WESTBROOK, Maine, Oct. 19, 2016 /PRNewswire/ -- IDEXX Laboratories,
Inc. (NASDAQ: IDXX) today announced the unanimous election of
Lawrence D. Kingsley as a member of
the Company's Board of Directors, effective today. In connection
with Mr. Kingsley's election, the Board also increased its size
from 9 to 10, effective today.
Mr. Kingsley served as Chairman, President and Chief Executive
Officer of Pall Corporation from 2013 to 2015, and as its President
and Chief Executive Officer from 2011 to 2013. Prior to joining
Pall Corporation, he was the Chairman, President and Chief
Executive Officer of IDEX Corporation from 2006 to 2011, as its
President and Chief Executive Officer from 2005 to 2006, and as its
Chief Operating Officer prior to that. In addition, he has been a
director of Polaris Industries Inc. since 2016 and Rockwell
Automation Corporation since 2013, and served as a director of
Cooper Industries plc (formerly Cooper Industries Ltd.) from 2007
to 2012.
"We are delighted to welcome Larry to our Board of Directors,"
said Jonathan Ayers, the Company's
Chairman of the Board and Chief Executive Officer. "Larry's
extensive executive management and operational experience leading
high tech, high-growth public companies will serve the Company and
our shareholders well as we look to continue enduring, profitable
growth in our business both in the U.S. and internationally."
"IDEXX has a terrific track record for innovation in extremely
attractive global markets," said Mr. Kingsley. "I am excited to
join the Board of this dynamic company and look forward to working
closely with Jon and the other IDEXX Board members to achieve the
Company's goals and continue to build long-term value for our
shareholders."
Mr. Kingsley was also appointed by the Board to serve, effective
October 19, 2016, on the Compensation
and Finance Committees of the Board.
Since May 2016, Mr. Kingsley has
been an Advisory Director to Berkshire Partners LLC, a Boston-based investment firm. Prior to joining
IDEX Corporation in 2004, Mr. Kingsley held management positions of
increasing responsibility at Danaher Corporation, Kollmorgen
Corporation and Weidmuller Incorporated. Mr. Kingsley holds an
undergraduate degree in Industrial Engineering and Management from
Clarkson University and an M.B.A. from
the College of William and Mary.
About IDEXX Laboratories
IDEXX Laboratories, Inc. is a
leader in pet healthcare innovation, serving practicing
veterinarians around the world with a broad range of diagnostic and
information technology-based products and services. IDEXX products
enhance the ability of veterinarians to provide advanced medical
care, improve staff efficiency and build more economically
successful practices. IDEXX is also a worldwide leader in providing
diagnostic tests and information for livestock and poultry and
tests for the quality and safety of water and milk. Headquartered
in Maine, IDEXX Laboratories
employs more than 7,000 employees and offers products to customers
in over 200 countries.
Note Regarding Forward-Looking Statements
This news release contains or may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements can be
identified by the use of words such as "expects," "may,"
"anticipates," "intends," "would," "will," "plans," "believes,"
"estimates," "should," and similar words and expressions. These
forward-looking statements are based on management's current
expectations and beliefs, as well as a number of assumptions
concerning future events. These statements are subject to risks,
uncertainties, assumptions and other important factors. Readers are
cautioned not to put undue reliance on such forward-looking
statements because actual results may vary materially from those
expressed or implied. The reports filed by the Company pursuant to
United States securities laws
contain discussions of these risks and uncertainties. The Company
assumes no obligation to, and expressly disclaims any obligation
to, update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Readers are
advised to review the Company's filings with the United States
Securities and Exchange Commission (which are available from the
SEC's EDGAR database at www.sec.gov/, at various SEC reference
facilities in the United States
and via the Company's website at www.idexx.com).
Contact: Kerry Bennett, Vice
President, Investor Relations, (207) 556-3973
Logo -
http://photos.prnewswire.com/prnh/20110602/NE13041LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/idexx-laboratories-elects-lawrence-d-kingsley-to-board-of-directors-300347783.html
SOURCE IDEXX Laboratories, Inc.