![Alastair Marsh is set to succeed Richard Sadler as CEO of Lloyd's Register at the end of the year](https://iims-media-library.s3.eu-west-2.amazonaws.com/wp-content/uploads/2015/05/12154357/Alastair-Marsh-LR-300x223.jpg)
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 Ltd Board of Directors has announced the appointment of current CFO, Alastair Marsh, as his successor.
Since Richard Sadler’s appointment as CEO in 2007, he and the executive team have implemented a group strategy that has seen Lloyd’s Register (LR) diversify its service portfolio and grow to a £1bn turnover business. This period saw the creation of the Lloyd’s Register Foundation in 2012, maximising the group’s contribution to society, and technology leadership through LR’s Global Technology Centres in Southampton and Singapore.
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