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Founders

Who Founded Lamb Weston?

F. Gilbert Lamb · Founded 1950 · HQ today: Eagle, Idaho

Who founded Lamb Weston?

Lamb Weston was founded by F. Gilbert Lamb in 1950. It is now led by Michael J. Smith.

Founders
F. Gilbert Lamb
Founded
1950
Headquarters
Eagle, Idaho
Number of founders
1
Current CEO
Michael J. Smith (since 2025)
Where was Lamb Weston founded?
Lamb Weston was founded in Eagle, Idaho in 1950.
When was Lamb Weston founded?
Lamb Weston was founded in 1950.
Who started Lamb Weston?
Lamb Weston was founded by F. Gilbert Lamb.
How old is Lamb Weston?
Lamb Weston is 76 years old as of 2026.

Founding Story

F. Gilbert 'Gib' Lamb founded the company in Weston, Oregon in 1950 as a frozen vegetable processor. In 1960 he developed the Lamb Water Gun Knife, which uses water pressure to push potatoes through a grid of blades and cut uniform fries at high speed. That technology helped the company grow alongside the fast-food industry. Conagra acquired Lamb Weston in 1988 and spun it off as an independent public company in November 2016.

F. Gilbert Lamb

Co-founder 1950

Background

Lamb was an Oregon food processor and inventor whose mechanical approach to cutting potatoes shaped the company's early growth in the Pacific Northwest.

Role at Lamb Weston Holdings, Inc.

F. Gilbert 'Gib' Lamb founded the company that became Lamb Weston in Weston, Oregon in 1950, initially processing frozen vegetables. In 1960 he developed the Lamb Water Gun Knife, a system that uses water pressure to propel potatoes through a grid of blades, producing uniform French fries at high speed. The invention became a foundation of industrial fry production. F. Gilbert Lamb was born in 1915.

Lamb Weston Holdings, Inc.: CEO & Leadership History

Full timeline →

Jan Craps

Executive Chair

2026 – Present

A former consumer-goods executive who began his career at McKinsey & Company, he oversees the board during the turnaround.

James D. Gray

Chief Financial Officer

2026 – Present

Serving as CFO from the spin-off until 2023, he established the standalone financial structure of the company, ensuring it had the massive free cash flow required to dominate the global french fry market.

Michael J. Smith

President and Chief Executive Officer

2025 – Present

Under Smith, Lamb Weston posted six straight quarters of volume growth through fiscal 2026 and beat its fiscal 2026 sales and adjusted EBITDA guidance, though net income declined.

Tom Werner

Former President and Chief Executive Officer

2016 – 2025

Sales roughly doubled during his tenure, but the 2024 ERP disruption and falling profits preceded his departure in early 2025.

Keep researching Lamb Weston

Who Founded Lamb Weston? FAQ

Who founded Lamb Weston?

F. Gilbert 'Gib' Lamb founded the company in 1950 in Weston, Oregon. The name combines his surname with the town.

What did Gib Lamb invent?

In 1960 he developed the Lamb Water Gun Knife, which uses water pressure to shoot potatoes through a grid of blades, cutting uniform fries at high speed.

When did Conagra own Lamb Weston?

Conagra acquired Lamb Weston in 1988 and spun it off as an independent public company in November 2016.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.