Tata Motors wholly-owned subsidiary, Jaguar Land Rover (JLR) PLC, based in the UK, has announced the appointment of Adrian Mardell as its Chief Executive Officer (CEO) with an extended tenure of three years.
Tata Motors Appoints Adrian Mardell as CEO of Jaguar Land Rover (JLR)
Adrian Mardell was previously appointed as the interim CEO in November 2022 after Thierry Bollore resigned for personal reasons. He has previously held various financial positions within Jaguar Land Rover since joining the company in 1990. Over the years, he has served as Chief Financial Officer (CFO) and a member of the JLR Board. As interim CEO, his responsibilities included corporate finance, treasury, financial reporting, accounting, taxation, internal controls, and business support.
Furthermore, Richard Molinex has been appointed as the Chief Financial Officer (CFO) of the company. He was previously appointed as the Deputy CFO in December 2022 and has also worked as the Director of Finance and Operations before that.
In a significant development, Tata Motors has announced its plan to establish a state-of-the-art electric car battery factory in the UK, with an investment of $5.2 billion. The plant aims to become one of Europe’s largest battery cell manufacturing sites, and it is expected to commence production by 2026. According to the British government, this investment is expected to create approximately 4,000 direct jobs in the UK’s automotive industry and thousands more in the supply chain.
The new plant will not only supply batteries to JLR but also cater to other brands’ battery demands. As per Reuters, Energy Security Secretary Grant Shapps revealed that the plant is expected to produce around 40 gigawatt-hours of battery cells annually, which would be sufficient to support half of Britain’s electric vehicle battery needs.
This development is a significant step towards Tata Motors’ commitment to sustainable mobility and reinforces its position as a leader in the automotive industry.