Governance | LR Foundation

The Foundation is governed by a Board of Trustees, which is responsible for setting the Foundation’s strategy and for ensuring it fulfils its objectives – delivering public benefit – and for ensuring good governance. The Managing Director, Richard Clegg, is responsible to the Board for the operation of the Foundation.

The Trustees and Managing Director of the Lloyd's Register Foundation are listed below.

Thomas Thune Andersen, Chairman

Thomas is the Chairman of the Lloyd’s Register Foundation and Chairman of Lloyd’s Register Group Ltd. Thomas, a former Member of the Board for the A.P. Moller-Maersk Group with almost 32 years in the maritime and energy sectors, was appointed to the Board of the former Lloyd’s Register in June 2010. Thomas is Chairman of Dong Energy A/S, Senior Independent Director of Petrofac, Vice Chairman of VKR Holding, the parent group of Velux and Non-Executive Director of BW Offshore Limited.

Professor Richard Clegg, Managing Director

Richard joined Lloyd’s Register (LR) in 2010 as Global Nuclear Director for the Energy business. He brings a wealth of experience from the nuclear sector and has worked in industry, academia and government in both the civil and defence sectors. Before joining LR, Richard was the Managing Director of the UK's National Nuclear Centre of Excellence. His other posts include Chief Scientist and Board Director at the Atomic Weapons Establishment (AWE) and he was the founding Director of the Dalton Nuclear Institute at The University of Manchester. Richard worked for nearly 20 years for British Nuclear Fuels (BNFL) where he left as the Corporate Director of Science. His technical background is in radioactive waste disposal and environmental modelling.

Lambros Varnavides - Senior Independent Trustee

Lambros is the former Managing Director and Global Head of Shipping at The Royal Bank of Scotland. He is Deputy Chair of the Baltic Exchange and sits on its Finance and Charity Committee. He is also a court assistant to the Worshipful Company of Shipwrights and Chair of its Finance Committee. He was appointed Senior Independent Trustee of the Lloyd’s Register Foundation on the 29 September 2015 and chairs the Grants Committee.

Sir Brian Bender - Trustee

Brian retired from the Civil Service in 2009 having been a Permanent Secretary for nearly 10 years. His final position was at the Department for Business, having served previously at DEFRA. He is Chairman of the London Metal Exchange, Chair of Water UK, a governor of Dulwich College and Non-Executive Director of the Financial Reporting Council and Pool Reinsurance, among other posts.

Ron Henderson - Trustee

Ron is a Chartered Accountant and former CFO of Network Rail and Balfour Beatty. In addition to other non-executive roles he also served on the UK Auditing Practices Board. Ron chairs the Audit Risk and Investment Committee. Ron is also a Non-Executive Director of Lloyd’s Register Group Ltd.

Rosemary Martin - Trustee

Rosemary was appointed Group General Counsel and Company Secretary of Vodafone Group in April 2010. She previously served as CEO of the Practical Law Group, having spent 11 years with Reuters Group Plc in various company secretary and legal roles – the last five years as Group General Counsel and Company Secretary. Before joining Reuters, she was a partner with Mayer, Brown, Rowe & Maw. Rosemary was admitted as a solicitor in 1984 and holds a degree in Philosophy and Literature and an MBA in Legal Practice. She is a member of the Financial Services Authority’s Listing Group Advisory Committee and an Independent Non-Executive of Ernst & Young.

Carol Sergeant CBE - Trustee

Carol has non-executive positions on the boards of Danske Bank and Tullett Prebon plc. She is also Chairman of the whistle blowing charity Public Concern at Work, Chairman of the BSI Standards Strategy and Policy Committee, a member of the Governing Council and Trustee of the Centre for the Study of Financial Innovation and member of the Cass Business School Advisory Board. She has previously been Managing Director on the board of the Financial Services Authority, and Chief Risk Officer at Lloyds Banking Group, having begun her career at the Bank of England.