Lamb Weston Holdings CEO Thomas Werner's 2019 pay rises 18% to $6.8M
Lamb Weston Holdings reports 2019 executive compensation
By ExecPay News
Published: August 5, 2020
Lamb Weston Holdings reported fiscal year 2019 executive compensation information on August 5, 2020.
In 2019, six executives at Lamb Weston Holdings received on average a compensation package of $2.7M, a 17% increase compared to previous year.
Average pay of disclosed executives at Lamb Weston Holdings
Thomas P. Werner, Chief Executive Officer, received $6.8M in total, which increased by 18% compared to 2018. 56% of Werner's compensation, or $3.8M, was in stock awards. Werner also received $4.6K of change in pension value and nonqualified deferred compensation earnings, $1.8M in non-equity incentive plan, $976K in salary, as well as $227K in other compensation.
For fiscal year 2019, the median employee pay was $55,629 at Lamb Weston Holdings. Therefore, the ratio of Thomas P. Werner's pay to the median employee pay was 123 to one.
Robert M. McNutt, Chief Financial Officer, received a compensation package of $2.3M, which is about the same as previous year. 44% of the compensation package, or $1M, was in stock awards.
Michael J. Smith, Senior Vice President and General Manager of Foodservice, Retail, Marketing and, earned $2M in 2019.
Sharon L. Miller, Senior Vice President and General Manager, Global Business Unit, received $1.8M in 2019, which increases by 23% compared to 2018.
Innovation Sharon L. Miller, Senior Vice President and General Manager, Global Business Unit, earned $1.8M in 2019, a 23% increase compared to previous year.
Eryk J. Spytek, General Counsel, received $1.7M in 2019, which increases by 8% compared to 2018.
Lamb Weston Holdings' fiscal year ends on May 29.
Related executives
Sharon Miller
Lamb Weston Holdings
Senior Vice President and General Manager, Global Business Unit
Thomas Werner
Lamb Weston Holdings
Chief Executive Officer
Robert McNutt
Lamb Weston Holdings
Chief Financial Officer
Michael Smith
Lamb Weston Holdings
Senior Vice President and General Manager of Foodservice, Retail, Marketing and Innovation
Innovation Miller
Lamb Weston Holdings
Senior Vice President and General Manager, Global Business Unit
Eryk Spytek
Lamb Weston Holdings
General Counsel
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Source: SEC filing on August 5, 2020.