Stock Under Consideration: Lamb Weston Holdings Inc (NYSE:LW)

Shares of Lamb Weston Holdings Inc (NYSE:LW) ended Wednesday session in green amid volatile trading. The shares closed up +0.29 points or 0.87% at $33.48 with 2.76 million shares getting traded. Post opening the session at $33.26, the shares hit an intraday low of $33.00 and an intraday high of $34.30 and the price vacillated in this range throughout the day.

Market Cap/Outstanding Shares

The company has a market cap of $4.95 billion and the number of outstanding shares have been calculated to be 146.00 million shares.

Lamb Weston Holdings Inc (LW) declared that Robert McNutt has been designated senior vice president and chief financial officer, effective Jan. 16, 2017. McNutt will report to Tom Werner, president and chief executive officer of Lamb Weston.

McNutt brings more than 30 years of finance leadership experience to Lamb Weston. He presently is the chief financial officer at Expera Specialty Solutions, LLC, a specialty paper company. Before that he was the chief financial officer for Greif, Inc., a global industrial packaging company. Before joining Greif, McNutt served as chief financial officer at Boise, Inc., and spent 22 years in roles of increasing responsibility at Boise Cascade.

“Robert’s experience leading finance for public companies will serve Lamb Weston well as we embark on our next chapter,” said Tom Werner. “Robert has a wealth of relevant experience driving performance that I know will benefit Lamb Weston.”

“I look forward to joining the team at Lamb Weston during this exciting time and working with Tom and his leadership team to deliver shareholder value,” said McNutt.

 

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