Lucid Group ( (LCID) ) has shared an announcement.
On February 21, 2025, Peter Rawlinson resigned as CEO and CTO of Lucid Group, transitioning to a Strategic Technical Advisor role. Marc Winterhoff, previously COO, was appointed as Interim CEO, with the Board initiating a search for a permanent successor. This leadership change is part of Lucid’s succession planning, aiming to maintain operational continuity and strategic growth. The transition follows the successful launch of the Lucid Gravity, with the company focusing on production ramp-up and cost reduction strategies.
More about Lucid Group
Lucid Group, Inc. is a Silicon Valley-based technology company specializing in the production of advanced electric vehicles (EVs). Known for its award-winning models such as the Lucid Air and Lucid Gravity, the company emphasizes best-in-class performance, sophisticated design, and energy efficiency. Lucid operates a vertically integrated factory in Arizona, focusing on pioneering EV technology.
YTD Price Performance: -8.25%
Average Trading Volume: 89,166,966
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.37B
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