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3w ago

Jaguar Land Rover Appoints Tata Motors CFO PB Balaji as CEO

The board approved the appointment after a months-long search to preserve momentum on JLR’s all-electric Reimagine strategy

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Tata Motors taps longtime CFO PB Balaji to succeed Mardell as JLR CEO
New signing gives Tata greater control over ”golden goose.”
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Overview

  • PB Balaji will take over as JLR’s CEO in November 2025 after a board-approved search for his successor
  • Adrian Mardell will remain through December to ensure a smooth handover after three years as CEO and 35 years with the company
  • Tata Motors Chair N. Chandrasekaran said the board’s months-long vetting ensures strategic continuity for the Reimagine transformation
  • Balaji, JLR’s first Indian CEO, has served as Group CFO at Tata Motors since 2017 and brings over three decades of finance and supply-chain expertise
  • The transition aims to sustain the financial turnaround under Mardell and advance Jaguar Land Rover’s shift to an all-electric luxury brand by 2026