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Marsh to take up helm at LR as Sadler stands down

Marsh to take up helm at LR as Sadler stands down
Lloyd’s Register (LR) cfo Alastair Marsh is to take over as ceo when Richard Sadler stands down at the end of the year.

Sadler, who has been LR ceo for eight years is standing down at the end of the year to “pursue new challenges”.

A six-month of potential successors from both within and outside LR, concluded that current cfo Marsh was the right man for the job.

Marsh has been with LR since 2007 when he joined as group finance director.

Sadler commenting on his decision to stand down as ceo said: “When I was appointed in 2007, I made a public commitment that I would serve as ceo for five years. After eight years in the role I believe it is now time to step down to pursue new challenges while I’m still young enough.

“It has been a great honour to serve as ceo of LR – it is a unique organisation with a history, purpose and values of which I am immensely proud.”