Foresight Group Appoints Richard Sadler as New CEO

Following the resignation of Mr. Anil Deshpande as CEO of Foresight, London, the Group is pleased to announce that Mr. Richard Sadler FREng has agreed to a consultancy agreement fulfilling the functions of Chief Executive Officer from 1 January 2016.

Richard Sadler comes to the Group with a wealth of business experience, having been Chief Executive Officer of the Lloyd's Register Group for the last eight years after joining from RBS, where he was the Director of Asset Management. During his time as Chief Executive, he widened Lloyd's Register's activity to include marine, energy, industrial compliance, and consultancy services. He grew turnover from £480 million to £1.1 billion and realized the Southampton and Singapore Global Technology Centres. He also instigated the Group becoming wholly owned by the Lloyd's Register’s Charitable Foundation, focusing on research and development and education.

In agreeing to his new contract with the Foresight Group, Richard is entering new commercial sectors of asset ownership and service industries. He says he “looks forward to joining the family company, widening his knowledge and taking the Group forward with new ideas that can foster stability and growth in this challenging period following the downturn in the oil markets.”

For further information, please contact:
Dr. R. K. Mehrotra CBE, Chairman
Email: [email protected]
Phone: 020 7398 4070

or Richard Sadler, CEO
Email: [email protected]
Phone: 020 7398 4070

This article was originally published on Marine & Industrial Report newspaper Vol 38  No.1  Issue last February 29,2016.