Lucid Searches for a new CFO as Sherry House Decides to Depart

Lucid Group, Inc. (NASDAQ: LCID) announced that CFO Sherry House has resigned from her position, effective immediately, in pursuit of other opportunities. Ms. House has offered her support in an advisory capacity until December 31, 2023, to ensure a smooth transition.

Gagan Dhingra, Lucid’s current Vice President of Accounting and Principal Accounting Officer, will step in as the interim Chief Financial Officer and Principal Financial Officer, effective immediately, while Lucid initiates the search for a new CFO.

With two years of experience at Lucid and extensive prior experience in accounting and finance, Mr. Dhingra is well-equipped to steer the Company through its upcoming growth phases and cost management initiatives.

“I am confident in Lucid’s future and grateful to have had the opportunity to contribute to its success to date. There is so much exciting innovation happening at Lucid, and I look forward to watching the company continue to grow and achieve new milestones. It was an honor to work with Peter and the Lucid team.” commented Ms. House.

“I want to thank Sherry for her contributions to the company during her tenure. She was a key member of our leadership team and a critical player during major corporate moments, including Lucid’s public listing in 2021, the production and delivery of Lucid Air, and the recent unveiling of Lucid Gravity. We wish Sherry the best of luck in her next chapter,” stated Peter Rawlinson, Lucid’s Chief Executive Officer and Chief Technology Officer.

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