Jaguar Land Rover Boss to Step Down in September

Jaguar Land Rover Boss to Step Down in September
Ralf Speth, CEO of Jaguar Land Rover, sits in a classic Jaguar E-Type modified with an electric engine in London, Britain, on Sept. 7, 2017. Toby Melville/Reuters
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The boss of Jaguar Land Rover (JLR)  will step down from his role at the end of his contract term in September as Britain’s biggest carmaker shows signs of improvement after a torrid 2019 of job cuts, deep losses, and falling sales.

Ralf Speth has led the company since 2010 during which it has pursued a major global expansion with new factories in China, Brazil, and Slovakia putting it on course to make 1 million cars per year.