On Tuesday, in a press release, Tata Motors said that the company has appointed Thierry Bolloré as the Chief Executive Officer of Jaguar Land Rover with effect from 10 September 2020.
Bolloré is a French businessman who recently served as the CEO of Groupe Renault till 11 October 2019. He has previously worked for international automotive parts manufacturer Faurecia and French tyre manufacturer Michelin.
"I am delighted to welcome Thierry to Jaguar Land Rover. An established global business leader with a proven track record of implementing complex transformations, Thierry will bring a wealth of experience to one of the most revered positions in the industry," said N. Chandrasekaran, Chairman of Tata Sons, Tata Motors and Jaguar Land Rover plc.
Bolloré succeeds Prof Sir Ralf Speth, who will take up the previously announced position of Non-Executive Vice Chairman of Jaguar Land Rover plc.
"I want to thank Ralf for a decade of outstanding vision and leadership for Jaguar Land Rover and welcome him to his new Non-Executive position in addition to his existing role on the board of Tata Sons," said N Chandrasekaran.
Shares of Tata Motors rose over 5 percent after the announcement.