Lucid Group Revamps Executive Team for Global Expansion

Published 54 minutes agoLCID

Lucid Group Revamps Executive Team for Global Expansion

Lucid Group has made significant changes to its executive team as part of its ambitious electric vehicle (EV) expansion strategy. The company announced the appointment of Taoufiq Boussaid as the new Chief Financial Officer, effective February 25, 2025. Boussaid, with his extensive background in strategic finance, previously served as CFO of NV Bekaert SA in Belgium. His arrival is expected to bolster Lucid’s financial strategies as the company gears up to increase production, particularly of the new Lucid Gravity SUV.

In addition to the CFO appointment, there is a notable leadership transition within Lucid. CEO Peter Rawlinson is stepping down from his position, taking on a new advisory role as Strategic Technical Advisor to the Chairman. Marc Winterhoff, formerly Chief Operating Officer, has stepped in as the Interim CEO. Reuters reported that these shifts are crucial as Lucid prepares for significant growth phases.

Lucid's strategic appointments are not limited to financial roles. The company is positioning itself for expansion in European and Chinese markets, with key hires like Alexander Lutz as Managing Director for Europe and Zhu Jiang to spearhead operations in China. These moves point to Lucid’s broader commitment to cement its presence in the global EV market, aligning with its plans to establish production facilities in China and the Middle East.

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Lucid Group Revamps Executive Team for Global Expansion

Lucid Group Revamps Executive Team for Global Expansion

54 minutes agoLCID

Lucid Group has made significant changes to its executive team as part of its ambitious electric vehicle (EV) expansion strategy. The company announced the appointment of Taoufiq Boussaid as the new Chief Financial Officer, effective February 25, 2025. Boussaid, with his extensive background in strategic finance, previously served as CFO of NV Bekaert SA in Belgium. His arrival is expected to bolster Lucid’s financial strategies as the company gears up to increase production, particularly of the new Lucid Gravity SUV. In addition to the CFO appointment, there is a notable leadership transition within Lucid. CEO Peter Rawlinson is stepping down from his position, taking on a new advisory role as Strategic Technical Advisor to the Chairman. Marc Winterhoff, formerly Chief Operating Officer, has stepped in as the Interim CEO. Reuters reported that these shifts are crucial as Lucid prepares for significant growth phases. Lucid's strategic appointments are not limited to financial roles. The company is positioning itself for expansion in European and Chinese markets, with key hires like Alexander Lutz as Managing Director for Europe and Zhu Jiang to spearhead operations in China. These moves point to Lucid’s broader commitment to cement its presence in the global EV market, aligning with its plans to establish production facilities in China and the Middle East.