Tata Motors’ UK Unit JLR Appoints Adrian Mardell As CEO

Jaguar Land Rover also appoints Richard Molyneux as CFO
Tata Motors’ UK Unit JLR Appoints Adrian Mardell As CEO
Source: JLR

Indian automaker Tata Motors Ltd.’s UK-based luxury car unit Jaguar Land Rover Automotive Plc (JLR) appointment Adrian Mardell as chief executive officer of the company.

The appointment of Mardell, who was named interim CEO on 16 November 2022, is for a three-year term, JLR said in a statement. He previously served as chief financial officer and a member of the JLR board for three years, it added.

JLR also appointed Richard Molyneux as CFO of the company. He was named acting CFO on 12 December 2022 after serving as finance director – operations for six years, it noted.

“I look forward to working with them further, delivering JLR’s transformation to modern luxury, which is well underway,” said N. Chandrasekaran, chairman of Tata Sons, Tata Motors and JLR.

JLR’s Reimagine strategy is delivering a sustainability-rich vision of modern luxury by design, according to the statement. The company is transforming its business to become carbon net zero across its supply chain, products, and operations by 2039, it said.

“Our financial position continues to improve and this, coupled with our enviable brands and our investment of 15 billion pounds ($19.31 billion) over the next five years, gives me great confidence in the delivery of our transformation,” Molyneux said.

JLR has two design and engineering sites, three vehicle manufacturing facilities, an engine manufacturing center, and a battery assembly center in the UK. The British company also has vehicle plants in China, Brazil, India, Austria, and Slovakia, as well as seven technology hubs across the globe.

Note: $1 = 0.77686 British pounds

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