Lucid overhauls its entire C-suite under new CEO after 18% layoffs
Lucid is replacing its CFO, CTO, and most of its C-suite under new CEO Silvio Napoli, days after cutting 18% of staff and pulling 2026 guidance.
electrek.co
Lucid is replacing almost its entire executive team under new CEO Silvio Napoli, bringing in a new CFO, CTO, and three other C-level leaders in a single announcement.
The overhaul lands just over a week after the struggling EV maker cut 18% of its workforce and pulled its 2026 production guidance.
A near-total leadership reset
Lucid (NASDAQ: LCID) announced the changes today alongside its Q2 production and delivery numbers, framing them as a move to “simplify the organization, strengthening leadership, enforcing accountability and aligning our structure with the priorities that matter most.” The company says the reshuffle halves the number of direct reports to the CEO.The list of new faces is long. Alexander De Bock is joining as Chief Financial Officer, arriving from TI Automotive, where he was CFO through a cost-focused turnaround. He replaces Taoufiq Boussaid, who is departing after a handover and will support the company through its Q2 earnings.
Raja Ramana Macha is coming in as Chief Technology Officer, responsible for technology strategy and engineering execution. He was most recently EVP and CTO at Eaton. Billy Hayes joins as Chief Customer Officer with responsibility for sales, service, and marketing, plus regional P&L for the US, Middle East, and Europe. He spent 25 years at Nissan and Stellantis.
Hugo Martinho is joining August 1 as Chief Transformation Officer, a newly emphasized role overseeing a new “Lucid Business Process” function. He comes from Schindler Group — the Swiss elevator maker that Napoli himself ran before taking the Lucid job.