Jaguar Land Rover CEO Adrian Mardell is leaving the company after almost three years at the helm. He was appointed as CEO in 2023, following the sudden departure of Thierry Bollor, and has led Jaguar and Land Rover through one of the most transformative periods for both brands. In an official statement, a JLR spokesperson said, “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.” Adrian was responsible for leading the manufacturer through a remarkable financial turnaround, as it transitioned from heavy losses and substantial debt in the wake of the pandemic to posting its best profit figures for a decade last year. The Defender and Range Rover models were responsible for the dramatic change in the company’s fortunes. JLR now expects to achieve a targeted 10% profit margin by 2026. Mardell has also overseen the formation of JLR’s House of Brands retail strategy. One of the biggest highlights of his tenure as CEO was the unveiling of the radical Jaguar Type 00 concept, which signalled the transformation and rebranding of the Leaping Cat. Jaguar plans to build high-end luxury EVs to take on brands like Bentley. In a recent interview, Mardell revealed that he had driven the new GT and said it was the “most fun I’ve had” in his time as JLR boss. Mardell leaves JLR in a position of far greater stability than it was in when he took the top job, but the company still faces strong headwinds. These include the tariffs imposed by the US market on foreign-built cars. The US accounts for a huge proportion of sales of JLR’s most profitable models. Source: Autocar UK
