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, five executives at Lamb Weston Holdings received on average a compensation package of $2.9M, a 7% increase 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. 63.07% of Werner's compensation, or $4.2M, was in stock awards. Werner also received $15.1K of change in pension value and nonqualified deferred compensation earnings, $1.2M in non-equity incentive plan, $1M in salary, as well as $247.1K 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. 49.22% 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.
Lamb Weston Holdings' fiscal year ends on May 31.

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

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Source: SEC filing on August 5, 2020.