THE CHIEF Executive of Jaguar Land Rover (JLR) has resigned, saying ‘personal reasons’ were behind the decision.
Thierry Bollore will be replaced by JLR finance boss Adrian Mardell who will take the role on an interim basis, according to parent company Tata Motors.
Tata Motors said Mr Bollore would formally leave the role at the end of 2022, after two years with the car firm.
Mr Bollore said he was immensely proud of what had been achieved at JLR over the past two years.
“The company’s transformation and acceleration towards a sustainable, profitable future as a modern luxury business is underway at great pace.
“I would like to thank the whole team for their dedication and passion and I wish the entire organisation the very best for the future.”
Natarajan Chandrasekaran, chairman of Tata Motors and JLR, said: “I want to thank Thierry for everything he has done at Jaguar Land Rover.
“The foundations for a successful transformation have been laid, leaving the company well poised for the future.”
Last week, Jaguar Land Rover announced a 36 per cent increase in profits for the second quarter of the financial year – up until September 30.
The company did still record a pre-tax loss although less of one than the same time last year.
The group has forecast positive profit and cashflow margins for the second half of the year.
