In a significant leadership transition, the Board of Directors of Jaguar Land Rover (JLR) approved the appointment of P B Balaji as the next Chief Executive Officer (CEO) on Monday.
The development was announced by the company through a regulatory filing.
Balaji will become the first Indian to lead JLR as CEO. He will succeed Adrian Mardell, who is set to retire upon completion of his contractual term.
The leadership change will take effect in November 2025. Until then, Mardell will continue to assist with a smooth transition.
According to the company’s website, Balaji has been serving as the Group Chief Financial Officer (CFO) of Tata Motors Limited (TML) since November 2017. He is a member of TML’s Executive Committee and has played a key role in driving the Group’s profitable and sustainable growth.
He also serves on the boards of Jaguar Land Rover Automotive Plc (UK), Tata Motors Passenger Vehicles Limited, Tata Passenger Electric Mobility Limited, Tata Motors Finance Group, Air India Limited, Titan Company Limited, Tata Consumer Products Limited, Agratas Limited (UK), and Agratas Energy Storage Solutions Private Limited.
With nearly three decades of experience in the corporate sector, Balaji is a seasoned global finance professional who has worked across the FMCG and automotive industries. He began his career at Unilever in 1995, holding senior positions in corporate finance and supply chain management across India, Singapore, the UK, and Switzerland. Prior to joining Tata Motors, he was the Chief Financial Officer of Hindustan Unilever Limited.
Balaji holds a postgraduate degree in management from the Indian Institute of Management Calcutta and is an alumnus of the Indian Institute of Technology Madras.
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