(Bloomberg) -- Jaguar Land Rover Automotive Plc Chief Executive Officer Ralf Speth will step down from his position September, the Financial Times reported, citing two unidentified sources.
The announcement will be made on Thursday, the newspaper said. Speth will remain as an adviser and stay on the board of Tata Sons Pvt, the owner of Jaguar Land Rover, the FT reported.
The CEO's reported exit later this year comes as Britain's biggest automaker struggles with fallout from the Brexit vote, weak sales in China and slumping U.K. demand following a clampdown on diesel vehicles.
To contact the reporter on this story: Reed Stevenson in Tokyo at rstevenson15@bloomberg.net
To contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Reed Stevenson, Chester Dawson
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