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Lucid Motors CFO departs as new CEO Napoli reshuffles leadership amid slow Gravity SUV sales

By

Sean O'Kane

2d ago· 3 min readenNews
technologybusinessautomotivecorporate restructuring

Summary

Lucid Motors' new CEO Silvio Napoli is continuing a leadership shakeup, with CFO Taoufiq Boussaid departing the company. The EV maker announced a slate of new executive hires including a new CFO, CTO, chief customer officer, chief digital officer, and chief transformation officer. This follows hundreds of job cuts last month as Napoli tries to simplify the company amid disappointing sales of the Gravity SUV.

Source

bskyLucid Motors CFO departs as new CEO Napoli reshuffles leadership amid slow Gravity SUV salestechcrunch.com

Key quotes

· 3 pulled
The new CEO of Lucid Motors is continuing to restructure the company after announcing hundreds of job cuts last month
Boussaid's pending departure comes amid a flurry of new executive hires meant to bolster the company's leadership
Napoli tries to 'simplify the company'
Snippet from the RSS feed
The company announced a new slate of executive hires meant to help turn things around, as Gravity SUV sales are not taking off as expected.

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