EVwire brief: Lucid delivered 3,953 vehicles and produced 4,774 in the second quarter, falling short of Wall Street's expectations of 4,618 deliveries and 5,280 produced, per Visible Alpha. Alongside the numbers, the company named Alexander De Bock its incoming CFO as part of a sweeping leadership overhaul under CEO Silvio Napoli.
De Bock, most recently finance chief at TI Automotive, takes over from Taoufiq Boussaid, who will stay on through the Q2 earnings handover before departing.
CEO Silvio Napoli framed the restructuring as a reset of how the company runs.
"We are simplifying the organization, strengthening leadership, enforcing accountability and aligning our structure with the priorities that matter most: customers, quality, and innovation.
“The caliber of leaders who are joining the Lucid leadership team is a testament to the inherent value of our business and to the exciting prospects ahead of us. We are building a new team who will transform the company."
Lucid delivered 3,953 vehicles during the second quarter
The shakeup cuts the number of executives reporting directly to Napoli in half and touches nearly every corner of the C-suite. Raja Ramana Macha, previously Eaton's CTO, becomes chief technology officer. Billy Hayes, a Nissan and Stellantis veteran, joins as chief customer officer with sales, service, and marketing under him plus P&L responsibility for the US, Middle East, and Europe.
Hugo Martinho arrives August 1 as chief transformation officer from Schindler, the elevator giant Napoli himself once ran, and Christian Appel, who has led production control at the AMP-1 plant in Arizona, is promoted to VP of program management.
Kay Stepper, with Bosch and Qualcomm on his resume, becomes president of Lucid Technologies and chief digital officer, owning robotaxis, AI, autonomy, ADAS, and enterprise IT. Lucid Technologies will operate as a distinct business unit built around strategic partnerships, the lane where Lucid's 20,000-robotaxi deal with Uber and Nuro already sits. As announced by CEO Napoli on LinkedIn:
Context:
The churn has been constant since Napoli, the former Schindler chief, took over in April. COO Marc Winterhoff, who ran Lucid as interim CEO for more than a year before that, left just last week.
The backdrop remains rough. Lucid shelved its 2026 production outlook in May while it reviews the business, has run two rounds of layoffs this year, including about 18% of US staff last week, and has been reworking its supply chain to preserve cash. Production of its Air sedan and Gravity SUV has been hampered by supplier problems and shortages of aluminum and semiconductors, all while the market drifts toward cheaper EVs than Lucid sells.
Lucid reports its full Q2 results on Tuesday, August 4, at 2:30 p.m. PT (5:30 p.m. ET). Shareholders can submit and upvote questions for management through Say Technologies starting July 20.
Source: Lucid's Q2 2026 production, delivery, and leadership announcement, Reuters
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