IDEXX Laboratories, Inc. Appoints of Lawrence D. Kingsley as Member of Board of Directors
October 20, 2016 at 01:46 am IST
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IDEXX Laboratories, Inc. announced the unanimous election of Lawrence D. Kingsley as a member of the company's Board of Directors, effective Oct. 19, 2016. In connection with Mr. Kingsley's election, the Board also increased its size from 9 to 10, effective Oct. 19, 2016. 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. Mr. Kingsley was also appointed by the Board to serve, effective October 19, 2016, on the Compensation and Finance Committees of the Board.
IDEXX Laboratories, Inc. is a world leader in the design, development and marketing of diagnostic test instruments for animal health monitoring and analysis of dairy products and water. Net sales break down by area of application as follows:
- veterinary diagnoses for pets (91.6%);
- water quality analysis (4.6%);
- veterinary diagnoses for livestock and poultry (3.3%): solutions that help detect infectious diseases in ruminants, pigs, poultry and horses. The group also offers test solutions for dairy products;
- other (0.5%).
Net sales by source of income break down between product sales (57.1%) and services (42.9%).
Net sales are distributed geographically as follows: the United States (65.3%), Canada (4.1%), Americas (2.3%), Germany (4.1%), the United Kingdom (3.3%), France (2.7%), Italy (1.5%), Spain (1.4%), Switzerland (0.9%), the Netherlands (0.8%), Europe/Middle East/Africa (4.8%), Australia (2.6%), Japan (2.1%), China (1.2%) and Asia/Pacific (2.9%).