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

TechCrunch · Jul 2, 2026, 2:53 PM · Also reported by 1 other source

Key takeaways

  • 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.
  • All of these changes come just weeks after Napoli officially took over the top role.

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.

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