Chesapeake Employers Insurance Co., Maryland’s largest workers’ compensation carrier, on Thursday announced the election of Theodore “Tedd” Martin Alexander III and Spencer P. Cavalier to the company’s board of directors, effective immediately.

Tedd Alexander
 (BCF photo)

Alexander is the institutional relationship manager and vice president of T. Rowe Price Group Inc. Prior to his current position, he was the CEO of Credo Capital Management LLC.

Alexander has more than 30 years of investment experience, accumulating a broad range of investment, management, financial, client-facing, entrepreneurial and strategic responsibilities. He received a bachelor’s degree from Morehouse College and a Master of Business Administration degree from the Wharton School at the University of Pennsylvania.

Cavalier is the managing director and principal at Matrix Capital Markets Group Inc. Before that, he was a senior business valuation consultant with Ellin & Tucker.

Cavalier was first appointed to Chesapeake Employers board in 2020 by Gov. Larry Hogan.

Cavalier has more than 20 years of board leadership experience, including serving on the boards of the College Bound Foundation, the University of Maryland’s Hospital for Children, and investment committees for the Fuel Fund of Maryland Inc. and West Virginia University Foundation board of directors.

He received a bachelor’s degree from West Virginia University and an MBA from Baylor University.