CEO Suffers Spinal Cord Injury Steps Down

Posted Tue, Nov 19th, 2019

Exceptional Risk Advisors Lloyds of London Coverholder

CEO Steps Down Due to Spinal Cord Injury

Accidental Death Protection

President & CEO, Jonathan Ayers of IDEXX Laboratories Inc. (Nasdaq: IDXX) who suffered spinal cord injuries as a result of a bicycle accident, recently announced his departure as CEO. Mr. Ayers served as President & CEO since 2002 and was responsible for the exponentiation growth of the Maine-based company. As a result, Mr. Ayers' total compensation for 2018 was reportedly over $6.8 million. IDEXX Laboratory, the veterinary diagnostics company, employs over 8,000 individuals in 175 countries and has a market value of roughly $23 billion.

Jonathon Mazelsky, the former executive vice president at IDEXX Laboratories, has been named as Mr. Ayers' successor.

To learn more about the organization and former CEO, check out the full story here.

Insurance Solution

Key Person Disability Insurance

A company's biggest asset rides the elevator every day and is driving the business forward. Mr. Ayers' bicycle accident is a reminder for advisors to re-evaluate the risk to key personnel and C-Suite executives by looking at how they are leveraged against the success of the company, and the impact should they not be able to perform their duties.

As a Lloyd's of London Coverholder, Exceptional Risk Advisors specializes in writing high limit key person disability - protecting truly irreplaceable individuals that drive the success of a company. Benefit limits for key person protection are available in excess of $100 million per person and are most commonly purchased in conjunction with a traditional large life insurance transaction.

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CEO & CFO of Hospital System

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