Tata Motors has announced that PB Balaji, the current Group Chief Financial Officer, will take over as the Chief Executive Officer of Jaguar Land Rover (JLR) starting November this year. With this appointment, Balaji becomes the first Indian to hold an executive leadership role at the iconic British luxury carmaker.
Balaji will replace Adrian Mardell, who is set to retire after serving three years as CEO and completing 35 years with the company. Mardell had assumed the role in 2022 following the departure of Thierry Bollore, with predecessors including David Smith and Ralf Speth, all of whom led the company after it was acquired by Tata Motors in 2008.
With over 32 years of experience in the automotive and consumer goods sectors, Balaji has been the CFO of Tata Motors since November 2017. His career spans leadership roles in finance and supply chain, and he has worked across global markets including Mumbai, London, Singapore and Switzerland. He played a key role in the transformation of Tata Motors Group, strengthening operations and strategic direction.
N Chandrasekaran, Chairman of Jaguar Land Rover, Tata Motors, and Tata Sons, stated, “I am delighted to appoint Balaji as the incoming CEO of the company. The search was extensive, and after careful consideration, it was decided to appoint Balaji. He is well-versed with the company’s strategy and leadership, making him the ideal choice to continue our Reimagine JLR journey.”
Balaji expressed gratitude and excitement about the new role, saying, “Over the past eight years, I have grown to know and love the company and its brands. I look forward to working with the team to take it to even greater heights. I thank Adrian for his immense contributions and wish him well for his next innings.”
Balaji holds a B.Tech in Mechanical Engineering from IIT Chennai and a Post Graduate Diploma in Management from IIM Kolkata.
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