Annual Review 2018/19
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Annual Review 2018/19

Reaching new heights for a safer world.

Safety is core to everything we do, for our colleagues, for our customers and for society.

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At a glance

Working together for a safer world

Lloyd’s Register (LR) is a global professional services organisation specialising in engineering and technology solutions that improve the safety and performance of complex, critical infrastructure and supply chains.

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Colleagues worldwide

0 in over 75 countries

Working with

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Working across

0 sectors in 173 countries

Chairman’s statement

Safety and profit with purpose.

Safety underpins all that we do and remains a priority for the Board, executive team and colleagues.

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LR’s expertise, combined with the work of the Lloyd's Register Foundation, is focussed on making a positive impact on society within a purpose-driven business model for the 21st century.

Thomas Thune Andersen Chairman

Chief Executive’s Review

Transforming our business.

Four years ago we launched a new strategy to transform our business. We looked to become more integrated, technology-enabled and agile, to increase our customer focus, to invest in our exceptional people and to increase our ability to influence the world around us.

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Investing in our people is a key pillar of our strategy, not only to maintain our high standards of technical expertise and service delivery, but also to achieve our commercial goals in an evolving marketplace.

Alastair Marsh Chief Executive Officer

Our strategy

Enhanced innovation and customer focus.

Our strategy is to help our customers operate their businesses and assets safely and profitably while optimising our return to the Lloyd’s Register Foundation in order to fulfil our purpose to make the world a safer place.

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Technologies of the fourth industrial age have the potential to transform safety, opening up new ways to save lives, prevent injuries and protect assets.

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We always stay true to our purpose and use the UN Sustainable Development Goals (SDGs) as a framework to measure how we contribute to a safer and more sustainable world.

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Trust and security

We are helping some of the world’s largest food and hospitality businesses to extract value from their data and address threats to their in-house food safety, health and safety, sustainability and supply chain standards.

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Performance and risk

Industry 4.0 has created some promising new ways to assure asset integrity and provide a holistic, real-time understanding of operating assets to optimise production and operating costs, while minimising risk.

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Life at Lloyd’s Register

Our people.

Whether it’s our global scope, world-class projects, or our strong sense of purpose, there are so many compelling reasons to join us and build a long-lasting career here.

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Our Board

Governing and directing our activities.

The Board of Directors and management leadership team work together to govern and direct our activities.

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Thomas Thune Andersen


Thomas is the Chairman of the Lloyd’s Register Foundation and Chairman of Lloyd’s Register Group Limited. A former member of the executive Board of the A.P. Moller-Maersk Group with more than 30 years tenure in its maritime and energy sectors, he was appointed to the Board of the former Lloyd’s Register in June 2010.

Ellis Armstrong

Non-Executive Director

Ellis had an extensive career in the upstream oil and gas industry where he spent over 30 years with BP. He now has a portfolio of Non-Executive Board roles. In addition to Lloyd’s Register, he is on the Board of Frontera Energy. He has a BSc and PhD in Civil Engineering and a Master’s degree in Business Administration.

Chris Finlayson

Non-Executive Director

Chris is Chairman of Lloyd’s Register Group Ltd Remuneration Committee. He is also Chairman of Siccar Point Energy, a Director of Høegh LNG and a Non-Executive Director of Swire Pacific Offshore and TGSNOPEC Geophysical Company ASA. He was previously Chief Executive of BG Group.

Caroline Firstbrook

Non-Executive Director

Caroline has a degree in electrical engineering and an MBA from Harvard. She is currently COO at Clifford Chance LLP, a major law firm. She has a background in consultancy, particularly the development of corporate strategy, including managing 1,000 strategy professionals while at Accenture.

Mark Kelsey

Non-Executive Director

Mark is the Chief Executive Officer for RELX Group PLC’s Risk and Business Analytics division, responsible for Lexis Nexis Risk Solutions and Reed Business Information (RBI). He was appointed as CEO in 2010 and transformed RBI from a traditional magazine publisher to a leading provider of online and data services.

Michael F Lykiardopulo

Senior Independent Director

Michael was appointed Senior Independent Director on 26 May 2016. Michael is Managing Director of Lykiardopulo and Co Ltd and is responsible for the commercial management of a fleet of oil tankers and bulk carriers. He is presently also Chairman of the Hellenic War Risks Association.

Ishbel Macpherson

Non-Executive Director

Ishbel is the Chairman of Lloyd’s Register Group Ltd Audit and Risk Committee. She has spent over 20 years in corporate finance with BZW, ABN AMRO Hoare Govett and Dresdner Kleinwort Benson. She is a Trustee of Lloyd’s Register Foundation and a member of its Audit, Risk and Investment Committee.

Alastair Marsh

Chief Executive Officer

Alastair joined the Board as CFO in 2007 and was appointed Group Chief Executive in October 2015. Prior to joining Lloyd’s Register he held senior finance positions at Easynet Group plc, Laporte plc and NCR Corporation. Alastair is a Trustee of the Board and Chair of the Audit Committee of the Royal Museums Greenwich.

Mary Waldner

Chief Financial Officer

Mary joined Lloyd’s Register in March 2016, having previously been Group Finance Director at Ultra Electronics plc. Before this Mary was Director, Group Finance at QinetiQ Group plc and Group Financial Controller at 3i Group plc. She is also a Non-Executive Director and Chair of the Audit Committee at Oxford Instruments plc.