Robert McNutt, Senior Vice President and Chief Financial Officer, to Retire and Bernadette Madarieta, Vice President and Controller, Promoted to Senior Vice President and Chief Financial Officer, Effective August 6, 2021

Lamb Weston Holdings, Inc. (NYSE: LW) announced today that Robert McNutt has shared his intent to retire from his position as Senior Vice President and Chief Financial Officer of the Company effective August 6, 2021. Bernadette Madarieta, Vice President and Controller, will succeed Mr. McNutt as Senior Vice President and Chief Financial Officer, effective August 6, 2021. Ms. Madarieta will report to Tom Werner, Lamb Weston’s President and CEO.

“I want to thank Rob for his leadership and his many contributions to Lamb Weston as we have developed into a strong independent company. He has played an important role helping the Company navigate the challenges of operating during the COVID-19 pandemic while building a strong finance team with deep expertise,” said Werner. “On behalf of the Board of Directors and all Lamb Weston employees, I want to wish Rob all the best as he enters the next chapter of his life.”

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