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AIRBUS SE

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Real-time Euronext Paris  -  11:36 2022-08-15 am EDT
108.80 EUR   +0.35%
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Jaguar Land Rover names Bergmeier as industrial operations chief

07/01/2022 | 06:58am EDT
FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Milton Keynes

LONDON (Reuters) - British carmaker Jaguar Land Rover (JLR) said on Friday it had hired former BMW executive Barbara Bergmeier for a newly-created role overseeing supply chains and industrial operations, at a time when the industry faces persistent supply shortages.

Bergmeier will become executive director of industrial operations, a new division at JLR merging responsibilities across its manufacturing, purchasing and supply chain teams, the company said in a statement.

"This change consolidates accountability for the complete ecosystem of how the company produces vehicles, in one place," the company, which was Britain's largest carmaker by production last year, said.

Bergmeier, who joins JLR from Airbus Defence and Space, worked previously at German carmaker BMW for nearly 25 years.

Her appointment comes as many global automakers struggle to source components such as semiconductors, a crisis made worse by the conflict in Ukraine which is a major hub for automotive parts.

Bergmeier will also focus on making JLR's supply chains sustainable, with the Tata Motors-owned company aiming to reach a target of net zero carbon emissions across its supply chain, products and operations by 2039.

(Reporting by Sachin Ravikumar; editing by michael Holden)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.35% 108.8 Real-time Quote.-3.51%
BMW AG -0.55% 78.12 Delayed Quote.-11.72%
TATA MOTORS LIMITED 0.18% 477.5 End-of-day quote.-1.01%
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Financials
Sales 2022 58 772 M 59 843 M 59 843 M
Net income 2022 4 036 M 4 110 M 4 110 M
Net cash 2022 7 504 M 7 641 M 7 641 M
P/E ratio 2022 20,7x
Yield 2022 1,71%
Capitalization 85 679 M 87 240 M 87 240 M
EV / Sales 2022 1,33x
EV / Sales 2023 1,05x
Nbr of Employees 128 873
Free-Float 74,0%
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Number of Analysts 18
Last Close Price 108,80 €
Average target price 150,86 €
Spread / Average Target 38,7%
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Guillaume Faury Chief Executive Officer & Director
Dominik Asam Chief Financial Officer
René Richard Obermann Chairman
Sabine Klauke Chief Technical Officer
Alberto Jose Gutierrez Moreno Chief Operating Officer
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