Lloyd’s Register (LR) marine and offshore director Nick Brown will take over the reins as the company’s group CEO starting 1 January 2021, succeeding Alastair Marsh
Mr Marsh has decided to step down from his current role as LR group chief executive 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.
Mr Marsh has served as group CEO for five years and been with LR for 14 years.
Mr Brown will continue in his current role as marine and offshore director until his promotion takes effect. Mr Brown started with LR as a marine surveyor in 1996, and has served in a variety of leadership roles with the classification society, including president of the company’s China operations for 7 years and chief operating officer of global marine business. He was appointed director of marine and offshore in 2016.
Commenting on the transition, LR chairman Thomas Thune Andersen said “Alastair is an exceptional business leader who has transformed the company during his tenure, delivering on a 5-year modernisation and cultural change strategy. Following the significant investment in new systems and processes, LR is a far more agile and customer-focused organisation, with a strong growth platform in innovative digital services, while also achieving greater operational excellence.”
Discussing Mr Brown’s appointment, Mr Andersen said “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.”
Mr Marsh said Mr Brown was “a natural choice to lead the company. He knows the company inside out having risen through the ranks, yet his views are progressive and forward-looking.”
Mr Brown said “It has been a great pleasure to work with Alastair and it is an honour to succeed him as chief executive. We are well equipped for the future building upon Alastair’s legacy of company transformation.”
LR has not as yet announced a successor to Mr Brown.
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