Following a two-year stint at chief executive of Jaguar Land Rover, it’s been confirmed that Thierry Bolloré is resigning from the post.
In a statement released by parent company Tata, Bolloré outlines that the exit is for personal reasons, and is scheduled for December 31.
Jaguar Land Rover’s CFO, Adrian Mardell, takes over as interim CEO.
“I am immensely proud of what we have achieved together at Jaguar Land Rover over the last two years,” Bolloré said in a statement.
“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.”
“I want to thank Thierry for everything he has done at Jaguar Land Rover,” adds Tata chairman Natarajan Chandrasekaran.
“The foundations for a successful transformation have been laid, leaving the company well poised for the future.”
The former Renault boss took up the chief executive position in 2020, becoming instrumental in the company’s ‘Reimagine’ electrification campaign, which included the controversial cancellation of the new Jaguar XJ just months out from its launch.
Autocar UK reports that the announcement comes as little surprise following industry speculation.
In an opinion piece published on the website written by Steve Cropley, it’s claimed that Bolloré’s “professorial” management style was becoming unpopular with Tata executives.
The article also points to rumours that Jaguar Land Rover is not weathering the semiconductor shortage as well as it could be. This is particularly treacherous as the brand tries to make headway in its plans to ramp up its electrification output.
