Jaguar Land Rover CEO Mardell to retire at end of 2025
A spokesperson confirmed the news to Autocar Professional India, and added, 'His successor will be announced in due course'. It's unclear right now whether the automaker's new CEO will come from inside the company, another automaker or supplier, or from outside the industry altogether.
Mr Mardell became Jaguar Land Rover's interim CEO at the end of 2022 after his predecessor Thierry Bollore quit suddenly 'for personal reasons' after just two years in the job. Mr Mardell signed a three year contract in the middle of 2023.
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Prior to becoming CEO, he worked largely on the financial side, was deputy chief financial officer (CFO) from 2008 before later adding chief transformation officer to his responsibilities, and then becoming CFO in 2019.
During his relatively short time in charge, Mr Mardell trimmed the company's net debt to around zero, and brought the British automaker back into the black, with the company making a £1.8 billion ($3.7 billion) profit in the year to March 2025.
The turnaround has come courtesy of strong sales from the Defender and Range Rover ranges, which have helped the firm achieve a strong profit margin of 8.5 per cent during the previous financial year.
After taking control of JLR, Mr Mardell continued his predecessor's Reimagine plan to turn Jaguar into an Bentley-chasing EV-only brand, and introduce mild hybrid, plug-in hybrid and pure electric drivetrains to Land Rover models.
In April 2023 he renamed the firm JLR, and split Land Rover into three new brands — Defender, Discovery and Range Rover — to sit alongside Jaguar.
Despite the automaker's rosy-looking financials, there are storm clouds on the horizon. Tariffs, which have seemingly been rising and falling on a daily basis in the US, caused the manufacturer to pause shipments to one of its more important export markets.
While many countries are now slapped with a 25 per cent or higher tariff, there's now an agreement with the UK, which sees the first 100,000 cars per year from Britain taxed at just 10 per cent. A deal with the EU for a 10 per cent tariff is nearly complete, which will come as a relief to JLR as the Defender is produced in Slovakia.
On top of this, Jaguar's new brand identity and design direction, as previewed by the Type 00 concept, has garnered plenty of attention and caused much gnashing of teeth on the internet. With three production cars set to launch from 2026, it remains to be seen whether the marque's relaunch will be successful, both critically and financially.
Mr Mardell's upcoming departure is the latest in a series of leadership upheavals in the automotive industry this year. In March, Volvo hired its former CEO Håkan Samuelsson to lead it once again, and in May, Stellantis ended its long search for a leader by promoting quality boss Antonio Filosa to the top job.
. His replacement, procurement chief François Provost, was only confirmed a few days ago.
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With agencies Oscar Piastri tried everything to overtake Lando Norris in a tense finish but his McLaren teammate held on to win the Hungarian Grand Prix and boost his F1 title chances heading into the mid-season break. Norris clung on with worn tyres as Piastri loomed behind him in the final laps. He celebrated on Sunday with a double fist pump on top of his car after claiming McLaren's 200th F1 win by less than a second to cut Piastri's lead to nine points from 16. "I'm dead. It was tough, it was tough," Norris said. "The final stint, with Oscar catching, I was pushing flat out." It was a race shaped as much by smart strategy as gritty driving. Norris briefly dropped to fifth on the first lap but made his tyres last to stop only once, while Piastri changed twice. When race engineer Will Joseph asked Norris on the radio, "Lando, 40 laps on the hard tyre, you up for it?" Norris replied: "Yeah, why not?" Piastri said: "I pushed as hard as I could. 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With agencies Oscar Piastri tried everything to overtake Lando Norris in a tense finish but his McLaren teammate held on to win the Hungarian Grand Prix and boost his F1 title chances heading into the mid-season break. Norris clung on with worn tyres as Piastri loomed behind him in the final laps. He celebrated on Sunday with a double fist pump on top of his car after claiming McLaren's 200th F1 win by less than a second to cut Piastri's lead to nine points from 16. "I'm dead. It was tough, it was tough," Norris said. "The final stint, with Oscar catching, I was pushing flat out." It was a race shaped as much by smart strategy as gritty driving. Norris briefly dropped to fifth on the first lap but made his tyres last to stop only once, while Piastri changed twice. When race engineer Will Joseph asked Norris on the radio, "Lando, 40 laps on the hard tyre, you up for it?" Norris replied: "Yeah, why not?" Piastri said: "I pushed as hard as I could. After I saw Lando going for a one-stop, I knew I was going to have to overtake on track, which is much easier said than done around here." Looking at his late passing attempt, he said: "I think I needed to be at least a couple of tenths closer which was going to take a mistake from Lando to achieve that. "I felt that was going to be my best chance. You never want to try and save it for the next lap, then it never comes, so I thought I would at least try." Piastri steadily cut into Norris' lead in the latter stages of the race but the British driver held on with old tyres to take the win. Piastri nearly collided with his teammate when he locked up a wheel while trying