Jaguar Land Rover CEO Adrian Mardell Steps Down Amid Profit Gains, EV Launch Delays

Adrian Mardell is stepping down as CEO of Jaguar Land Rover (JLR) after nearly 35 years with the company, including almost three years leading it through a critical transformation. Under his leadership, JLR returned to profitability, posting its highest pre-tax profit in a decade and significantly reducing debt, driven largely by strong sales of Land Rover Defender and Range Rover SUVs. However, Jaguar brand vehicles have struggled, with production halted to focus on transitioning Jaguar into an all-electric luxury brand, highlighted by the divisive Type 00 concept. The shift to electric models has faced delays, with new Jaguar and Range Rover electric vehicles now expected no earlier than mid-2026 due to extended development time. Mardell also implemented a structural strategy distinguishing JLR’s brands, but his successor will face challenges including navigating U.S. trade tariffs and continuing the electric transition amid mixed market reception. JLR has announced voluntary redundancy programs to align its leadership and workforce with future business needs as it prepares for this next phase.