(SeaPRwire) –   NEWARK, Calif., June 1, 2026 — Lucid Group, Inc. (NASDAQ: LCID), the manufacturer of the world’s most sophisticated software-defined vehicles and technologies, has officially named Silvio Napoli as its new Chief Executive Officer (CEO), effective immediately.

Napoli was initially revealed as the incoming CEO on April 14.

“Speaking on behalf of the Board, we are delighted to welcome Silvio as CEO during this pivotal moment for Lucid,” stated Turqi Alnowaiser, Chairman of the Lucid Board of Directors. “The Board stays entirely dedicated and focused on Lucid’s long-term prospects, and we possess strong confidence in Silvio’s leadership abilities.”

“Having worked closely with our teams and acquired direct experience with our products and technology, my confidence in our capacity to provide consistent execution and enduring value has grown,” remarked Napoli. “We will prioritize enhancing customer engagement, maintaining consistency and accountability in operations, securing cost competitiveness, and optimizing our organization and processes to maximize our team’s potential.”

Napoli arrives with extensive global industrial leadership experience, having most recently served as Chairman and CEO of Schindler Group. His expertise covers large-scale global operations, financial oversight, and technology-centric enterprises.

Marc Winterhoff, the former Interim CEO, has returned to his position as Chief Operating Officer and will report directly to Napoli.

About Lucid Group

Lucid Group, Inc. (NASDAQ: LCID) is a technology firm dedicated to propelling the world forward through innovation and exceptional mobility experiences. Utilizing Lucid’s proprietary technology and software-defined vehicle architectures, the company’s range of award-winning vehicles applies Lucid’s “Compromise Nothing” philosophy to the premium sectors of the global automotive market. Lucid handles product design and engineering in-house and assembles vehicles at its vertically integrated sites in Arizona and Saudi Arabia, fostering continuous innovation in vehicles, software, and advanced driver assistance as well as autonomy-ready features.

Forward-Looking Statements

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Investor Relations Contact
investor@lucidmotors.com 

Media Contact
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SOURCE Lucid Group