Head of Jaguar Land Rover will resign in September

Head of Jaguar Land Rover will resign in September

January 30, 2020 0 By autotimesnews

Jaguar Land Rover Automotive Chief Financial Officer Ralph Speth will leave office in September.

According to the Financial Times, citing two unnamed sources, the announcement of the resignation of the post of financial director will be made on Thursday. Ralph Spet will remain an adviser and retain his place on the board of directors of Tata Sons, a holding company that owns Jaguar Land Rover, FT reports.

The departure of the top manager is associated with the fact that the largest automaker in the UK is struggling with the consequences of voting for Brexit, weak sales in China and falling demand in the UK due to lower sales of diesel cars.

Recall that not so long ago, Jaguar Land Rover announced that it will reduce about 10% of the staff at its plant in Halewood in England, due to a change in work shifts, which will increase the efficiency of work on the site.