Silvio Napoli Assumes Role as CEO of Lucid

Silvio Napoli brings decades of experience leading global industrial companies. Most recently, he served as Chairman and CEO of Schindler Group, where he oversaw large international operations, financial performance and technology focused businesses.

Marc Winterhoff, who had been serving as Interim CEO, has returned to his role as Chief Operating Officer and will report directly to Napoli.

"On behalf of the Board, we are pleased to have Silvio as CEO at this important stage for Lucid," said Turqi Alnowaiser, Chairman of the Lucid Board of Directors. "The Board remains fully committed and focused on Lucid's long-term future, and we have strong confidence in Silvio's leadership."

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"After spending time with our teams and gaining deeper firsthand experience with our products and technology, I am increasingly confident in our ability to deliver consistent execution and long-term value," said Napoli. "Our focus will be on strengthening customer engagement, operating with consistency and accountability, achieving cost competitiveness, and streamlining our organization and processes to leverage the strength of our team fully."

About Lucid Group

Founded in 2016, Lucid Group, Inc. is a technology company focused on developing advanced electric vehicles and mobility solutions. Built on it's own proprietary technology and software-defined vehicle platform, Lucid designs premium vehicles that combine innovation, performance and efficiency while staying true to its “Compromise Nothing philosophy.

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