Lucid Group, Inc., known for its cutting-edge electric vehicles, announced today that Peter Rawlinson has stepped down from his previous roles. He will now serve as Strategic Technical Advisor to the Chairman of the Board. Marc Winterhoff, the company’s Chief Operating Officer, has been appointed Interim CEO.
As part of its ongoing succession planning, the Board has launched a search for Lucid’s next Chief Executive Officer, working with a top executive search firm. The new CEO will be tasked with driving the company’s strategy and leading it into its next phase of growth. “Now that we have successfully launched the Lucid Gravity, I have decided it is finally the right time for me to step aside from my roles at Lucid,” said Rawlinson. “I am incredibly proud of the accomplishments the Lucid team have achieved together through my tenure of these past twelve years. We grew from a tiny company with a big ambition, to a widely recognized technological world leader in sustainable mobility. It has been my honor to have led and grown this remarkable, truly world-class organization, because Lucid has always been first and foremost about a team effort. The time has now come for me to hand the baton to that very team. I would like to take this opportunity to thank everyone at Lucid, our partners, and the Public Investment Fund for their steadfast support. Serving Lucid has been the privilege of a lifetime and I look forward to continuing to contribute as Strategic Technical Advisor to the Chairman of the Board. I am delighted to remain part of the Lucid family to support the continued success and growth of the company.”
“On behalf of the Board, I would like to thank Peter for his years of service and dedication to Lucid as CEO and CTO. Since launching Lucid in 2016, Peter has been instrumental in the company’s transition from concept to reality and in developing unique, world-leading technology that has defined the next generation of EVs,” said Turqi Alnowaiser, Chairman of the Lucid Board of Directors. “Having assembled a deep bench of technology leaders and positioned the company for its next phase, Peter has decided to step aside from the day-to-day operations and take on an advisory role. With his extensive background in the automotive industry, Marc is uniquely suited to leading the company during this transition period. The Board looks forward to partnering with Marc and our talented senior leadership team as we execute our strategic initiatives to position the company for long-term growth and gross margin improvement. Under Marc’s leadership, we expect business and operations to continue as usual.”
“Lucid’s technology leadership is now well-established and our roadmap well-defined,” said Winterhoff. “I am honored to step into this role as we enter the next stage in our transformational journey, and I look forward to capitalizing on the tremendous opportunity this presents. Our team remains focused on further ramping production of the Lucid Gravity, preparing for the launch of our three midsize platform vehicles, and continuing development of our low-cost Atlas drive unit while we aggressively reduce our costs.”
