Lamb Weston Names New Leadership Team: CFO and Executive Chair Transitions

Lamb Weston Holdings, Inc. recently unveiled significant organizational changes at the executive level, tapping two seasoned business leaders to guide its strategic direction. The company announced that James Gray will assume the role of Chief Financial Officer, joining the broader leadership restructuring that includes the appointment of Jan Craps as the company’s inaugural Executive Chair.

Jan Craps Brings Global Leadership Experience

Jan Craps, carrying extensive international expertise accumulated over more than two decades with Anheuser-Busch InBev, has been named to lead Lamb Weston as Executive Chair. His appointment became effective February 6, 2026. In his previous role at AB InBev, Craps served as both CEO and Co-Chair of Budweiser Brewing Company APAC, as well as CEO for the entire APAC region at Anheuser-Busch InBev. This global-scale experience positions him to oversee Lamb Weston’s strategic initiatives and board direction, bringing proven expertise in managing complex, multinational operations across diverse markets.

James Gray Assumes CFO Position with Strong Financial Background

James Gray is set to take on the CFO role beginning April 2, 2026, bringing a comprehensive background in financial leadership and operations management. With 12 years of tenure at Ingredion, a prominent global ingredients solutions provider, Gray served as executive vice president and Chief Financial Officer. His finance career began at prestigious consulting firm Bain & Company, followed by more than a decade overseeing financial operations at PepsiCo, one of the world’s largest food and beverage corporations. This combination of experience across ingredients, consulting, and multinational consumer goods positions the new CFO to drive financial strategy at Lamb Weston.

Transition Planning Ensures Continuity

To facilitate a smooth handoff in the CFO position, Bernadette Madarieta, the outgoing financial leader, will remain engaged in an interim advisory capacity. Her continued involvement during the transition period will help ensure seamless continuity across all financial functions and operational processes. This deliberate transition approach underscores Lamb Weston’s commitment to maintaining financial stability while integrating new leadership perspectives into the organization.