Tata Motors have named Thierry Bollore to be the next CEO of their Jaguar Land Rover operation.
Bollore, who lost his post as Renault CEO last October, will replace Ralf Speth as JLR boss starting 10 September. Speth is scheduled to retire in September and will become non-executive vice-chairman of JLR. Bollore says “It will be my privilege to lead this fantastic company through what continues to be the most testing time of our generation”.
JLR were hit this year first by disrupted sales in China, the world’s biggest car market, and then by lockdowns in key markets across Europe and North America. In 2019, JLR cut costs to address tumbling diesel sales which helped them return to profit…before being hit by the pandemic, which contributed to a pretax loss of £422m (USD $530m) for the financial year ended 31 March.