Adrian Mardell, the CEO of JLR, is stepping down. He has been at the helm of the British concern for over two years.
JLR (formerly Jaguar Land Rover) is losing an experienced and important figure. None other than CEO Adrian Mardell is quitting. Autocar India has received a statement from JLR that Mardell himself is putting an end to his job. He is not only stopping as CEO, but after 35 years at JLR, he is completely leaving the company. It is not yet clear whether Mardell (64) is making a move to another company, or is retiring.
The timing of the departure is somewhat striking. Not only has Mardell been in charge for a relatively short time, but JLR is also on the verge of a special chapter. An electric Range Rover is coming and at Jaguar it is almost time for a complete relaunch of the brand with a new electric offering. Things are also rumbling behind the scenes; it was recently announced that JLR is cutting up to 500 management positions in the United Kingdom. Also, almost no money is currently coming in from Jaguar, because it only had old stock to sell now that no more cars are being built for the time being. At the same time, JLR’s financial figures are on the rise.
It is not yet known who will succeed Mardell.