Jaguar Land Rover (JLR) has announced that PB Balaji will be its new chief executive officer, starting in November 2025. He will take over from Adrian Mardell, who is retiring after three years in the top job and a long career with the company.
Balaji has been the chief financial officer for the parent company, Tata Motors, since November 2017. He brings 32 years of experience from the automotive and consumer goods sectors, having worked in finance and supply chain roles across various countries. The chairman of Tata, Natarajan Chandrasekaran, noted that Balaji has a close familiarity with JLR’s strategy and leadership team. He also expressed gratitude to the outgoing CEO, Adrian Mardell, for a successful turnaround, which saw the company achieve its highest profit in a decade and reduce its debt significantly.
The change in leadership comes as JLR continues its “Reimagine Strategy,” a plan to transform the company into a modern luxury business focused on sustainability and electric vehicles. The strategy involves reinventing both the Jaguar and Land Rover brands, with Jaguar becoming an all-electric luxury brand and Land Rover introducing electric variants. As part of this plan, Jaguar has revealed a new logo and a dramatic styling update, with the first new-generation electric vehicle set to be unveiled later this year.