Key Points
- Adrian Mardell is appointed as the permanent CEO of the JLR Group, after serving as the interim CEO since the resignation of former CEO Thierry Bolloré in November 2022.
- Thierry Bolloré resigned from his position for personal reasons, and Adrian Mardell was initially appointed as the interim CEO and later became the sole leader of the company.
- Richard Molyneux has been confirmed as the Chief Financial Officer (CFO) of JLR, having previously served as the Finance Director of Operations for six years and interim CFO since December 2022.
- JLR has announced a significant investment of 15 billion pounds over the next five years for its electric future, focusing on developing electric platforms and upgrading production plants for electric vehicle components.
- Tata subsidiary Jaguar Land Rover is now referred to as JLR. The brand ‘Land Rover’ has been dissolved, and previous Land Rover model names have been elevated to separate brands. The company currently comprises the brands Range Rover, Defender, Discovery, and Jaguar.
- Natarajan Chandrasekaran, Chairman of Tata Sons, congratulated Adrian Mardell and Richard Molyneux on their respective appointments, expressing confidence in their leadership experience and the ongoing transformation of JLR into a modern luxury brand.
Details
Adrian Mardell has been officially appointed as the permanent CEO of the JLR Group, following his previous role as interim CEO after the resignation of former CEO Thierry Bolloré in November 2022. Alongside this appointment, Richard Molyneux has been confirmed as the Chief Financial Officer (CFO) of the carmaker.
Thierry Bolloré resigned from his position as CEO for personal reasons, and Adrian Mardell was chosen as the interim CEO and later became the sole leader of the company. During Bolloré’s tenure, Mardell also served as the chief financial officer on the board.
Interim CFO
Richard Molyneux, who previously served as JLR’s Finance Director of Operations for six years, took over as the interim CFO in December 2022 and has now been permanently appointed to this position.
JLR has announced a substantial investment of 15 billion pounds in its electric future over the next five years. The company plans to use this funding to develop electric platforms and upgrade its production plants for electric vehicle components.
JLR
Following the changes in the company’s structure, the Tata subsidiary Jaguar Land Rover now goes by the name JLR. The brand ‘Land Rover’ has been dissolved, and the model names previously associated with Land Rover vehicles have been elevated to separate brands. Therefore, JLR currently consists of the brands Range Rover, Defender, Discovery, and Jaguar.
Natarajan Chandrasekaran, Chairman of Tata Sons, congratulated both Adrian Mardell and Richard Molyneux on their new appointments, expressing confidence in their automotive and leadership experience as an exceptional team leading the transformation of JLR into a modern luxury brand.
