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Lucid Motors’ CFO is out as its new CEO continues leadership shakeup

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The new CEO of Lucid Motors is continuing to restructure the company after announcing hundreds of job cuts last month: The EV maker on Thursday said its chief financial officer Taoufiq Boussaid will be leaving the company.

Boussaid’s pending departure comes amid a flurry of new executive hires meant to bolster the company’s leadership as Lucid’s new CEO Silvio Napoli tries to “simplify the company.”

Lucid on Thursday said it has hired a new chief financial officer, chief technology officer, chief customer officer, chief digital officer, and chief transformation officer. Napoli is also cutting the number of people who directly report to him in half.

All of these changes come just weeks after Napoli officially took over the top role. Lucid Motors spent more than a year trying to find a replacement for Peter Rawlinson, who abruptly resigned as CEO and CTO in February 2025. The Saudi-owned company has...

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