JLR boss to step down with immediate effect
The chief executive of Jaguar Land Rover (JLR) has resigned, saying that “personal reasons” are behind the decision.
Thierry Bolloré is set to be replaced by JLR finance boss Adrian Mardell who will take the role on an interim basis, according to parent company Tata Motors.
Tata Motors said that Bollore will formally leave the role at the end of 2022, after two years with the car manufacturer.
Thierry 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 Motors and JLR, 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 a week after JLR enjoyed a 36% increase in second quarter revenues.