Big Change in Leadership
Jaguar Land Rover (JLR), the luxury car brand owned by Tata Motors, will get a new CEO this November. P.B. Balaji, currently the Group CFO of Tata Motors, will replace Adrian Mardell, who is retiring after working with the company for 30 years.
Balaji has been closely working with JLR’s leadership for years and played a major role in Tata Motors’ financial transformation. His appointment came after a detailed succession plan approved by the board.
N. Chandrasekaran, Chairman of Tata Sons, Tata Motors, and JLR, thanked Mardell for turning JLR around and delivering strong results. He said Balaji knows the company well and will help speed up the “Reimagine JLR” strategy, which focuses on electric vehicles (EVs), profits, and building a premium image.
Mardell, who led JLR through three years of major changes, said it was a great privilege to work with such a dedicated team. He wished Balaji success in his new role.
Balaji Brings Rich Experience
Balaji studied mechanical engineering at IIT Chennai and later completed his MBA at IIM Kolkata. With over 32 years of experience in the automotive and FMCG sectors, he has worked in countries like Singapore, London, Switzerland, and India. He said it’s an honour to lead a company like JLR, which he has grown to admire over the last eight years.
His promotion signals stability and energy for JLR as the brand focuses on making more electric vehicles, cutting costs, and becoming a top global luxury carmaker.
