Lamb Weston Holdings, Inc. announced the resignation of Marc Schroeder, its President, International. On October 5, 2026, the company entered into a transition and separation agreement to ensure an orderly transfer of responsibilities.
Key Details
- Transition Timeline: Mr. Schroeder will continue as President, International through December 31, 2026, and will remain with the company in an advisory capacity until his final separation date of February 15, 2027.
- Separation Terms: The agreement provides for prorated vesting of certain equity awards and a prorated annual incentive award for fiscal year 2027. Mr. Schroeder is not entitled to any cash severance payments.
- Post-Employment Restrictions: Mr. Schroeder will be subject to non-compete and non-solicitation restrictions for one year following his separation from the company.