
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.
CarExpert can save you thousands on a new car. Click here to get a great deal.
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.
More dramatically, in June, Renault CEO Luca de Meo quit to head up the luxury conglomerate behind Gucci. His replacement, procurement chief François Provost, was only confirmed a few days ago.
MORE: Everything Land Rover
Content originally sourced from: CarExpert.com.au
Adrian Mardell, CEO of Jaguar Land Rover (JLR), has decided to retire and leave the automaker after 35 years at the firm.
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.
CarExpert can save you thousands on a new car. Click here to get a great deal.
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.
More dramatically, in June, Renault CEO Luca de Meo quit to head up the luxury conglomerate behind Gucci. His replacement, procurement chief François Provost, was only confirmed a few days ago.
MORE: Everything Land Rover
Content originally sourced from: CarExpert.com.au
Adrian Mardell, CEO of Jaguar Land Rover (JLR), has decided to retire and leave the automaker after 35 years at the firm.
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.
CarExpert can save you thousands on a new car. Click here to get a great deal.
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.
More dramatically, in June, Renault CEO Luca de Meo quit to head up the luxury conglomerate behind Gucci. His replacement, procurement chief François Provost, was only confirmed a few days ago.
MORE: Everything Land Rover
Content originally sourced from: CarExpert.com.au
Adrian Mardell, CEO of Jaguar Land Rover (JLR), has decided to retire and leave the automaker after 35 years at the firm.
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.
CarExpert can save you thousands on a new car. Click here to get a great deal.
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.
More dramatically, in June, Renault CEO Luca de Meo quit to head up the luxury conglomerate behind Gucci. His replacement, procurement chief François Provost, was only confirmed a few days ago.
MORE: Everything Land Rover
Content originally sourced from: CarExpert.com.au
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7NEWS
21 hours ago
- 7NEWS
Statement issued after Formula One star Max Verstappen throws towel from car at Hungarian Grand Prix
Lando Norris completed an impressive practice double over his McLaren teammate and championship rival Oscar Piastri at the Hungarian Grand Prix on Friday. Norris trails Piastri by 16 points heading into Sunday's round at the Hungaroring - the final race before the summer break. But the British driver laid down an early marker in the first running of the weekend when he beat Piastri to top spot by just 0.019 seconds. He then extended his advantage to 0.291 seconds in the day's concluding session. Norris' world championship bid suffered a setback at last weekend's rain-hit Belgian Grand Prix when Piastri overtook him on the first racing lap and went on to claim a comfortable win. Piastri is happy to be back in Hungary where he enjoyed his breakthrough F1 victory last year. The 24-year-old Melburnian has developed into a genuine title contender over the last year and said on Thursday: 'I have a lot of confidence in myself that I can do it. 'The pace in the last few weekends, especially (Belgium), I've been very confident in and very proud of. I'm more than capable of continuing that for the rest of the year.' However, it was Norris - never previously out-qualified by a teammate in six visits to the Hungaroring - who stole an early advantage with an impressive performance on Friday at a circuit he has declared among his favourites on the calendar. There was one moment of concern for Norris when he ran wide at the final turn. But he managed to retake control of his McLaren, and survived without ending up in the wall. Charles Leclerc finished third for Ferrari, four-tenths off the pace, but three places clear of team-mate Lewis Hamilton. In the first session, Hamilton complained his car didn't 'feel good', and ran off the road at the first corner following a major lock-up. He was then beaten by both Aston Martin drivers in the second running. Lance Stroll and Fernando Alonso were fourth and fifth respectively - the latter returning to his cockpit after he missed the opening session with a back injury - while George Russell ended the running in seventh. Max Verstappen, who ended speculation on Thursday that he could leave Red Bull at the end of the year, finished a distant 14th in practice, more than 1.1 seconds slower than Norris. Red Bull were then reprimanded for a bizarre incident involving a face towel which Verstappen threw out of his car and on to the track. The four-times world champion was summoned after the second session at the Hungaroring as stewards reviewed the video evidence. 'Shortly after Car 1 was released from its garage, the driver of Car 1 (Verstappen) was observed to have thrown a towel out of the cockpit,' they said in a statement. 'The driver explained that while in the garage, the face towel had slipped from his lap to the side of the seat and the team was unaware that it remained in the cockpit. 'When the driver realised it was there, he moved to the far right of the track and attempted to throw it as far away from the car and the track as possible.' The towel landed on the asphalt, however, and remained there to the end of the session. The stewards accepted that the towel was more dangerous inside the car than out, with the potential to become lodged in the footwell and interfere with Verstappen's ability to control the car fully. They also ruled that Red Bull had therefore released the car in an unsafe condition, although less serious than leaving a hard object in the cockpit.


The Advertiser
a day ago
- The Advertiser
Jaguar Land Rover CEO Mardell to retire at end of 2025
Adrian Mardell, CEO of Jaguar Land Rover (JLR), has decided to retire and leave the automaker after 35 years at the firm. 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. CarExpert can save you thousands on a new car. Click here to get a great deal. 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. More dramatically, in June, Renault CEO Luca de Meo quit to head up the luxury conglomerate behind Gucci. His replacement, procurement chief François Provost, was only confirmed a few days ago. MORE: Everything Land Rover Content originally sourced from: Adrian Mardell, CEO of Jaguar Land Rover (JLR), has decided to retire and leave the automaker after 35 years at the firm. 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. CarExpert can save you thousands on a new car. Click here to get a great deal. 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. More dramatically, in June, Renault CEO Luca de Meo quit to head up the luxury conglomerate behind Gucci. His replacement, procurement chief François Provost, was only confirmed a few days ago. MORE: Everything Land Rover Content originally sourced from: Adrian Mardell, CEO of Jaguar Land Rover (JLR), has decided to retire and leave the automaker after 35 years at the firm. 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. CarExpert can save you thousands on a new car. Click here to get a great deal. 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. More dramatically, in June, Renault CEO Luca de Meo quit to head up the luxury conglomerate behind Gucci. His replacement, procurement chief François Provost, was only confirmed a few days ago. MORE: Everything Land Rover Content originally sourced from: Adrian Mardell, CEO of Jaguar Land Rover (JLR), has decided to retire and leave the automaker after 35 years at the firm. 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. CarExpert can save you thousands on a new car. Click here to get a great deal. 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. More dramatically, in June, Renault CEO Luca de Meo quit to head up the luxury conglomerate behind Gucci. His replacement, procurement chief François Provost, was only confirmed a few days ago. MORE: Everything Land Rover Content originally sourced from:


7NEWS
a day ago
- 7NEWS
Jaguar Land Rover CEO Mardell to retire at end of 2025
Adrian Mardell, CEO of Jaguar Land Rover (JLR), has decided to retire and leave the automaker after 35 years at the firm. 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. CarExpert can save you thousands on a new car. Click here to get a great deal. 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.