Issue link: https://nebusinessmedia.uberflip.com/i/1542063
W W W. M A I N E B I Z . B I Z 83 BO O K O F L I S T S 2 0 2 6 S A L A R I E S 16 Marion Colombo Bar Harbor Bankshares EVP & director, Retail delivery 288-3314, bhbt.com Financial services $ 225.6 17.9:1 $ 77,621 $ 350,000 N/A $ 122,454 N/A $ 181,221 $ 31,697 $ 685,372 17 Michael R. Archer Camden National Corp. EVP & CFO 236-8821, camdennational.com Financial services $ 293.8 34:1 $ 56,933 $ 372,697 N/A $ 133,422 N/A $ 107,879 $ 49,587 $ 663,585 18 Jason Edgar Bar Harbor Bankshares President, Wealth 288-3314, bhbt.com Financial services $ 225.6 17.9:1 $ 77,621 $ 338,000 N/A $ 118,282 N/A $ 175,007 $ 27,452 $ 658,741 19 Ryan A. Smith Camden National Corp. EVP & chief credit officer 236-8821, camdennational.com Financial services $ 293.8 34:1 $ 56,933 $ 350,000 N/A $ 119,470 N/A $ 96,076 $ 55,181 $ 620,727 20 William H. Martel Camden National Corp. EVP & CTO 236-8821, camdennational.com Financial services $ 293.8 34:1 $ 56,933 $ 342,117 N/A $ 119,223 N/A $ 99,036 $ 54,944 $ 615,320 21 Patricia A. Rose Camden National Corp. EVP, Retail & mortgage banking 236-8821, camdennational.com Financial services $ 293.8 34:1 $ 56,933 $ 336,025 N/A $ 84,980 N/A $ 115,274 $ 52,473 $ 588,752 22 Susan Norton The First Bancorp Inc. EVP, HR & compliance 563-3195, thefirstbancorp.com Financial services $ 164.1 20.89:1 $ 65,970 $ 330,000 $ 75,882 $ 66,000 N/A N/A $ 20,230 $ 492,112 23 Richard M. Elder The First Bancorp Inc. EVP & CFO 563-3195, thefirstbancorp.com Financial services $ 164.1 20.89:1 $ 65,970 $ 325,000 $ 60,536 $ 65,000 N/A N/A $ 19,793 $ 470,329 24 Jonathan W. Nicholson The First Bancorp Inc. EVP & chief lending officer 563-3195, thefirstbancorp.com Financial services $ 164.1 20.89:1 $ 65,970 $ 295,000 $ 66,896 $ 59,000 N/A N/A $ 17,700 $ 438,596 25 Sarah J. Tolman The First Bancorp Inc. EVP & chief banking officer 563-3195, thefirstbancorp.com Financial services $ 164.1 20.89:1 $ 65,970 $ 295,000 $ 55,684 $ 59,000 N/A N/A $ 17,806 $ 427,490 26 Michael F. Brigham ImmuCell Advisor to president & CEO 4 878-2770, immucell.com Biotechnology $ 26.5 N/A $ 357,592 N/A N/A N/A N/A $ 35,017 $ 392,609 SOURCE: U.S. Securities & Exchange Commission (SEC) proxy statements (14A), annual reports and company websites NOTE: N/A = Not available or not applicable. 1 Compensation is for calendar year 2024 unless otherwise noted. 2 Total annual compensation includes salary, bonus, stock and option awards, non-equity incentive plan compensation, change in pension value and non-qualified deferred compensation earnings, where applicable. 3 Includes $33,979 in change in pension value and non-qualified deferred compensation 4 Former president & CEO; succeeded by Olivier te Boekhorst in November 2025 - This list was compiled by Stephanie R. Meagher and previously unpublished in Mainebiz. Maine's highest-paid public company executives Ranked by total compensation in 2024 1 Executive Type of business/ 2024 revenue (millions) CEO pay ratio/ median employee compensation Salary/ bonus Stock awards/ option awards Non-equity incentive plan/ other compensation Total compensation 2 1 Jonathan J. Mazelsky IDEXX Laboratories Inc. President & CEO 556-0300, idexx.com Biotechnology $ 3,897.5 207:1 $ 62,855 $ 1,121,154 N/A $ 5,199,755 $ 5,200,032 $ 1,450,150 $ 35,960 $ 13,007,051 2 Melissa Smith WEX Inc. Chair, CEO & president 773-8171, wexinc.com Payment solutions $ 2,628.2 103:1 $ 122,229 $ 955,769 N/A $ 10,529,340 N/A $ 966,713 $ 142,506 3 $ 12,594,328 3 Jagtar Narula WEX Inc. CFO 773-8171, wexinc.com Payment solutions $ 2,628.2 103:1 $ 122,229 $ 520,192 N/A $ 3,153,783 N/A $ 347,025 $ 54,475 $ 4,075,475 4 Brian P. McKeon IDEXX Laboratories Inc. EVP & special advisor 556-0300, idexx.com Biotechnology $ 3,897.5 207:1 $ 62,855 $ 689,558 N/A $ 1,337,496 $ 1,337,414 $ 504,521 $ 23,759 $ 3,892,748 5 Tina Hunt IDEXX Laboratories Inc. EVP, Strategy, sector development & global operations 556-0300, idexx.com Biotechnology $ 3,897.5 207:1 $ 62,855 $ 576,635 N/A $ 1,349,828 $ 1,349,983 $ 421,950 $ 32,304 $ 3,730,700 6 Michael J. Lane IDEXX Laboratories Inc. EVP & GM, Reference labs & IT 556-0300, idexx.com