JLR CEO TO RETIRE

Adrian Mardell will leave British car maker in a strong position after 35 years of service

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JLR CEO Adrian Mardell is leaving the British car maker after nearly three years at the helm, as first reported by Autocar.

Mardell was appointed as CEO in November 2022, following the sudden departure of Thierry Bolloré, and has led the Jaguar and Land Rover brands through one of the most transformative periods in their respective histories.

A JLR spokesperson said in an official statement: “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.”

Mardell has steered JLR through a remarkable financial turnaround, with it going from heavy losses and huge debt in the wake of the Covid pandemic to posting its best profit figures for a decade last year.

The dramatic change in the company's fortunes was underpinned by the popularity of its highly profitable Defender and Range Rover models, which have put it on track to achieve a targeted 10% profit margin by 2026.