Lloyd’s Register has announced Nick Brown as it’s new chief executive after Alastair Marsh revealed plans to retire at the end of the year.
Mr Marsh joined the firm in 2007 and was promoted to chief financial officer in 2008, before becoming chief executive in 2015.
Prior to joining Lloyd’s Register he worked for leading accountancy firm Price Waterhouse.
Current marine & offshore director, Nick Brown who will take up the position of chief executive on 1 January 2021.
The 45-year-old joined Lloyd’s Register in 1996 as a marine surveyor and has held a range of leadership positions at the firm, including heading up its operations in China.
Thomas Thine Andersen, Lloyd’s Register chairman 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. His foresight on modernisation has ensured that LR is well positioned for ongoing growth in increasingly challenging and dynamic markets, whilst fulfilling our purpose, working together for a safer world. I would like to thank him personally, and on behalf of the Board, for his contribution to Lloyd’s Register and in particular his strong leadership of the company through the recent global pandemic.”
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. Having worked for Lloyd’s Register in a variety of senior leadership roles around the world, Nick has a deep understanding and experience of our business and the sectors and markets in which we operate, as well as a strong track record of delivering consistent high-quality services and business growth.
“He is a customer focussed leader with a passion for purpose who epitomises our values. The Board warmly welcomes Nick to the role and wishes him every success.”
Alastair Marsh said: “It has been an absolute privilege to lead Lloyd’s Register over the last five years and I would like to thank the Group Board and Trustees of the Foundation Board for their support during the business’s strategic transformation.
“I have had the pleasure to work with so many committed and talented colleagues and I am enormously proud of everything we have achieved together, supporting our clients while fulfilling our purpose to make the world a safer place.
“I have worked closely with Nick for many years and think he’s 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. I am very confident that LR will continue to prosper under his leadership, building upon our strengths and embracing new opportunities.”
Nick Brown said: “It has been a great pleasure to work with Alastair and it is an honour to succeed him as chief executive. I am truly excited about the role and our future as I’ve had the opportunity to experience first-hand the difference that we make to our clients and their businesses.
“My new role comes at a time of change – the pandemic, global economic recovery and climate change – and I am confident that Lloyd’s Register has both the agility and resilience to survive and thrive.
“We are well equipped for the future building upon Alastair’s legacy of company transformation. I would like to extend my gratitude to Alastair for his support and leadership of Lloyd’s Register and look forward to working closely with him over the next few months.”