Lamb Weston Holdings CEO Thomas Werner's 2020 pay slips 3% to $6.7M
Lamb Weston Holdings reports 2020 executive compensation
By ExecPay News
Published: August 5, 2020
Lamb Weston Holdings reported fiscal year 2020 executive compensation information on August 5, 2020.
In 2020, six executives at Lamb Weston Holdings received on average a compensation package of $2.7M, a 1% decrease compared to previous year.
Average pay of disclosed executives at Lamb Weston Holdings
Thomas P. Werner, Chief Executive Officer, received $6.7M in total, which decreased by 3% compared to 2019. 63% of Werner's compensation, or $4.2M, was in stock awards. Werner also received $15K of change in pension value and nonqualified deferred compensation earnings, $1.2M in non-equity incentive plan, $1M in salary, as well as $247K in other compensation.
For fiscal year 2020, the median employee pay was $56,895 at Lamb Weston Holdings. Therefore, the ratio of Thomas P. Werner's pay to the median employee pay was 117 to one.
Robert M. McNutt, Chief Financial Officer, received a compensation package of $2.2M, which decreased by 2% compared to previous year. 49% of the compensation package, or $1.1M, was in stock awards.
Michael J. Smith, Senior Vice President and General Manager of Foodservice, Retail, Marketing and Innovation, earned $2.1M in 2020, a 2% increase compared to previous year.
Sharon L. Miller, Senior Vice President and General Manager, Global Business Unit, received $1.8M in 2020, which increases by 2% compared to 2019.
Gerardo Scheufler, Senior Vice President and Chief Supply Chain Officer, earned $1.8M in 2020.
Eryk J. Spytek, General Counsel, received $1.6M in 2020, which decreases by 5% compared to 2019.
Lamb Weston Holdings' fiscal year ends on May 29.
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
Sharon Miller
Lamb Weston Holdings
Senior Vice President and General Manager, Global Business Unit
Gerardo Scheufler
Lamb Weston Holdings
Senior Vice President and Chief Supply Chain Officer
Eryk Spytek
Lamb Weston Holdings
General Counsel
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Source: SEC filing on August 5, 2020.