Key facts
- Lucid Group missed its second-quarter delivery estimates, delivering 3,953 vehicles.
- Alexander De Bock has been appointed as the new Chief Financial Officer, replacing Taoufiq Boussaid.
- Raja Ramana Macha has been named the new Chief Technology Officer.
- Analysts had expected Lucid to deliver 4,618 vehicles in the second quarter.
- The company has undergone several executive changes, including a new CEO in April and the recent departure of its COO.
Lucid Group announced Alexander De Bock as its new Chief Financial Officer and Raja Ramana Macha as its new Chief Technology Officer, marking the latest in a series of executive changes at the electric vehicle manufacturer. The company also revealed it missed its second-quarter delivery estimates, delivering 3,953 vehicles against analyst expectations of 4,618. Production figures for the quarter stood at 4,774 vehicles. De Bock, a veteran in automotive finance, previously served as finance chief of TI Automotive. He replaces Taoufiq Boussaid, who will support the company through its earnings release before departing. These appointments follow other recent leadership shifts, including the hiring of Silvio Napoli as CEO in April and the departure of Chief Operating Officer Marc Winterhoff. Lucid has been facing challenges including supplier disruptions, raw material shortages, and increasing competition, leading it to suspend its 2026 production forecast and implement workforce reductions to conserve cash.