Chairman of Tata Sons, Tata Motors and Jaguar Land Rover plc, N Chandrasekaran, has announced Thierry Bolloré as the new Chief Executive Officer of Jaguar Land Rover, effective 10 September 2020.
Bolloré succeeds Prof Sir Ralf Speth, who will take up the previously announced position of Non-Executive Vice Chairman of Jaguar Land Rover plc.
A former CEO of Groupe Renault, Bolloré has extensive expertise in the automotive business including senior position at global automotive supplier Faurecia.
Chandrasekaran on the new CEO announcement said: “I am delighted to welcome Thierry to Jaguar Land Rover. An established global business leader with a proven track record of implementing complex transformations, Thierry will bring a wealth of experience to one of the most revered positions in the industry.”
During his various stint at automotive companies, Bollore has gained extensive experience in conceptualising and designing a customer focused product strategy, driving quality in program delivery, boosting excellence in operations and has a strong track record of driving significant turnaround in complex operations in a global environment across time.
These experiences will be important for JLR as it drives its turnaround and transformation agenda to deleverage the business and drive positive cash flows in an environment of slowing global growth, increased regulatory changes and ACES transformation – i.e autonomous, connected, electric and shared mobility, added the statement from Tata Motors.
Commenting on his appointment, Bolloré said: “Jaguar Land Rover is known around the world for its peerless brand heritage, exquisite design and deep engineering integrity. It will be my privilege to lead this fantastic company through what continues to be the most testing time of our generation.
“Renowned for their passion and spirit, the people of Jaguar Land Rover are the driving force behind its success. I couldn’t be more excited to join the team continuing to shape the future of this iconic company.”
Chandrasekaran thanked Ralf for a decade of his ‘outstanding vision and leadership’ for Jaguar Land Rover and welcomed him to the new Non-Executive position in addition to his existing role on the board of Tata Sons.
