Activist Investor Starboard Calls for Strategic Changes at Lamb Weston
Activist investor Starboard Value has urged Lamb Weston to restore market confidence and outline a clear path for sustainable profit growth. The investor called for an investor day to reset the company's narrative and achieve 25% adjusted EBITDA margins by FY2029 through cost reductions and revenue growth. Starboard also suggested reviewing Lamb Weston's global footprint and criticized previous management decisions.
Topics: activist investor corporate strategy cost reduction earnings growth margin targets