Jaguar Land Rover CEO Thierry Bollore is leaving the automaker simply two years after he took on the position.

Bollore, 59, will step down efficient Dec. 31, JLR guardian Tata Motors stated on Wednesday, citing private causes for his departure.

Adrian Mardell, at the moment JLR’s head of finance, will take over as interim CEO. Mardell has labored for the automaker for 32 years and is at the moment a member of its govt board.

Bollore’s exit comes as JLR struggles to ramp up manufacturing amid industrywide supply-chain points. The corporate has additionally been unable to make important headway on electrification. 

Semiconductor shortages have left clients for $100,000 Vary Rovers ready greater than a 12 months for his or her automobiles, with gross sales suspended for some variants. Within the quarter ended September, the carmaker reported deliveries to dealerships that trailed steering by 17 %.

JLR has reported losses for seven consecutive quarters, in line with Bloomberg knowledge, most not too long ago reporting a loss earlier than tax of £173 million ($206 million) within the three months ended September.

The corporate stated Nov. 9 that it forecasts an enchancment in manufacturing and gross sales volumes within the six months to March 2023, and stated free money circulation might strategy break-even for the total monetary 12 months.

Bollore has been revamping JLR’s enterprise mannequin in an electric-focused technique referred to as “Reimagine” with a plan to make all Jaguar vehicles absolutely electrical by 2025 and provide battery variants of its Land Rover automobiles.

The carmaker has not given a lot additional element on its plans, comparable to the place it’ll construct electrical fashions or the place it’ll supply batteries from.

In Could, Bloomberg Information reported that JLR was in talks with Northvolt and SVolt Vitality Expertise about supplying batteries for a variety of EVs it might produce in Slovakia.

JLR employed Bollore as CEO in 2020 to return Britain’s greatest automaker to revenue after it took an enormous hit from the COVID-19 pandemic. Virtually a 12 months earlier, Bollore had been ousted as Renault CEO amid the fallout from the Carlos Ghosn scandal.

JLR stated earlier this month that it expects constructive revenue margins and cashflow within the second half of 2023. The division’s efficiency is essential to India’s Tata Motors because it contributes practically 60 % to the group’s income from operations.

Reuters and Bloomberg contributed to this report