French-Fry Maker Lamb Weston Should Overhaul Leadership or Seek Sale, Activist Jana Says

Lamb Weston Holdings Inc. needs “significant” changes in leadership, and absent that, the company should consider options including a sale, according to activist investor Jana Partners.

Jana, which owns more than 5% of the french-fry supplier, said on Monday that it has yet to receive a response from the board after months of “involvement and engagement.”