Core Viewpoint - Starboard Value has urged Lamb Weston to double its cost-cutting targets to $500 million and review its international operations following the acquisition of a stake in the company [1]. Group 1: Cost-Cutting and Operational Review - Starboard Value recommends that Lamb Weston increase its cost reduction target from at least $250 million to approximately $500 million by the end of 2028 [1]. - The activist investor has called for a review of Lamb Weston’s Asia Pacific operations due to rising competition and concerns about focus on broader turnaround efforts [1]. Group 2: Financial Targets and Management Changes - Starboard has suggested that Lamb Weston set adjusted selling, general, and administrative expenses at 4.5% of revenue and aim for a 25% core profit margin as medium-term goals [1]. - Lamb Weston has recently appointed James Gray as CFO and Jan Craps to a newly created executive chair role, following pressure from Jana Partners [1]. Group 3: Market Performance - Shares of Lamb Weston fell by 1.5% in early trading amid broader market weakness and have declined approximately 37% in 2025 [1].