In line with our statement in 2005, in which Executive Chairman David Moorhouse signalled his intent to relinquish executive responsibility for the Lloyd’s Register Group by the end of June 2007, we are pleased to announce that Richard Sadler has been appointed as Chief Executive Officer of the Lloyd’s Register Group, following a unanimous vote by our Board. The appointment will come into effect on July 1, 2007, with transfer of day-to-day operational responsibilities to Sadler beginning immediately, such that by July he will have full executive responsibility for the organization. Moorhouse will remain a vital part of the Lloyd’s Register Group as its Chairman.
Sadler, who currently holds the position of Director of Lloyd’s Register EMEA, first joined Lloyd’s Register in 1976, working in the marine, industrial and offshore sectors before moving on to a number of overseas postings. He returned to the UK in 1995 to take up the position of Corporate IT Business Manager and held a number of managerial roles before becoming Marine General Manager of Lloyd’s Register’s London Operations in 2000. In 2004, Sadler moved to the Royal Bank of Scotland (RBS) to become Director of Ship Asset Management, a role which he fulfilled for two years before returning to Lloyd’s Register.