Thomas P. Werner has been the CEO of Lamb Weston since it became its own company in 2016 after separating from Conagra. With a degree in Business Administration from the University of Washington, he has a strong background in the...
Thomas P. Werner has been the CEO of Lamb Weston since it became its own company in 2016 after separating from Conagra. With a degree in Business Administration from the University of Washington, he has a strong background in the food industry. Under his leadership, Lamb Weston has grown significantly, reaching impressive financial milestones like achieving $3.424 billion in net sales in a recent fiscal year. However, he faced challenges as well; for instance, his annual bonus payout was zero in some years due to not hitting specific performance targets. Despite fluctuations in his compensation, Werner's long-term incentives and stock performance under his leadership have had a positive trend, often exceeding expectations. Interestingly, his personal investments in Lamb Weston stocks peaked at over $69 million, showcasing his commitment to the company's future. As a CEO, his approach focuses on aligning the interests of the executives with those of the shareholders, keeping a close eye on the operational metrics that drive growth and value. He emphasizes the importance of performance-based compensation to motivate leadership and ensure long-term success.