Tata Motors, owner of Jaguar Land Rover, has announced that the British company’s CEO is stepping down from his post. Information is scarce at the moment, but Thierry Bollore said the move was the result of personal reasons, without elaborating.
Automotive News Reports Bollore will step down from his post effective December 31, meaning Jaguar Land Rover will have a new boss next year. The online publication said Adrian Mardell, currently in charge of the automaker’s finance department as chief financial officer, would take on the role of interim CEO. Mardell is currently a member of the board of directors of JLR and has worked for the company for 32 years.
Bollore was appointed CEO of JLR in September 2020 after eight years at the Renault Group. At the French manufacturer, he took on roles as executive vice president for manufacturing and supply chain, chief competitive officer, chief operating officer, chief executive officer for Renault, among others. Prior to that, the 59-year-old entrepreneur spent five years at Faurecia, an international auto parts manufacturer, following a 15-year career at Michelin where he completed his stint as vice president in charge of industry for Michelin’s Aircraft Business worldwide.
Replacing Bollore as CEO of Jaguar Land Rover, at least temporarily, is Adrian Mardell, who has been the company’s chief financial officer since June 2019. He has spent 30 years working in finance roles at JLR, having joined the automaker in 1990. Interesting tidbit regarding his personal life is that he is a National Hunt horse racing fan, as well as an avid supporter of American football, particularly the Detroit Lions.
More information regarding the unexpected move is likely to be revealed soon. Jaguar Land Rover hasn’t said when it will announce a permanent successor to the Bollore, but we expect it to be in the next few months.