TECH NEWS

Lucid Motors replaces its CFO and overhauls its entire leadership team as new CEO reshapes the company

https://media.thenextweb.com/2026/07/lucid-motors-cfo-departure-napoli-leadership-overhaul.avif

TL;DR

Lucid replaced its CFO and hired four other C-suite executives as new CEO Napoli continues restructuring the Saudi-backed EV maker.

Lucid Motors said on Thursday that its chief financial officer, Taoufiq Boussaid, will be leaving the company, the latest in a series of leadership changes under new CEO Silvio Napoli. Alexander De Bock, a veteran automotive finance executive who previously served as CFO of TI Automotive, will replace Boussaid after a transition period that will extend through Lucid’s second quarter earnings report. The departure is part of a broader C-suite overhaul that also includes new hires for the chief technology officer, chief customer officer, chief digital officer, and chief transformation officer roles.

Napoli is also cutting in half the number of people who directly report to him, a move the company said is meant to “foster closer collaboration” by bringing the new leadership team together at its...

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