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V O L . X X V I I N O. X V I I A U G U S T 9 , 2 0 2 1 38 T H E L I S T C O M P I L E D B Y T I M O T H Y D O Y L E C O M P I L E D B Y T I M O T H Y D O Y L E 1 Total annual compensation includes salary, bonus, stock and option awards, non-equity incentive plan compensation, change in pension value and nonqualified deferred compensation earnings, where applicable. 2 Effective for 2018 filings, and pursuant to Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(u) of Regulation S-K, companies are required to disclose the pay ratio of the CEO to median employee. 3 All other annual compensation includes items such as relocation expenses, car allowances, life insurance, matched 401(k) plans and other retirement plans. N O T E S : Some executives may no longer be in the same position or at the company. S O U R C E : U.S. Securities & Exchange Commission company proxy statements (14A), annual reports and company websites Purchase this list and more as an Excel document at mainebiz.biz/DataCenter @ Maine's highest-paid public company executives Ranked by total annual compensation, 2020 Maine's highest-paid public company executives Ranked by total annual compensation, 2020 Total annual compensation 1 CEO pay ratio/ 2 median employee Salary/ Non-equity incentive plan Stock awards/ Option awards All other compensation 3 Organization's revenue (in millions) Industry 1 Melissa Smith , chair & CEO WEX Inc. $20,110,653 350:1 $57,484 $725,577 $1,242,780 $16,523,075 $1,499,996 $93,400 $1,723.7 Payment solutions 2 Roberto Simon , CFO WEX Inc. $7,399,736 350:1 $57,484 $491,539 $612,466 $5,827,425 $400,013 $68,293 $1,723.7 Payment solutions 3 Jonathan J. Mazelsky , president & CEO IDEXX Laboratories Inc. $7,038,175 106:1 $66,182 $814,039 $1,700,000 $1,125,087 $3,375,000 $24,049 $2,706.7 Biotechnology 4 Scott Phillips , president, Global Fleet WEX Inc. $6,283,819 350:1 $57,484 $461,298 $465,975 $4,959,480 $340,007 $57,059 $1,559.9 Payment solutions 5 Robert Deshales , president, health WEX Inc. $4,511,225 350:1 $57,484 $412,740 $346,800 $3,482,563 $240,022 $29,100 $1,723.7 Payment solutions 6 Benjamin Wolin , president & CEO Covetrus Inc. $4,490,990 100:1 $44,910 $897,500 $1,082,621 $2,500,000 N/A $10,869 $4,339.0 Animal-health technology 7 Jay Dearborn, president, corporate payments WEX Inc. $4,332,637 350:1 $57,484 $388,462 $291,000 $3,357,734 $260,012 $35,429 $1,723.7 Payment solutions 8 Michael Ellis , EVP & president, Europe Covetrus Inc. $4,168,015 100:1 $44,910 $515,625 $737,480 $2,850,000 N/A $64,910 $4,339.0 Animal-health technology 9 Georgina Wraight , EVP & president, global technology solutions Covetrus Inc. $3,853,786 100:1 $44,910 $3,853,786 $463,073 $2,850,000 N/A $26,146 $4,339.0 Animal-health technology 10 Dustin Finer , chief administrative officer Covetrus Inc. $3,731,223 100:1 $44,910 $449,077 $404,137 $2,750,000 N/A $128,009 $4,339.0 Animal-health technology 1 Total annual compensation includes salary, bonus, stock and option awards, non-equity incentive plan compensation, change in pension value and nonqualified deferred compensation earnings, where applicable. 2 Effective for 2018 filings, and pursuant to Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(u) of Regulation S-K, companies are required to disclose the pay ratio of the CEO to median employee. 3 All other annual compensation includes items such as relocation expenses, car allowances, life insurance, matched 401(k) plans and other retirement plans. NOTES: Some executives may no longer be in the same position or at the company. This list was compiled by Timothy Doyle. SOURCE: U.S. Securities & Exchange Commission company proxy statements (14A), annual reports and company websites To make a Donation to the Next List Alumni Scholarship Fund through the Maine Community Foundation, visit mainecf.org and click on Make a gift. FOLLOW US @MBEVENTS #MBNext21 SP ONSORED BY NOMINATION CRITERIA: Must be a business owner, CEO, founder, executive director, entrepreneur, or business leader. Has demonstrated forward-thinking and an innovative approach to their work. A positive motivator and influencer of change. Demonstrates an innovative approach to problem- solving while up against obstacles or barriers. Help us recognize ten dynamic individuals who are changing Maine's Economy and making a significant impact in their industry. To identify these trailblazing business leaders, we're opening the nomination process up to you! You tell us, who's NEXT? N O M I N AT E B Y A U G . 2 0 M A I N E B I Z . B I Z /N E X T Nominate an innovative leader today! THOSE CHOSEN WILL BE FEATURED IN THE OCTOBER 4 ISSUE OF MAINEBIZ.