Lloyd’s Register (LR) has found a replacement for Alastair Marsh, who was promoted from chief financial officer (CFO) to chief executive on 1 October.

Mary Waldner has been appointed as the classification society’s new finance head, after a long career at Vauxhall Motors and British Airways.

She is currently group finance director at FTSE 250-listed defence, security, transport and energy company Ultra Electronics.

Marsh,