Jaguar Land Rover CEO Adrian Mardell announced his retirement effective July 31, 2025, after a 35-year tenure including three years as chief executive. During his leadership, Mardell guided JLR through recovery from pandemic losses and initiated major brand overhauls. His departure coincides with challenges for Jaguar, including controversy over an avant-garde advertising campaign that drew criticism from former President Donald Trump. Meanwhile, IndusInd Bank has appointed Rajiv Anand as its new managing director and chief executive officer for a three-year term starting August 25, 2025. Anand, a private sector veteran with over 30 years of experience in financial services, takes the helm as the bank seeks to recover from suspected fraud and accounting issues. The Reserve Bank of India has cleared his appointment amid efforts to rebuild stakeholder confidence. Following the announcement, IndusInd Bank shares rose between 2.8% and 5% in early trading, reflecting investor optimism. Anand's primary challenges include cleanup and derisking of the bank's operations.
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Incoming JLR CEO PB Balaji will have to negotiate tough challenges when he starts in November, succeeding the retiring Adrian Mardell. Here's a rundown. https://t.co/ndOeOfCAao