Lamb Weston Holdings has appointed Robert J. Coviello, senior vice president of sustainability and government affairs at Bunge Limited, and Robert A. Niblock, former chairman, president and chief executive officer of Lowe’s Companies, to its board of directors, effective March 18, 2020.
“They are excellent additions to the board,” said Lamb Weston President and CEO Tom Werner. “Their varied, but extensive, experience and strategic skills will contribute to our continued growth in the coming years.”
As a member of the Bunge team for more than 17 years, Coviello has held a variety of commercial leadership positions in Asia, Europe and the United States. Prior to signing on with Bunge, he served in various merchant and trading roles with Cargill.
In addition to being chairman and chief executive officer of Lowe’s Companies from 2005-2018, Niblock also served as president from 2011-2018 after having served in that role from 2003 to 2006. He joined the company in 1993 and held various roles of increasing responsibility in the finance organization, including executive vice president and chief financial officer.
“Both men are strong additions to Lamb Weston’s board of directors,” said W.G. Jurgensen, chairman of the board. “I look forward to the perspectives they will bring to the table based on their deep business experience.”
Headquartered in Eagle, Idaho, USA, Lamb Weston is a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers in over 100 countries around the world. It employs more than 7,000 people and has 27 manufacturing plants spanning the globe from North America and Argentina to the Netherlands, United Kingdom, Austria, Russia, China and Australia.
On March 19 the company declared a quarterly dividend of $0.23 per share of Lamb Weston common stock. The dividend is payable on June 5, 2020 to stockholders of record at the close of business on May 8, 2020.