The departure of Boussaid follows a broader sweep of the executive board, with new appointments made for the chief technology, customer, digital, and transformation officer roles. Napoli, who took the helm following the sudden resignation of Peter Rawlinson in February 2025, has moved to halve the number of direct reports to his office. This internal pivot aims to align the company with a reality defined by cooling demand for its luxury sedans and the lackluster market performance of its Gravity SUV.
In section Startups & Technology
Lucid Motors Overhauls Executive Suite Amid Production Slump
Chief Financial Officer Taoufiq Boussaid is exiting Lucid Motors, the latest move in a radical leadership restructuring under new CEO Silvio Napoli. Following a wave of layoffs and stagnant delivery numbers, the company is stripping back its management layers to streamline operations and salvage its market position.
Financial strain remains a central driver for these changes. Lucid recently eliminated a second factory shift in Arizona, a move projected to save $158 million annually after delivery numbers hit only 3,953 units in the second quarter. While competitors like Rivian have managed to adjust their forecasts upward, Lucid is pinning its recovery on the upcoming $50,000 Cosmos SUV and a planned robotaxi partnership with Uber and Nuro. Napoli maintains that these structural changes are essential to sharpen execution and restore competitiveness, though the company has yet to clarify if its product roadmap will shift under the new leadership regime.
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