Lucid Group (LCID) announced the appointment of Taoufiq Boussaid as CFO, planned to become effective February 25, Interim CFO Gagan Dhingra will be promoted to Senior Vice President, Finance and Accounting and also continue as Chief Accounting Officer, reporting to Boussaid once he assumes the CFO role. Boussaid brings extensive public company finance leadership experience to the Lucid team, where he will focus on aligning key strategic, operational, and financial processes with Lucid’s profit and growth objectives while driving initiatives to enhance shareholder value. Boussaid, 53, previously served as Group Chief Financial Officer of N.V. Bekaert, a Belgium-listed industrial steel and coatings technology company, from July 2019 through October 2024, where he successfully led finance transformation efforts, improved operational efficiency, and contributed to significant debt reduction and value creation for shareholders.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LCID:
- Rivian Automotive shares jump after DOE finalizes loan deal for Georgia plant
- Lucid Group announces Canadian pricing for Lucid Gravity SUV
- Lucid Group (LCID) Breaks Record Sales, but Challenges Remain
- SoundHound AI (SOUN) Faces a Bumpy Start to 2025 Despite Ambitious Projections
- Lucid Group (NASDAQ:LCID) Scores a Win in Deliveries