Jaguar Landrover (JLR), a unit of the Indian automaker tata Motors, said on Thursday it had appointed interim boss Adrian Mardell as chief executive to a three-year term.
Mardell, who has been with JLR for 33 years and became chief financial officer in 2019, transitioned to the role of interim CEO last November when Thierry Bollore stepped down for personal reasons.
The automaker has also exercised CFO rights and former McLaren Fixed role of auto finance director Richard Molyneux. Molyneux, who previously spent more than six years as JLR’s chief financial officer, was appointed acting chief financial officer last December.
Mardell’s appointment comes a day after Tata Corporation announced plans to build a tram (Tram) battery factory in the UK to supply Jaguar Land Rover factories.
Mardell, 62, a British national, will also be tasked with overseeing JLR’s electrification plans after the company announced in April that it would invest £15 billion ($19.28 billion) over the next five years in electric vehicles and promised to deliver a new type of electric vehicle. Jaguar in 2025.
High-end automakers, including Range Rover And defenderannounced a 30% increase in first-quarter wholesale volume earlier this month and forecast free cash flow of more than £2 billion for the current financial year.
