Lamb Weston Holdings CEO Thomas Werner's 2022 pay jumps 23% to $7.9M
Lamb Weston Holdings reports 2022 executive compensation
By ExecPay News
Published: August 9, 2022
Lamb Weston Holdings reported fiscal year 2022 executive compensation information on August 9, 2022.
In 2022, six executives at Lamb Weston Holdings received on average a compensation package of $3M, a 6% increase compared to previous year.
Average pay of disclosed executives at Lamb Weston Holdings
Thomas P. Werner, Chief Executive Officer, received $7.9M in total, which increased by 23% compared to 2021. 67% of Werner's compensation, or $5.2M, was in stock awards. Werner also received $1.3M in non-equity incentive plan, $1.1M in salary, as well as $209K in other compensation.
For fiscal year 2022, the median employee pay was $51,398 at Lamb Weston Holdings. Therefore, the ratio of Thomas P. Werner's pay to the median employee pay was 153 to one.
Eryk J. Spytek, General Counsel, received a compensation package of $2.7M, which increased by 74% compared to previous year. 66% of the compensation package, or $1.8M, was in stock awards.
Michael J. Smith, Senior Vice President and General Manager of Foodservice, Retail, Marketing and Innovation, earned $2.6M in 2022, a 28% increase compared to previous year.
Sharon L. Miller, Senior Vice President and General Manager, Global Business Unit, received $2.3M in 2022, which increases by 27% compared to 2021.
Bernadette M. Madariata, Chief Financial Officer, earned $2.1M in 2022.
Robert M. McNutt, Chief Financial Officer, received $145K in 2022, which decreases by 93% compared to 2021.
Lamb Weston Holdings' fiscal year ends on May 29.
Related executives
Thomas Werner
Lamb Weston Holdings
Chief Executive Officer
Bernadette Madariata
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
Eryk Spytek
Lamb Weston Holdings
General Counsel
Robert McNutt
Lamb Weston Holdings
Chief Financial Officer
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Source: SEC filing on August 9, 2022.