Jana reports DeLapp agrees to be nominee for Lamb Weston board

In a regulatory filing, Jana Partners disclosed a 5% stake in Lamb Weston (LW) and reported that on December 24, Jeffery DeLapp entered into a Nominee Agreement with Jana. The principal business of Mr. DeLapp is serving as Partner of Entrepreneurial Equity Partners, a private equity firm that invests in the food, consumer and packaging industry, after previously serving as President of McCain Food, North America, President of Lamb Weston and President/COO of The Bruss Company, a part of the Tyson Foods’ Family, the filing stated.