
EV maker Lucid Motors replaces its CFO amid broader management overhaul
Lucid Motors on Thursday announced that Alexander De Bock will succeed Taoufiq Boussaid as the electric vehicle maker's chief financial officer after a handover period.
The shakeup is part of a broader management overhaul that includes the appointment of six new leaders.
The news came as Lucid reported second-quarter production and deliveries that failed to meet Wall Street estimates. CEO Silvio Napoli is striving to put the firm on stronger financial footing amid uneven demand for EVs.
Rival Tesla on Thursday reported second-quarter deliveries that surpassed expectations.