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Birmingham Post
Birmingham Post
Business
Jon Robinson

Jaguar Land Rover CEO Thierry Bolloré resigns

The chief executive of Jaguar Land Rover has resigned after two years in the job.

Thierry Bolloré has announced his resignation from the company for personal reasons and will leave on December 31.

He will be succeeded on an interim basis by Adrian Mardell who has worked for JLR for 32 years. He has been a member of the executive board for the last three years.

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Mr Bolloré said: "I am immensely proud of what we have achieved together at Jaguar Land Rover over the last two years.

"The company's transformation and acceleration towards a sustainable, profitable future as a modern luxury business is underway at great pace.

"I would like to thank the whole team for their dedication and passion and I wish the entire organisation the very best for the future."

Natarajan Chandrasekaran, chairman of Tata Sons, Tata Motors and Jaguar Land Rover plc, said: "I want to thank Thierry for everything he has done at Jaguar Land Rover.

"The foundations for a successful transformation have been laid, leaving the company well poised for the future."

The news comes after JLR said said the production ramp up of two models helped sales rise and cut its pre-tax losses during its latest financial period.

The automotive giant, which has UK bases across the North West and Midlands, said the new Range Rover and Range Rover Sport helped its revenue rise 36% to £5.3bn in the three months to September 30, 2022, compared the same period in 2021.

JLR also confirmed its pre-tax losses were cut from £302m to £173m.

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