JLR has confirmed that Adrian Mardell will continue as chief executive at the business having acted as interim CEO since November 16 last year.

Mardell (pictured) took on the interim CEO position after serving JLR as its chief financial officer and a member of the board of directors for three years prior.

The new chief executive appointment coincides with another confirmation of a permanent position for Richard Molyneux, who now joins JLR as chief financial officer.

Molyneux was appointed acting chief financial officer, on December 12 last year, following six years as JLR’s finance director, operations.

Mardell said: “It has been my immense privilege to lead JLR over the last eight months and I am proud to be appointed CEO of this fantastic business which has shaped me over the last 32 years.

“We have the right vision and people to deliver our Reimagine strategy and I am honoured to lead JLR on the journey ahead.”   

Molyneux added: “Our financial position continues to improve and this, coupled with our enviable brands and our investment of £15bn over the next five years, gives me great confidence in the delivery of our transformation.”

The appointments follow on from the big news that JLR's parent company Tata, will invest £4 billion to create a new electric vehicle battery production facility in Somerset, UK.

The JLR brand is also going through a period of reinvention, as it looks to address vehicle production and quality issues, as well as a new House of Brands retail strategy to focus on the Jaguar, Range Rover, Defender, Discovery, rather than the Land Rover name.