JLR appoints Adrian Mardell as new CEO
The JLR Group has appointed Adrian Mardell as its new permanent CEO. Mardell had already held the post on an interim basis since the resignation of former CEO Thierry Bolloré at the end of 2022. A new chief financial officer has also been appointed.
The former Renault manager Thierry Bolloré announced his resignation at the end of the year in November 2022 – for personal reasons, as was said at the time. Parallel to the announcement, Adrain Mardell had already been appointed and trained as interim CEO. Since 1 January 2023, Mardell has been the sole leader of the carmaker, which now operates only as JLR.
Under Bolloré, Mardell still served as chief financial officer on the board. Now his successor in this position has also been decided: JLR has confirmed the appointment of Richard Molyneux as the carmaker’s Chief Financial Officer. This is also something of a de-term appointment: Molyneux had been interim CFO since December 2022. Prior to that, he served as JLR’s Finance Director of Operations for six years.
JLR announced that it would invest 15 billion pounds in its electric future over the next five years. The equivalent of around 17 billion euros will be used to develop electric platforms and make plants fit for their (component) production.
“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,” says , Natarajan Chandrasekaran, Chairman of Tata Sons. “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.”
Tata subsidiary Jaguar Land Rover now refers to itself simply as JLR. ‘Land Rover’ as a brand has been dissolved, and the familiar model names of earlier Land Rover models have been elevated to separate brands in their place. Therefore, JLR currently comprises the brands Range Rover, Defender, Discovery and Jaguar.