Lucid has announced a sweeping leadership overhaul under newly appointed Chief Executive Officer Silvio Napoli, replacing much of its executive team as the electric vehicle manufacturer works to streamline operations and improve execution following a challenging first half of 2026.
The restructuring comes just over a week after the company reduced its workforce by approximately 18% and withdrew its 2026 vehicle production guidance.
New Leadership Team Takes Shape
Lucid said the executive changes are intended to simplify the company’s organizational structure, strengthen accountability, and better align leadership with its strategic priorities. The restructuring also reduces the number of executives reporting directly to the CEO by half.
Alexander De Bock has been appointed Chief Financial Officer, joining from TI Automotive, where he led financial operations during a corporate turnaround. He succeeds Taoufiq Boussaid, who will remain with Lucid through the second-quarter earnings process before departing.
Raja Ramana Macha will become Chief Technology Officer, overseeing technology strategy and engineering execution. He previously served as Executive Vice President and Chief Technology Officer at Eaton.
Billy Hayes has been named Chief Customer Officer and will oversee sales, service, marketing, and regional profit and loss operations across the United States, Europe, and the Middle East. Hayes brings more than two decades of automotive experience from Nissan and Stellantis.
Beginning August 1, Hugo Martinho will join Lucid as Chief Transformation Officer, leading a newly established Lucid Business Process function designed to improve operational efficiency. Martinho previously worked at Schindler Group, where Napoli served as chief executive before joining Lucid.
Lucid Technologies to Focus on AI and Robotaxis
Among the most significant changes is the appointment of Kay Stepper as President of Lucid Technologies and Chief Digital Officer.
Stepper will oversee the company’s autonomy, artificial intelligence, advanced driver assistance systems (ADAS), robotaxi initiatives, and enterprise information technology.
Lucid said Lucid Technologies will operate as a distinct business unit focused on advanced technologies and strategic partnerships, highlighting the company’s growing emphasis on software-defined vehicles and autonomous mobility.
The move follows Lucid’s expanding robotaxi partnership with Uber and the recent introduction of hands-free driving capabilities on the Gravity SUV.
The company also promoted Christian Appel to Vice President of Program Management.
Restructuring Follows Challenging Quarter
Napoli officially became Lucid’s permanent CEO on June 1 after a 14-month executive search, succeeding founder Peter Rawlinson, who departed earlier this year. Interim CEO Marc Winterhoff left the company in June after Lucid eliminated the Chief Operating Officer position.
The executive overhaul follows a difficult period for the automaker.
In late June, Lucid announced plans to eliminate approximately 1,500 jobs, representing about 18% of its workforce, in an effort to generate an estimated US$158 million in annual cost savings. The company also ended second-shift production at its Casa Grande, Arizona manufacturing facility and withdrew its previous production forecast of 25,000 to 27,000 vehicles for 2026.
Deliveries Continue to Face Pressure
Alongside the leadership announcement, Lucid reported second-quarter production of 4,774 vehicles and deliveries of 3,953 vehicles.
Deliveries increased 27.8% compared with the first quarter and rose about 19% from the same period last year. However, production declined 13% from the previous quarter as the company adjusted manufacturing volumes to better match market demand.
During the first half of 2026, Lucid delivered just over 7,000 vehicles, significantly below the pace implied by its previously announced production targets.
The company is scheduled to report its full second-quarter financial results, including updated cash flow and liquidity figures, on August 4.