A 74-year-old CEO was brutally stabbed to death in a home invasion in Georgia, and one of the suspects remains at large.

Albert DeMagnus and his wife were at their home on Lake Horton Landing Drive in their upscale lakefront residence. Demagnus' wife told police she awoke hearing a disturbance in another part of the home and saw three men near her husband, who was suffering from an apparent stab wound.

The homeowner's wife told authorities three men demanded cash and jewelry before taking the victim's gray Lexus and leaving the scene. That's when she called 911.

Albert Demagnus was stabbed to death during a home invasion, his wife was home at the time as well but was unharmed

A police car and crime scene outside of Demagnus' home in Fayette County, Georgia Friday

Police arrived around 2:30am early Friday according to Fayette County Sheriff Barry Babb. When Fayette deputies got to the home, Demagnus was taken to Piedmont Fayette Hospital, where he was pronounced dead.

Deputies spotted the Lexus near the scene of the home invasion, Babb said. The stolen car crashed in the area of Jimmie Mayfield Boulevard and Bradley Drive and two men ran, he said. Deputies and Fayetteville police officers located both men.

Jeffrey Lee Wallace, 22, of Atlanta, and Kavion Wyzeenski Tookes, 21, of Decatur were both arrested, they are currently being held without bond on a murder charge according to the Fayette County jail.

Jeffery Wallace (left) and Kavion Tookes (right) were arrested after they crashed the Lexus they allegedly stole from the Demagnus property. They are being held on the charge of murder

'We believe the third person left the area in another vehicle,' Babb said

Neighbors in the upscale community were stunned 'Its p[reyy mind boggling, it's kind of scary' Justin Peck told CBS 46. 'People coming in and robbing people... that's no good.'

DeMagnus was the CEO of Computer Management Services, Inc., according to the Georgia Secretary of State's Office.