Tata Motors‘ wholly-owned subsidiary, Jaguar Land Rover (JLR) Plc, UK on Thursday announced the appointment of Adrian Mardell as Chief Executive Officer (CEO) extending up to a term of three years.
Mardell was appointed as the interim CEO in November 2022 when Thierry Bollore resigned due to personal reasons. He has also served as the Chief Financial Officer and a member of JLR board earlier. As the interim, his responsibilities included corporate finance, treasury, financial reporting, accounting, tax, internal control, and business support.
He 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.
The company also appointed Richard Molyneux as the CFO.
Richard was appointed as the acting CFO in December 2022 and served as Finance Director, Operations before.
Tata motors on Wednesday announced its plans to build a USD 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.
