Tata Motors-owned Jaguar Land Rover (JLR) has appointed Adrian Mardell as Chief Executive Officer for a three-year term. He was appointed Interim CEO on November 16, 2022, having been Chief Financial Officer and a member of the JLR Board of Directors for three years prior, Tata Motors said in a regulatory filing.
Mardell was appointed the interim chief executive officer on November 16, 2022, having been chief financial officer and a member of the JLR Board of Directors for three years prior, the company said in an exchange filing. It also announced the appointment of Richard Molyneux as chief financial officer of JLR. Molyneux was appointed acting chief financial officer on December 12, 2022, following six years as finance director of operations at Jaguar Land Rover.
Mardell joined Jaguar Land Rover in 1990, and held a variety of financial positions until 2008, when he became Deputy Chief Financial Officer and Operations Controller, and subsequently Chief Transformation Officer.
Future plans of Tata Motors
- Tata motors announced its plans to build a $5.2 billion electric car battery factory in the U.K. The plant is expected to become one of Europe’s largest battery cell manufacturing sites when it begins production in 2026.
- The largest investment in the U.K. automotive industry in decades is all set to create 4,000 jobs directly and thousands more in supply chains, according to Britain government.
- The new plant will supply batteries to JLR as well as other brands.
- The plant is expected to produce about 40 gigawatt hours of battery cells every year, enough to provide half the U.K.’s electric vehicle batteries, Reuters reported citing Energy Security Secretary Grant Shapps.