Tata Motors CFO to Take Charge of JLR After CEO’s Departure (1)

Tata Motors Ltd.’s Chief Financial Officer will take the helm of Jaguar Land Rover, giving the Indian automaker more operational control over its British subsidiary after the departure of its chief executive officer.

PB Balaji will take over as CEO of JLR in November from Adrian Mardell, the company said Monday. The move follows news last week that the carmaker’s CEO was leaving after three years in charge and 35 years with the manufacturer.

The appointment of Balaji, who’s been Tata Motors’ CFO since 2017, strengthens the Indian group’s grip on JLR, which accounts for roughly two-thirds ...