Adrian Mardell, CEO of Jaguar Land Rover (JLR), has announced his resignation
The company confirmed that Mardell, 64, is retiring after a three-year tenure as CEO and a total of 35 years with the company. His official retirement date is scheduled for December 31, 2025.
Mardell's leadership began in 2023, following the abrupt departure of his predecessor, Thierry Bolloré. He took the helm during a period of significant financial challenges in the wake of the pandemic. Under his guidance, JLR achieved a notable turnaround, posting its best profits in years with ten consecutive profitable quarters.
His departure comes at a critical juncture for JLR, which is in the midst of its "Reimagine" transformation program. This ambitious plan includes the controversial rebranding of the Jaguar nameplate and a strategic shift to become an all-electric, ultra-luxury brand. The new Jaguar lineup, with vehicles priced over £100,000, is set to launch in 2026. The company is also currently navigating new US tariffs on its exports.
A successor for Mardell has not yet been named. JLR has stated that an announcement will be made "in due course," and it remains unclear whether the company will appoint an internal candidate or conduct an external search.
I'm Aisha shehu
Talksocialtalka News