Biotechnology $ 3,897.5 207:1 $ 62,855 $ 576,635 N/A $ 1,349,828 $ 1,349,983 $ 421,950 $ 27,927 $ 3,726,323 7 Martin Smith IDEXX Laboratories Inc. EVP, Strategy, global operations and R&D 556-0300, idexx.com Biotechnology $ 3,897.5 207:1 $ 62,855 $ 576,635 N/A $ 1,349,828 $ 1,349,983 $ 421,950 $ 20,663 $ 3,719,059 8 Sachin Dhawan WEX Inc. CTO 773-8171, wexinc.com Payment solutions $ 2,628.2 103:1 $ 122,229 $ 525,000 N/A $ 2,759,565 N/A $ 324,468 $ 34,351 $ 3,643,384 9 Robert Deshaies WEX Inc. COO 773-8171, wexinc.com Payment solutions $ 2,628.2 103:1 $ 122,229 $ 610,000 N/A $ 2,539,411 N/A $ 362,889 $ 60,404 $ 3,572,704 10 Karen Stroup WEX Inc. Chief digital officer 773-8171, wexinc.com Payment solutions $ 2,628.2 103:1 $ 122,229 $ 515,000 N/A $ 2,683,872 N/A $ 289,353 $ 67,592 $ 3,555,817 11 Simon Griffiths Camden National Corp. President & CEO 236-8821, camdennational.com Financial services $ 293.8 34:1 $ 56,933 $ 825,000 $ 50,000 $ 627,600 N/A $ 398,005 $ 22,560 $ 1,923,165 12 Curtis Simard Bar Harbor Bankshares President & CEO 288-3314, bhbt.com Financial services $ 225.6 17.9:1 $ 77,621 $ 738,000 N/A $ 479,659 N/A $ 600,469 $ 51,183 $ 1,869,311 13 Tony C. McKim The First Bancorp Inc. President & CEO 563-3195, thefirstbancorp.com Financial services $ 164.1 20.89:1 $ 65,970 $ 812,000 $ 299,042 $ 243,600 N/A N/A $ 23,739 $ 1,378,381 14 Josephine Iannelli Bar Harbor Bankshares EVP, CFO & treasurer 288-3314, bhbt.com Financial services $ 225.6 17.9:1 $ 77,621 $ 473,000 N/A $ 189,154 N/A $ 279,893 $ 42,598 $ 984,645 15 John M. Mercier Bar Harbor Bankshares EVP & chief lending officer 288-3314, bhbt.com Financial services $ 225.6 17.9:1 $ 77,621 $ 350,000 N/A $ 122,454 N/A $ 207,109 $ 44,811 $ 724,374 16 Marion Colombo Bar Harbor Bankshares EVP & director, Retail delivery 288-3314, bhbt.com Financial services $ 225.6 17.9:1 $ 77,621 $ 350,000 N/A $ 122,454 N/A $ 181,221 $ 31,697 $ 685,372 17 Michael R. Archer Camden National Corp. EVP & CFO 236-8821, camdennational.com Financial services $ 293.8 34:1 $ 56,933 $ 372,697 N/A $ 133,422 N/A $ 107,879 $ 49,587 $ 663,585 18 Jason Edgar Bar Harbor Bankshares President, Wealth 288-3314, bhbt.com Financial services $ 225.6 17.9:1 $ 77,621 $ 338,000 N/A $ 118,282 N/A $ 175,007 $ 27,452 $ 658,741 19 Ryan A. Smith Camden National Corp. EVP & chief credit officer 236-8821, camdennational.com Financial services $ 293.8 34:1 $ 56,933 $ 350,000 N/A $ 119,470 N/A $ 96,076 $ 55,181 $ 620,727 20 William H. Martel Camden National Corp. EVP & CTO 236-8821, camdennational.com Financial services $ 293.8 34:1 $ 56,933 $ 342,117 N/A $ 119,223 N/A $ 99,036 $ 54,944 $ 615,320 21 Patricia A. Rose Camden National Corp. EVP, Retail & mortgage banking 236-8821, camdennational.com Financial services $ 293.8 34:1 $ 56,933 $ 336,025 N/A $ 84,980 N/A $ 115,274 $ 52,473 $ 588,752 22 Susan Norton The First Bancorp Inc. EVP, HR & compliance 563-3195, thefirstbancorp.com Financial services $ 164.1 20.89:1 $ 65,970 $ 330,000 $ 75,882 $ 66,000 N/A N/A $ 20,230 $ 492,112 23 Richard M. Elder The First Bancorp Inc. Financial services 20.89:1 $ 325,000 $ 65,000 N/A $ 470,329 Scarborough, ME // Pittsseld, ME // Auburn, NH A FAMILYOWNED BUSINESS SERVING OUR CLIENTS SINCE 1948 AAAENERGY.COM Contact us to learn about customized HVAC-R service plans for your facility. HVAC, PLUMBING & ELECTRICAL 24/7 EMERGENCY SERVICE DESIGN/BUILD SERVICES COMMERCIAL REFRIGERATION BUILDING CONTROLS MAINTENANCE PLANS Building efficiency. It's what we do. 1 Compensation is for calendar year 2024 unless otherwise noted. 2 Total annual compensation includes salary, bonus, stock and option awards, non- equity incentive plan compensation, change in pension value and non-qualified deferred compensation earnings, where applicable. 3 Includes $33,979 in change in pension value and non-qualified deferred compensation 4 Former president & CEO; succeeded by Olivier te Boekhorst in November 2025 This list was compiled by Stephanie R. Meagher and previously unpublished in Mainebiz. N O T E : N/A = Not available or not applicable. S O U R C E : U.S. Securities & Exchange Commission (SEC) proxy statements (14A), annual reports and company websites