Lloyd’s Register gets new CEO

Alastair Marsh has been appointed as CEO of Lloyd’s Register (LR), following the resignation of Richard Sadler from that position.

Lloyd’s Register’s Richard Sadler has taken the decision to step down as CEO at the end of 2015, after eight years in the role.

The Lloyd’s Register Group Board of Directors has announced the appointment of current CFO, Alastair Marsh, as his successor, Lloyd’s Register’s press release reads.

Alastair Marsh joined LR as Group Financial Controller in April 2007 and was appointed as Group Finance Director in April 2008.

Sadler will pass the CEO role to Marsh on October 1, 2015 and commence a formal handover period until the end of December 2015.

Alastair Marsh said: “I feel very privileged to have been asked by the LR Board to take over from Richard as CEO. I am passionate about LR as an organisation and I am delighted to have been given the opportunity to lead LR through what promises to be exciting and challenging times ahead for the clients and industries we serve.”

Lloyd’s Register is a global engineering, technical and business services organisation wholly owned by the Lloyd’s Register Foundation, that offers compliance, risk and technical consultancy services.

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