Lamb Weston President, International Marc Schroeder to exit; transition runs through Feb 15, 2027
Lamb Weston Holdings, Inc.
Marc Schroeder will continue as President, International through Dec 31, 2026, then serve in a senior advisory role until a Feb 15, 2027 termination date.
He gets no cash severance; Article 19.6 of his employment agreement is disapplied. Base salary of EUR 575,000 gross per year continues until termination.
Prorated vesting of fiscal 2025 and 2026 equity awards under 'Early Retirement' treatment; supplemental incentive stock options granted February 2026 are excluded.
Remains eligible for a prorated FY27 annual incentive plan bonus based on actual results, paid alongside other AIP participants; options exercisable until the third anniversary of separation.
Non-compete and non-solicitation covenants run one year past separation; legal fees reimbursed up to EUR 20,000 (termination dispute) and EUR 2,000 (agreement review).
On October 5, 2026, Lamb Weston Holdings, Inc. (“we,” “our” or “Lamb Weston”) entered into a transition and separation agreement (the “Transition Agreement”) with Marc Schroeder, our President, International, in connection with his resignation and to ensure a smooth transition. Under the Transition Agreement, Mr. Schroeder will continue to serve as President, International through December 31, 2026, and remain with Lamb Weston in an advisory capacity until February 15, 2027.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Marc Schroeder resigned as President, International at Lamb Weston Holdings, Inc..
Action
resigned
Role
President, International
Exact text from the filing
On October 5, 2026, Lamb Weston Holdings, Inc. (“we,” “our” or “Lamb Weston”) entered into a transition and separation agreement (the “Transition Agreement”) with Marc Schroeder, our President, International, in connection with his resignation and to ensure a smooth transition. Under the Transition Agreement, Mr. Schroeder will continue to serve as President, International through December 31, 2026, and remain with Lamb Weston in an advisory capacity until February 15, 2027.
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