Ralf Speth has decided to retire from his current role as Executive Director and Chief Executive Officer of Jaguar Land Rover at the end of his contract term in September 2020. He will however, continue his relationship with the company by becoming the non-executive Vice Chairman of JLR. He will also remain on the board of Tata Sons.
Speth’s retirement plans were announced by Chandrasekaran, Chairman of Tata Sons, Tata Motors and Jaguar Land Rover .
"I want to thank Ralf for his passion and commitment over the last 10 years. Ralf developed Jaguar Land Rover from a niche UK centric manufacturer to a respected, technological leading, global premium company."
“A search committee has been formed which will work with me to identify a suitable successor in the coming months,” he added.
Sir Ralf Speth said in a press statement that, "I feel very honoured to have worked with so many dedicated and creative people, both inside and outside of JLR. We have elevated Jaguar and Land Rover. I want to say thank you for all their support and commitment. 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. Personally, I am looking forward to new and exciting challenges".
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