AIT Laboratories Announces New Chief Executive Officer

INDIANAPOLIS, Aug. 2, 2013 /PRNewswire/ -- AIT Laboratories (AIT) announces the appointment of R. Matthew Neff as President and Chief Executive Officer of the company, effective August 5, 2013. Neff will also remain in his role as Chairman of the Board for the company.  Dr. Michael Evans, the founder and previous CEO of AIT Laboratories, made the announcement.  Dr. Evans will remain on AIT's Board of Directors serving as the Chairman Emeritus.  Dr. Evans will continue in his role as the Chief Executive Officer of AIT Bioscience, a contract research laboratory that operates separately from AIT Laboratories.

Dr. Evans founded AIT in 1990, and oversaw a period of tremendous growth.  "I am extremely pleased that Matt has accepted this leadership role at AIT Laboratories," Dr. Evans commented. "Not only has Matt demonstrated continued leadership success in business, in healthcare and in the community, but he has done so as a person of the highest integrity. On behalf of the employees and the company I could not have asked for a better successor to lead AIT Laboratories."

"I am pleased to be in a position to build upon the work of Dr. Evans, and to collaborate with him to continue the successful growth of AIT Laboratories," Neff stated. "As healthcare reform takes hold, addressing the needs of the laboratory testing market will be a challenge.  Given Dr. Evans' sterling reputation in this industry, and my familiarity with healthcare reform, the AIT Board of Directors, Dr. Evans and I are excited to enter this new phase of growth for AIT."

Neff previously served as the President and CEO of CHV Capital, Inc., the venture capital subsidiary of Indiana University Health.  He held that role since the inception of CHV in 2007. Neff started his career as a practicing lawyer, most recently at the law firm of Baker & Daniels. He served as the Deputy to the Chairman of the Federal Housing Finance Board (now known as the Federal Housing Finance Agency) in the first Bush Administration.  Neff went on to become the co-founder and CEO of two Indianapolis companies: Circle Investors, an insurance holding company chaired by former Vice President of the United States, Dan Quayle and Senex Financial Corp., a healthcare receivables finance company.

About AIT Laboratories

AIT Laboratories, headquartered in Indianapolis, is a national laboratory that specializes in medication and compliance monitoring, forensic toxicology drug testing and clinical laboratory testing. The employee-owned company is recognized nationwide for superior customer service and quality in testing.  For more information about AIT, visit www.aitlabs.com.

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SOURCE AIT Laboratories