Jaguar Land Rover (JLR) has picked ousted Renault boss Thierry Bollore as its next chief executive, with a mission to return Britain's biggest carmaker to profit after a big hit from the COVID-19 pandemic.
) has picked ousted Renault boss Thierry Bollore as its next chief executive, with a mission to return Britain’s biggest carmaker to profit after a big hit from the COVID-19 pandemic.
Bollore will take over at JLR on Sept. 10, replacing Ralf Speth, whose tenure ends after more than 10 years. In 2019, it cut jobs to address tumbling diesel sales, which helped it return to profit. But as the pandemic struck, it slumped to a pretax loss of 422 million pounds for the year ended March 31, 2020.
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