Lucid Group - appoints Silvio Napoli as CEO effective immediately - SEC filing

Lucid Group, Inc. (NASDAQ: LCID) has announced the appointment of Silvio Napoli as its new Chief Executive Officer (CEO), effective immediately. Napoli, previously Chairman and CEO of the Schindler Group, brings extensive global industrial leadership experience to the role. He will also join Lucid’s Board of Directors. Marc Winterhoff, who served as interim CEO, will transition to Chief Operating Officer.

Napoli is recognized for his expertise in operational efficiency, capital allocation, and scaling complex, technology-driven organizations. During his tenure at Schindler Group, he drove strategic and operational transformation across global markets. His leadership style emphasizes clarity of priorities, accountability, and operational excellence, qualities Lucid’s Board of Directors highlighted as critical for the company’s next phase of growth.

Lucid stated that Napoli’s appointment aligns with its strategic goals, including scaling production of the Lucid Gravity and Lucid Air, advancing its Midsize platform vehicles, and pursuing new revenue streams through autonomy and software innovation. The company also emphasized its focus on achieving positive free cash flow and profitability.

The announcement follows a comprehensive search and reflects Lucid’s commitment to strengthening its leadership team as it expands its product portfolio and market presence. The company operates vertically integrated manufacturing facilities in Arizona and Saudi Arabia and is developing a range of software-defined vehicles.