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 6, 2019

Lamb Weston Holdings reported fiscal year 2019 executive compensation information on August 6, 2019.
In 2019, five executives at Lamb Weston Holdings received on average a compensation package of $2.9M, a 25% 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. 55.58% 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, $975.8K in salary, as well as $227.2K 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. 44.05% of the compensation package, or $999.9K, was in stock awards.
Michael J. Smith, Senior Vice President and General Manager of Foodservice, Retail, Marketing and, earned $2M in 2019.
Innovation Sharon L. Miller, Senior Vice President and General Manager, Global Business Unit, received $1.8M in 2019, which increases by 23% compared to 2018.
Eryk J. Spytek, General Counsel, earned $1.7M in 2019, a 8% increase compared to previous year.
Lamb Weston Holdings' fiscal year ends on May 26.

Related executives

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 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 6, 2019.