Lloyd's Register's (LR) CEO Richard Sadler will step down at the end of this year, after eight years in the role. The Lloyds Register Group Ltd Board of Directors has announced the appointment of current CFO, Alastair Marsh, as his successor. LR said: "Since Richard Sadler's appointment as CEO in 2007, he and the executive team have implemented a group strategy that has seen LR diversify its service portfolio and grow to a £lbn 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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