Nick Brown, currently Marine & Offshore Director at Lloyd’s Register, is to succeed Alastair Marsh as Lloyd’s Register Group Chief Executive Officer on January 1, 2021.
Marsh will retire from the CEO role at the end of this year, after five years in that position and a 14-year career with LR, with a view to taking on some non-executive and advisory roles.
Brown, 45, was chosen to succeed Marsh after a comprehensive selection process and will join the LR Group Board on January 1 2021. He will continue in his current role until this date.
Commenting on the announcement, 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 modernization and cultural change strategy. Following the significant investment in new systems and processes, LR is a far more agile and customer-focused organization, 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 cybersecurity. His foresight on modernization 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.”
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.”
“It has been a great pleasure to work with Alastair and it is an honor to succeed him as chief executive,” said Brown. “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.”