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July 1, 2019

IDEXX CEO takes medical leave after bike accident

IDEXX Laboratories Inc. (Nasdaq: IDXX), the Westbrook-based maker of veterinary diagnostic and water testing products, said Monday that CEO Jonathan Ayers is on a medical leave of absence following a bicycle accident.

Idexx CEO Jonathan Ayers
File Photo / Courtesy IDEXX
IDEXX announced Monday that CEO Jonathan Ayers is on medical leave of absence following a serious bicycling accident.

The company did not release any details about the accident, except to say that it was serious and happened Thursday. Ayers, 63, is also the company's chairman and president. He joined IDEXX in 2000.

On Friday, the company appointed Jay Mazelsky as interim president and CEO. 

Mazelsky will assume Ayers's day-to-day management responsibilities and work closely with CFO Brian McKeon, who will continue to oversee the company's finances and investor relations.

Larry Kingsley, independent lead director of the IDEXX board, will provide additional support to Mazelsky, McKeon and the management team, the company said.

"First and foremost, we support Jonathan and his family and wish him a speedy and full recovery," Kingsley said in Monday's news release. "Jon is a passionate, dedicated and well-respected leader of IDEXX. Jon has expressed his confidence in Jay, Brian and IDEXX's talented leadership team to continue to advance the company's purpose to enhance the health of pets, people and livestock."

Mazelsky, 58, has been an executive vice president since joining IDEXX in August 2012. In addition to his new responsibilities as interim president and CEO, he oversees the company's North American Companion Animal Group Commercial Organization and key parts of the company's innovation portfolio.

He served as senior vice president and general manager of a number of businesses at Philips Healthcare from 2007 to 2012.

McKeon has been IDEXX's executive vice president, chief financial officer and treasurer since January 2014, and leads the company's finance, corporate development and worldwide operations functions. He served as director of IDEXX from July 2003 through December 2013, including serving as chair of the audit committee and as a member of the compensation committee.

IDEXX employs more than 8,000 people worldwide and serves customers in more than 175 countries. Its shares have a market value of around $23.8 billion.

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