Jaguar Land Rover is close to decision on CEO

Jaguar Land Rover plans to name its new CEO as early as June 2, a senior company official says.

CFO David Smith has been the company’s acting CEO since the April 20 death of CEO Geoff Polites. The official did not say who the new CEO will be or whether it will be an internal appointment or someone from outside the company.

India’s Tata Motors agreed on March 26 to buy Jaguar and Land Rover from Ford Motor Co. for $2.3 billion. The deal is due to be finalized by the end of the second quarter.

Tata has stated on several occasions that it wants to keep the current management team at the British brands. But it is likely that new executives will have to be found to cover some of the functions previously handled by Ford.

Automotive News Europe has learned Jaguar Land Rover is recruiting externally for several senior roles, including director of global marketing communications, head of sales and marketing for Europe and manager of central retail operations.

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