Jaguar Land Rover has appointed PB Balaji as its Chief Executive Officer after Adrian Mardell decided to step down from the top post after 35 years with the company.
He is the first Indian to hold the top position at the automobile company and will take over his new responsibility in November this year.
He is currently serving as Group CFO of the Tata Group. The Tata Group, in a regulatory filing, said that Mardell will continue to help with the transition and support until the end of his contract.
"I would like to thank Adrian for the stellar turnaround of JLR and for delivering record results. I am delighted to appoint Balaji as the incoming CEO of the company," N Chandrasekaran, Chairman - Jaguar Land Rover PLC, Tata Motors and Tata Sons, said.
"This move will ensure that we continue to accelerate our journey to Reimagine JLR," he added.
"It is my privilege to lead this incredible company. Over the past eight years, I have grown to know and love this company and its redoubtable global brands. I look forward to working with the team to take it to even greater heights," Balaji said after the announcement of the appointment.
Balaji has successfully led large, diverse, global teams in multi-cultural environments out of Mumbai, London, Singapore and Switzerland and has been closely associated with the successful transformation at the Tata Motors Group.
He did his B.Tech in Mechanical Engineering from IIT-Chennai and completed his Post Graduate Diploma in Management from IIM.
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