Adrian Mardell is Jaguar Land Rover’s three-year CEO
Adrian Mardell will serve as Chief Executive Officer of Jaguar Land Rover for the next three years. Jaguar Land Rover (JLR), a British subsidiary of Tata Motors, made the announcement on Thursday that it had appointed Adrian Mardell to the position of Chief Executive Officer for a tenure of three years.
NEW DELHI: On Thursday, Tata Motors’ British subsidiary Jaguar Land Rover (JLR) stated that Adrian Mardell will be its CEO for the next three years.
Adrian Mardell was named Interim CEO on November 16, 2022. He had been Chief Financial Officer and a member of the JLR Board of Directors for three years before that. JLR said that Richard Molyneux will be its new chief financial officer. After six years as Finance Director, Operations, for JLR, Molyneux was named acting CFO on December 12, 2022.
The new information from JLR’s top management comes a day after Tata Sons, the parent company of India’s largest conglomerate Tata Group, said it would spend more than 4 billion pounds to build a global battery cell gigafactory in the UK.
Tata Group has faith in Mardell and Molyneux because JLR’s sales have been going up and its finances have been getting better over the last few quarters.Tata Motors thinks that JLR will have a good free cash flow of more than £400 million in the first quarter of the financial year 2024.
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