thomas Werner, who will serve as an adviser thr…

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Frozen french fry maker Lamb Weston names new CEO

A large order of french fries is shown at a McDonald’s on May 25, 2010 in downtown Los Angeles. | Richard Vogel, Associated Press AMERICAN FALLS (AP) — A major supplier of frozen French fries to global chains like McDonald’s, KFC and Taco Bell, has named a new CEO after posting a surprise loss in the second quarter as consumers pull back on the money they spend on food outside the home. But struggles at the Lamb Weston, which produces the equiva…

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Lamb Weston, a major supplier of frozen French fries to global chains like McDonald’s, KFC and Taco Bell, has named a new CEO after posting a surprise loss in the second quarter as consumers pull  &hellip;

Frozen French fry maker Lamb Weston names new CEO, moves to loss in Q2 and cuts outlook

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