JLR names Adrian Mardell as new permanent CEO
Interim boss of eight months given full role as JLR pushes towards becoming an electric-first business.
Adrian Mardell has been named permanent CEO of Jaguar Land Rover (JLR), having led the company on an interim basis since the departure of his predecessor, Thierry Bolloré, late last year.
Mardell was previously chief financial officer at JLR and had been on the company's board of directors for three years prior to his appointment to the top job. He has signed a three-year contract for the new position, according to JLR.
The appointment comes a day after the Tata Group announced the over £4-billion investment to set up a 40GW battery cell gigafactory in the UK.
Since being named as Bolloré's replacement in November, Mardell has made several high-profile appearances and announcements on behalf of the company, most notably during a wide-reaching strategy update in April, at which he gave key details of the company's operational and industrial future.
It was at this event that Mardell confirmed JLR would not build its own EV battery factory, instead becoming an "anchor customer" of a facility to be built by parent company Tata Motors.
JLR also announced the appointment of Richard Molyneux as its Chief Financial Officer. He was appointed Acting Chief Financial Officer, on December 12, 2022, following six years as Finance Director, Operations, JLR. Molyneux said: “Our financial position continues to improve and this, coupled with our enviable brands and our investment of £15 billion over the next five years, gives me great confidence in the delivery of our transformation.”
“I offer my warmest congratulations to Adrian Mardell and Richard Molyneux on their respective appointments to Chief Executive Officer and Chief Financial Officer of JLR. Adrian and Richard are an exceptional team with strong automotive and leadership experience. I look forward to working with them further, delivering JLR’s transformation to modern luxury which is well underway, said N Chandrasekaran, Chairman of Tata Motors and JLR.
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