MUMBAI: Jaguar Land Rover (JLR), an arm of Tata Motors, on Thursday promoted interim CEO Adrian Mardell as chief executive officer for three years.
The appointment came a day after Tata Motors’ parent Tata Sons announced plans to build an electric vehicle battery factory in the UK to supply its JLR facilities. Mardell, 62, will oversee JLR’s transformation plans as it would infuse 15 billion pounds over five years in electric vehicles and promised to roll out a new electric Jaguar in 2025.
Mardell, a British national, has held the interim position since November 2022 following the departure of former CEO Thierry Bollore. Mardell, a chartered accountant by training, has been with JLR for 33 years, joining in 1990 a year after Ford Motor acquired Jaguar, while Land Rover was still a part of the independent Rover Group. Ford acquired Land Rover in 2000 and eight years later, it sold both the brands to Tata Motors for $2. 3 billion.
Prior to becoming interim CEO, Mardell, a fan of National Hunt horse racing and an avid supporter of American football, specifically the Detroit Lions, served as JLR’s CFO. It is likely that Mardell, like former JLR CEOs, Bollore and Ralf Speth, could join the board of Tata Motors.
The automaker also made acting CFO Richard Molyneux’s role permanent. Molyneux was appointed acting CFO in December 2022 after he spent six years as JLR’s finance director.
The appointment came a day after Tata Motors’ parent Tata Sons announced plans to build an electric vehicle battery factory in the UK to supply its JLR facilities. Mardell, 62, will oversee JLR’s transformation plans as it would infuse 15 billion pounds over five years in electric vehicles and promised to roll out a new electric Jaguar in 2025.
Mardell, a British national, has held the interim position since November 2022 following the departure of former CEO Thierry Bollore. Mardell, a chartered accountant by training, has been with JLR for 33 years, joining in 1990 a year after Ford Motor acquired Jaguar, while Land Rover was still a part of the independent Rover Group. Ford acquired Land Rover in 2000 and eight years later, it sold both the brands to Tata Motors for $2. 3 billion.
Prior to becoming interim CEO, Mardell, a fan of National Hunt horse racing and an avid supporter of American football, specifically the Detroit Lions, served as JLR’s CFO. It is likely that Mardell, like former JLR CEOs, Bollore and Ralf Speth, could join the board of Tata Motors.
The automaker also made acting CFO Richard Molyneux’s role permanent. Molyneux was appointed acting CFO in December 2022 after he spent six years as JLR’s finance director.