to pass on the second-to-last lap, earning a mild rebuke from his team. "Remember how we go racing, Oscar," came the warning from his race engineer, Tom Stallard. Norris held on to have the last word in their title fight as F1 heads into a four-week break. "Good racing. Good strategy. Good call," was how Norris summed it up on the radio. For the dominant McLaren drivers, it was their seventh 1-2 finish on the season and the team's 11th victory in 14 races in 2025. George Russell took third for Mercedes after fighting his way past Ferrari's Charles Leclerc in a contest that earned Leclerc a time penalty for nearly colliding with Russell. Defending champion Max Verstappen was only ninth. He stays third in the standings, but drops to 97 points behind Piastri. Leclerc started on pole position with hopes of landing Ferrari its first Grand Prix win of the year, but ended up fourth. "This is so incredibly frustrating. We've lost all competitiveness," he told the team over the radio. Leclerc dropped so far off the pace in his final stint that the two McLaren drivers and Russell questioned what happened to him as they chatted after the race. A day after calling himself "useless" and questioning whether Ferrari might need to replace him, Lewis Hamilton ended up 12th, exactly where he started. Hamilton said he's facing issues "in the background". "When you have a feeling, you have a feeling. There's a lot going on in the background that is not great," Hamilton said. But asked if he'd lost his love of racing, he said no. Mercedes team principal Toto Wolff said: "Lewis is wearing his heart on his sleeve. "It was very raw what he said. He was hard on himself. We have seen it before when he felt he had not met his own expectations." Fernando Alonso took Aston Martin's best result of the season with fifth on a slow track that suited his car, with Gabriel Bortoleto a surprise sixth for Sauber and Lance Stroll seventh in the other Aston Martin. The season resumes with the Dutch Grand Prix at Zandvoort on August 31. With agencies Oscar Piastri tried everything to overtake Lando Norris in a tense finish but his McLaren teammate held on to win the Hungarian Grand Prix and boost his F1 title chances heading into the mid-season break. Norris clung on with worn tyres as Piastri loomed behind him in the final laps. He celebrated on Sunday with a double fist pump on top of his car after claiming McLaren's 200th F1 win by less than a second to cut Piastri's lead to nine points from 16. "I'm dead. It was tough, it was tough," Norris said. "The final stint, with Oscar catching, I was pushing flat out." It was a race shaped as much by smart strategy as gritty driving. Norris briefly dropped to fifth on the first lap but made his tyres last to stop only once, while Piastri changed twice. When race engineer Will Joseph asked Norris on the radio, "Lando, 40 laps on the hard tyre, you up for it?" Norris replied: "Yeah, why not?" Piastri said: "I pushed as hard as I could. After I saw Lando going for a one-stop, I knew I was going to have to overtake on track, which is much easier said than done around here." Looking at his late passing attempt, he said: "I think I needed to be at least a couple of tenths closer which was going to take a mistake from Lando to achieve that. "I felt that was going to be my best chance. You never want to try and save it for the next lap, then it never comes, so I thought I would at least try." Piastri steadily cut into Norris' lead in the latter stages of the race but the British driver held on with old tyres to take the win. Piastri nearly collided with his teammate when he locked up a wheel while trying to pass on the second-to-last lap, earning a mild rebuke from his team. "Remember how we go racing, Oscar," came the warning from his race engineer, Tom Stallard. Norris held on to have the last word in their title fight as F1 heads into a four-week break. "Good racing. Good strategy. Good call," was how Norris summed it up on the radio. For the dominant McLaren drivers, it was their seventh 1-2 finish on the season and the team's 11th victory in 14 races in 2025. George Russell took third for Mercedes after fighting his way past Ferrari's Charles Leclerc in a contest that earned Leclerc a time penalty for nearly colliding with Russell. Defending champion Max Verstappen was only ninth. He stays third in the standings, but drops to 97 points behind Piastri. Leclerc started on pole position with hopes of landing Ferrari its first Grand Prix win of the year, but ended up fourth. "This is so incredibly frustrating. We've lost all competitiveness," he told the team over the radio. Leclerc dropped so far off the pace in his final stint that the two McLaren drivers and Russell questioned what happened to him as they chatted after the race. A day after calling himself "useless" and questioning whether Ferrari might need to replace him, Lewis Hamilton ended up 12th, exactly where he started. Hamilton said he's facing issues "in the background". "When you have a feeling, you have a feeling. There's a lot going on in the background that is not great," Hamilton said. But asked if he'd lost his love of racing, he said no. Mercedes team principal Toto Wolff said: "Lewis is wearing his heart on his sleeve. "It was very raw what he said. He was hard on himself. We have seen it before when he felt he had not met his own expectations." Fernando Alonso took Aston Martin's best result of the season with fifth on a slow track that suited his car, with Gabriel Bortoleto a surprise sixth for Sauber and Lance Stroll seventh in the other Aston Martin. The season resumes with the Dutch Grand Prix at Zandvoort on August 31. With agencies
