#RalfSpeth

Tata Motors has been hunting for a new CEO at Jaguar Land Rover (JLR), and new reports claim the search is narrowing in scope. At the start of 2020, the company announced that Ralf Speth would step down as chief executive in September, and that the quest for his replacement had begun — though it technically began in 2019.

We’ve since learned he will stick around as non-executive vice-chairman of JLR and supervise the transition of leadership, with details now emerging about his likely successor. It’s a clever way of keeping him around as he ages into retirement at 65 years, as per the parent company’s corporate policy.

According to the Financial Times, Tata has narrowed it down to three candidates. Internally, JLR seems as though it would like to promote its engineering lead, Nick Rogers. But former Audi CEO Bram Schot and BMW development boss Klaus Fröhlich are also under consideration, in addition to Fred Schulze — Audi’s product line manager at the Ingolstadt plant.

Ralf Speth, the longtime CEO of Jaguar Land Rover (JLR), is stepping down. Parent company Tata Motors confirmed the move, saying Speth would continue serving as a non-executive vice chairman on the board holding company and advisor to JLR.

At 64, Speth is easing into retirement after having led the company for the last ten years. He’s scheduled to leave his post in September, having spent the brunt of his tenure expanding the company’s global footprint.

Natarajan Chandrasekaran, chairman of the Tata Sons holding company, said a search committee has been formed will work closely with him to identify a suitable successor in the coming months. But news of Speth’s prospective replacement followed closely after the retirement announcement.

Last week, we examined the precarious situation impacting the way Jaguar Land Rover does business. If you want the abridged version, JLR isn’t sure what to do about Brexit, overestimated the Chinese market, and is concerned with tightening emission rules in Europe. The company’s now mulling the layoff of a sizable portion of its workforce to stem financial losses while parent company Tata considers what life might be like if it sold off its British properties.

Refreshingly, JLR isn’t secretive about its problems and doesn’t attempt to spin them into something positive. It knows it’s confronting real problems. It wants us to know that, too.