Finance
Jaguar Land Rover says CEO Mardell to step down
Published by Global Banking & Finance Review®
Posted on July 31, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 31, 2025
2 min readLast updated: January 22, 2026
Jaguar Land Rover CEO Adrian Mardell will retire after three decades. Under his leadership, JLR achieved record profits and reduced debt significantly.
LONDON (Reuters) -Jaguar Land Rover chief Adrian Mardell will step down after more than three decades at the company, having said he wanted to retire after three years as CEO, a spokesperson for the automaker said on Thursday.
His successor will be announced in due course, the spokesperson added.
Mardell, who joined JLR in 1990, became chief executive in November 2022 - following a stint as chief financial officer from June 2019 - and spearheaded a major brand revamp at Jaguar.
During his tenure, the British luxury carmaker - a wholly owned subsidiary of India's Tata Motors - posted its highest profit in a decade, eliminated 5 billion pounds ($6.6 billion) in debt and posted its strongest operational performance to date.
JLR in April paused exports of its British-made vehicles to the United States for a month after President Donald Trump imposed a 25% tariff on all imported cars. It resumed exports in May.
The U.S., which accounts for nearly a quarter of JLR’s global sales, is a key market for its high-margin Range Rover and Defender models.
JLR has no manufacturing presence in the U.S. and its Range Rovers are built in Britain, now subject to a 10% levy, while its Defenders are assembled in Slovakia, which faces a 15% duty.
Jaguar has plants in Britain.
Mardell was among the guests at the opening of Donald Trump's new golf course in Scotland on Monday, part of the U.S. president's five-day visit to the UK.
($1 = 0.7558 pounds)
(Reporting by Sam Tabahriti; Additional reporting by Aditi Shah in New Delhi; Editing by William Schomberg and David Holmes)
Adrian Mardell has announced his decision to retire after three years as CEO, following more than three decades at Jaguar Land Rover.
During his tenure, Jaguar Land Rover posted its highest profit in a decade, eliminated £5 billion in debt, and led a significant brand revamp.
The U.S. is a key market for Jaguar Land Rover, accounting for nearly a quarter of its global sales, particularly for high-margin models like the Range Rover and Defender.
Adrian Mardell became the chief executive of Jaguar Land Rover in November 2022 after serving as chief financial officer since June 2019.
A spokesperson for Jaguar Land Rover stated that Mardell's successor will be announced in due course, indicating a transition in leadership.
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