JAGUAR LAND ROVER BOSS TO RETIRE

Sir Ralf Speth (65), the German-born man who has been running Jaguar Land Rover’s global operations for the past decade, will retire from the role of company CEO in September. This was confirmed by JLR’s parent company Tata Motors. Speth took over a company in tatters, which was at the time owned by Ford, and turned it into a respected premium motor manufacturer. Last year JLR sold 557 706 vehicles worldwide, up almost 6% on 2018. Jaguar contributed 161 601 units, whilst Land Rover came in with 396 105.

“I feel very honoured to have worked with so many dedicated and creative people, both inside and outside of Jaguar Land Rover,” commented Speth. “We have elevated Jaguar and Land Rover… we offer our customers multi-award-winning products and will continue to surprise with the best pipeline of new, innovative products we have ever had.” Speth will become non-executive chairman of the JLR group and his successor will be announced in due course.

Some of the products he has signed off on during his time include the brand new Defender (coming to Mzansi this May), the ground breaking I-PACE all-electric vehicle, as well as the well-loved Evoque, Range Rover Sport, the redefined XJ sedan and the XE among others.

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