Adrian Mardell has officially taken the helm as the CEO of Jaguar Land Rover (JLR), shedding his interim role held for eight months following the departure of former CEO Thierry Bolloré. Mardell, previously JLR’s Chief Financial Officer and a member of the board of directors for three years, has committed to a three-year term in his new position.
His appointment coincides with the Tata Group’s announcement of a substantial £4-billion investment to establish a 40GW battery cell gigafactory in the UK, reinforcing JLR’s electric ambitions.
Since stepping into the interim CEO role, Mardell has notably led the company through a strategic update in April, revealing pivotal operational and industrial plans. Notably, he confirmed JLR’s decision not to construct its own EV battery facility but to become a “key customer” of an upcoming Tata Motors-owned plant.
JLR has also introduced Richard Molyneux as its Chief Financial Officer, following his role as Acting Chief Financial Officer since December 2022. Molyneux’s leadership builds on six years as Finance Director, Operations, JLR. Reflecting on the financial progress and a £15-billion investment over the next five years, Molyneux expressed confidence in the ongoing transformation.
N Chandrasekaran, Chairman of Tata Motors and JLR, lauded the appointments, acknowledging Mardell and Molyneux as a formidable team with robust automotive and leadership acumen. As JLR moves steadfastly towards modern luxury through its electric-driven path, these strategic appointments are set to shape the company’s future trajectory.