Just three short weeks after David Smith resigned from the CEO position at Jaguar Land Rover, the company announced it is appointing Dr. Ralf Speth, 54, as its new chief executive.
Speth has spent nearly 22 years working in Europe's automotive industry. He was involved with product planning at Land Rover during its ownership by BMW, and ultimately joined Ford's Premier Automotive Group when the brand was purchased by the U.S. automaker in 2001. Following a stint at the blue oval, he was involved with the Linde Group, where he was in charge of global operations.
Speth will be accountable for operations at Jaguar Land Rover, and will report to Carl-Peter Forester, the former president of GM Europe and Tata Motor's new CEO.
"The introduction of Dr. Speth into [JLR] under the guidance of Carl-Peter Forester will considerably strengthen the management of the company and will enhance the position and reputation of these two iconic brands," said Ravi Kant, Tata's vice chairman.