Adrian Mardell steps down as JLR CEO
JLR CEO Adrian Mardell is stepping down from his role without a successor in place.
Mardell has been at the company for more than three decades and was promoted to CEO in 2022. He played a key part in developing the JLR Reimagine Strategy, which was introduced to transform the company into a luxury brand manufacturing electric vehicles, with a focus on sustainability and a target of achieving net zero by 2039.
A JLR spokesperson said: “Adrian Mardell has expressed his desire to retire from JLR after three years as CEO and 35 years with the company. His successor will be announced in due course.”
JLR, which exported around 38,000 cars to the US in the third quarter of 2024, was hit hard by US import tariffs earlier this year, when it paused shipments to country.
TATA acquisition
Meanwhile, JLR owner Tata Motors is set to acquire Italian truck manufacturer Iveco Group in a deal valued at £3.3bn.
Both companies will retain their brands and leaderships teams, but the deal will combine product lines and geographic footprints to form a global commercial vehicle organisation with revenues of around £19bn.
Natarajan Chandrasekaran, chairman of Tata Motors, said:
“This is a logical next step following the demerger of the Tata Motors Commercial Vehicle business and will allow the combined group to compete on a truly global basis with two strategic home markets in India and Europe.
