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 Group said in a statement it has appointed its current CFO, Alastair Marsh, as his successor.
Alastair Marsh joined LR as Group Financial Controller in April 2007 and was appointed as Group Finance Director in April 2008.
Previously he held a number of senior financial management positions, including CFO and Company Secretary of Superscape Group plc, and prior to that he held similar roles at Easynet Group plc, Laporte plc, and NCR Corporation.
Richard will pass the CEO role to Alastair on the 1st October 2015 and commence a formal handover period until the end of December 2015.