LR CEO to step down

Alastair MarshAlastair Marsh has spent 14 years working for Lloyd’s Register. Photo: Lloyd’s Register

The CEO of Lloyd’s Register (LR) Group will step down from the role by the end of 2020.

After a 14-year career with LR and over five years as Group CEO, Alastair Marsh, has decided to step down from his role and retire from the Lloyd’s Register Group Board on 31 December 2020, with a view to taking on some non-executive and advisory roles.

Nick Brown, marine & offshore director, will succeed Marsh as group CEO and join the LR Group Board on 1 January 2021. Brown will continue in his current role until this date.

LR chairman, Thomas Thune Andersen, said: “Alastair is an exceptional business leader who has transformed the company during his tenure, delivering on a five-year modernisation and cultural change strategy. Following the significant investment in new systems and processes, LR is a far more agile and customer-focussed organisation, with a strong growth platform in innovative digital services, whilst also achieving greater operational excellence. The company has also diversified its portfolio through acquisition, expanding into new industries such as food safety and cyber-security.”

On Brown’s appointment, Thune Andersen added: “The Board is delighted to appoint Nick as Group CEO at this natural inflexion point in our business cycle and strategic roadmap. As the company writes its next chapter, this is a logical time for change and Nick has all the right qualities to lead us to further success. “

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