Thierry Bollore has been revamping JLR’s business model in an electric-focused strategy called “Reimagine.”
Jaguar Land Rover CEO Thierry Bollore is resigning due to personal reasons, parent Tata Motors said.
Bollore, 59, will step down effective Dec. 31, Tata said on Wednesday.
Adrian Mardell, currently JLR’s head of finance, will take over as interim CEO. Mardell has been part of Jaguar Land Rover for 32 years and is currently a member of its executive board.
Bollore has been revamping JLR’s business model in an electric-focused strategy called “Reimagine” with a plan to make all Jaguar cars fully electric by 2025 and offer battery variants of its Land Rover vehicles.
Bollore has also helped steer the automaker through a chip shortage that hammered the global auto industry.
JLR hired Bollore as CEO in 2020 to return Britain’s biggest automaker to profit after it took a big hit from the COVID-19 pandemic. Almost a year earlier, Bollore had been ousted as Renault CEO amid the fallout from the Carlos Ghosn scandal.
JLR said earlier this month its quarterly loss before tax narrowed to 173 million pounds ($206.06 million), while revenue rose 36 percent from a year earlier. It also expects positive profit margins and cashflow in the second half of 2023.
The division’s performance is key to India’s Tata Motors as it contributes nearly 60 percent to the group’s revenue from operations.
Please enter a valid email address.
Please enter your email address.
Please verify captcha.
Please select at least one newsletter to subscribe.
Sign up and get the best of Automotive News Europe delivered straight to your email inbox, free of charge. Choose your news – we will deliver.
Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that’s vital to your business.
Founded in 1996, Automotive News Europe is the preferred information source for decision-makers and opinion leaders operating in Europe.
1155 Gratiot Avenue
Detroit MI 48207-2997
Tel: +1 877-812-1584
ISSN 2643-6590 (print)
ISSN 2643-6604 (online)