Jaguar Land Rover (JLR) confirmed Adrian Mardell will leave his position as CEO of the company at the end of 2025. The announcement of Mardell’s decision comes at a time when the company has achieved its 10th consecutive profitable quarter and announced a profit of US$ 2.5 billion for the fiscal year ending in March.
In early July, JLR announced plans to cut 500 jobs in an attempt to save costs while also combating the sharp decline in sales.
The UK-based company stated that the job reductions will take place in management positions, which represent 1.5% of its workforce, and will be implemented through a voluntary exit program. Additionally, the company has postponed the launch of the electric versions of the Range Rover and Range Rover Sport.
It should be noted that the company’s highest volume vehicle, the off-road SUV Land Rover Defender, manufactured in Slovakia, is subject to a 15% import tariff in the US. The same applies to the Discovery, which has slower sales.
The remainder of JLR’s range, the Jaguar F-Pace and six Land Rover models, are produced in the UK and are subject to a 10% tariff, which increases to 25% after 100,000 vehicles are exported from the UK to the US.
