Tata Motors accounced that Professor Sir Ralf Speth has decided to retire from his current role as Executive Director and Chief Executive Officer of Jaguar Land Rover (JLR) at the end of his contract term in September 2020.
Ralf would maintain his relationship with JLR by continuing as non-executive Vice Chairman post his retirement. Ralf will also remain on the board of Tata Sons.
A search committee has been formed which will work to identify a suitable successor in the coming months.
Speaking on his retirement, Sir Ralf Speth said: “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”.