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1/30/2020, 9:57 AM (Source: TeleTrader)
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Chairman of JLR: Speth to step down in September

Natarajan Chandrasekaran (pictured), Chairman of Tata Sons, Tata Motors and Jaguar Land Rover plc said on Thursday that Ralf Speth has decided to step off from his current role as Executive Director and Chief Executive Officer of Jaguar Land Rover in September 2020.

Chandrasekaran said that Speth will, however, remain on the board of Tata Sons. "A search committee has been formed which will work with me to identify a suitable successor in the coming months," stated Chandrasekaran.

One of the possible replacements could be former CEO of Danish business conglomerate Maersk, Hanne Sorensen. However, it is expected that the company soon announces a new successor.

Baha Breaking News (BBN) / TF