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ConAgra’s Spinoff Of Lamb Weston Continues As Top Execs Are Named

July 13, 2016: 12:00 AM EST
ConAgra Foods has picked Thomas Werner to be CEO of the Lamb Weston potato business, which the company earlier announced would be spun off. Timothy McLevish will be the new executive chairman of Lamb Weston. Jettisoning Lamb Weston ends ConAgra’s involvement in the foodservice business selling to restaurants and other commercial customers. The company will instead sharpen its focus on marketing its many grocery store brands, which include Peter Pan peanut butter and Gulden’s mustard.
Anne Steele, "ConAgra Names CEO, Chairman of Potato Business Spinoff", The Wall Street Journal, July 13, 2016, © Dow Jones & Company, Inc.
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