In a regulatory exchange filing, Tata Motors informed exchanges about the resignation of Thierry Bolloré (Chief Executive Officer of Jaguar Land Rover Automotive Plc, UK) citing personal reasons. The company meanwhile has appointed Adrian Mardell (acting CFO) as interim CEO who has been in the company for the past 32 years
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Mr Bolloré was with the company for just over two years replacing long time serving CEO at JLR Sir Ralf Speth. He had come with experience in companies like Michelin, Renault among others. We await the appointment of the new CEO given a delay in production ramp-up at JLR (amid chip constraints) as well as its transition towards electrification with Jaguar slated to be all electric in 2025
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