Jaguar Land Rover CEO Bollore resigns after two years

JAGUAR Land Rover’s chief executive officer Thierry Bollore said he will resign from the luxury carmaker, just two years after he took on the role.

Bollore, who formerly led Renault and was appointed to the top job at Jaguar Land Rover in Sep 2020, cited personal reasons for his departure, parent Tata Motors said on Wednesday (Nov 16) in a filing. 

Adrian Mardell, a 32-year JLR veteran will take over as interim CEO, Tata Motors said. Bollore’s exit comes as JLR struggles to ramp up production amid industrywide supply chain issues, as well as making meaningful headway on electrification.  

“The company’s transformation and acceleration towards a sustainable, profitable future as a modern luxury business is underway at great pace,” Bollore said in the filing. 

Back in February 2021, Bollore announced plans for Jaguar to ditch combustion engines completely by 2025, and for Land Rover to introduce electrified variants beginning a year earlier. The carmaker hasn’t given much further detail on its plans such as where it’ll build electric models or where it’ll source batteries from. 

In May, Bloomberg News reported that JLR was in talks with Northvolt and SVolt Energy Technology about supplying batteries for a range of EVs it may assemble in Slovakia. BLOOMBERG