Mon, 03-Aug-2020
Tuesday 28 Jul 2020 , 10:24 am

Jaguar Land Rover Names Ousted Renault Boss Bollore as CEO

Bollore, who took a step up at the French carmaker when Carlos Ghosn left even though he was known for his close ties to the alliance founder, was eventually pushed out as Renault’s CEO last October.
By SIN Bureau
Share at:

Jaguar Land Rover (JLR) on Tuesday appointed former Renault boss Thierry Bollore as chief executive as the loss-making carmaker looks to rebound from the coronavirus pandemic.

Bollore, who took a step up at the French carmaker when Carlos Ghosn left even though he was known for his close ties to the alliance founder, was eventually pushed out as Renault’s CEO last October.

Bollore will take over at JLR on Sept. 10.

“It will be my privilege to lead this fantastic company through what continues to be the most testing time of our generation,” he said in a statement.

JLR was hit this year first by disruption to sales in China, the world’s biggest car market, and then by lockdowns in key markets across Europe and North America.

In 2019, JLR cut costs to address tumbling diesel sales which helped it return to profit before being hit by the pandemic, which contributed to a pretax loss of 422 million pounds ($530 million) for the financial year to March 31.

Read Here




Neha Mule

Neha writes articles on sectors including medicine, food, materials, and science & technology. A qualified statistician, she has the ability to observe and analyze the trends in global markets and write compelling articles that help CXOs in decision making. She is a bookworm and loves to read fiction, lifestyle, science and technology. Neha comes with 6 years of experience in content writing and editing that involves blog writing, preparation of study materials and OERs.

More from Neha Mule

Smart News, Updates and Insights Drive Smarter Decisions

Smart Industry News is a one stop shop of industry news across the globe. We have a team of experts who provides latest updates on industry news to our readers daily. The news available on our website is general information and does not provide our customers with any legal or professional advice specific to any industry...

sales@smartindustrynews.com
media@smartindustrynews.com

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
Follow Us:
© The News and Media Division of The Insight Partners 2019 | All Rights Reserved