Nick Brown, currently marine & offshore director, will succeed Marsh and join the LR Group Board Jan. 1.
Transformative leader
'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,' LR Chairman Thomas Thune Andersen said.
'The company has also diversified its portfolio through acquisition, expanding into new industries such as food safety and cybersecurity. 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,' Thune Anderson continued. '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.'
Nick Brown brings deep experience, customer focus
On Brown’s appointment, Thune Andersen added: '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.'
Marsh expressed his appreciation for the board's support and acknowledged 'so many committed and talented colleagues,' adding: 'I am enormously proud of everything we have achieved together, supporting our clients while fulfilling our purpose to make the world a safer place.'
Marsh called Brown 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.'
Agility and resilience
'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,' Brown said. 'We are well equipped for the future building upon Alastair’s legacy of company transformation.'
A successor to Brown will be appointed.
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