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SpecTec boss becomes new CEO for LR OneOcean

Caption: Martin Penney (© LR One Ocean)

The British classification society Lloyds Register (LR) is replacing the CEO of the new LR OneOcean division.

The British company acquired OneOcean in 2022, followed by the bundling of various digital offerings under one roof last year [ds_preview].

LR is now also making a change at the top of the division: Martin Penney will succeed Martin Taylor as Chief Executive Officer of LR OneOcean, according to a press release. Taylor has decided to retire in May.

Penney, previously CEO of shipping software provider SpecTec, joined Lloyd’s Register on February 19. He has over 25 years of experience in digital solutions in the aviation, shipping, logistics and supply chain sectors.

OneOcean CEO comes from SpecTec

Penney’s technical background has “led to an extensive global career” in which he has held senior commercial roles at Eniram, BMT and Marorka. During his five-plus years at SpecTec, Penney drove the modernization of the company’s leading software products, resulting in significant growth.

Nick Brown, LR CEO, said: “We are delighted to welcome Martin Penney to the team as LR OneOcean embarks on its next phase of growth.” Penney himself said LR OneOcean is at the heart of change, helping shipping companies streamline their operations and make impactful decisions.

LR acquired OneOcean in June 2022. The digital solutions platform, which provides real-time insights into navigation, performance and compliance, is currently used on over 22,000 vessels. Taylor founded the company as a single entity in 2010.

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