Overview
- Mardell will step down on December 31 after 35 years at the company and three years as CEO, with his successor to be named in due course.
- Under his leadership JLR posted its strongest pre-tax profit in a decade, generated positive free cash flow and eliminated all automotive debt by the end of FY25.
- He spearheaded the ‘Reimagine’ strategy that rebranded Jaguar as an electric-only luxury marque and introduced the polarizing Type 00 concept.
- The rebrand drew criticism from figures including Elon Musk and Nigel Farage and coincided with a steep slump in Jaguar registrations across Europe.
- JLR has deferred the launch of its first all-electric models, such as the Range Rover Electric, into 2026, leaving the incoming CEO to finalise key EV rollouts amid ongoing trade headwinds.