During Adrian Mardell’s tenure, JLR reached key business milestones, including a return to positive free cash flow and achieving net zero automotive debt by the end of FY25.
31 Jul 2025 | 5764 Views | By Hormazd Sorabjee
Adrian Mardell, Jaguar Land Rover (JLR) 's chief executive officer, has announced his decision to retire, ending a distinguished 35-year career with the company. The company confirmed that his successor will be announced in due course.
“Adrian Mardell has expressed his desire to retire from JLR after three years ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
Adrian Mardell, Jaguar Land Rover (JLR) 's chief executive officer, has announced his decision to retire, ending a distinguished 35-year career with the company. The company confirmed that his successor will be announced in due course.
“Adrian Mardell has expressed his desire to retire from JLR after three years as CEO and 35 years with the company. His successor will be announced in due course,” a Jaguar Land Rover spokesperson said in an official statement to Autocar India.
Adrian Mardell joined Jaguar Land Rover in 1990 and has held a range of senior financial roles over three decades. He became Deputy CFO and Operations Controller in 2008, later serving as Chief Transformation Officer, where he launched key company-wide programmes—‘Charge’, aimed at short-term profit and cash flow improvement, and ‘Accelerate’, focused on long-term operational efficiency. In June 2019, he was appointed Chief Financial Officer, leading the financial management of the business to support shareholder value and growth ambitions
Mardell took over as interim CEO in November 2022 following Thierry Bolloré’s departure and was formally appointed to the role in July 2023. His leadership coincided with a pivotal phase in JLR’s transformation journey—driving financial recovery, strategic clarity, and electrification.
Under his stewardship, JLR achieved significant business milestones, including a return to free cash flow positivity and the attainment of net zero automotive debt by the end of FY25. The turnaround was supported by strong global demand for the Range Rover, Defender, and Range Rover Sport line-ups, operational efficiencies, and tighter cost controls.
Mardell also advanced the company’s ‘Reimagine’ strategy—repositioning JLR as a modern luxury brand and committing to an all-electric Jaguar line-up and electrified Land Rover models in the coming years. He pushed forward platform consolidation, plant modernization, and software-led innovation, while ensuring stability during supply chain disruptions.
In recent quarters, Mardell also had to navigate geopolitical and trade-related uncertainties, including the rising complexity around global EV tariffs, especially in the UK-EU-China corridor with the US, which continues to affect automakers with international manufacturing footprints.
JLR was compelled to revise its FY 26 EBIT margin guidance sharply downwards to 5–7%, well below the prior target of 10%, largely due to US tariff pressures on vehicles and components with Chinese content—even those manufactured in the UK or EU—as well as elevated investments in electrification and ongoing product transition
JLR is expected to announce interim or permanent leadership in the coming weeks as it prepares for the next stage of its transformation.