Lucid CEO Steps Down; EV Maker Plans to More Than Double Production in 2025
Lucid Group has announced that CEO Peter Rawlinson has stepped down as the company expects to more than double vehicle production this year to 20,000 units. Marc Winterhoff, the current chief operating officer, has taken over as interim CEO. The restructuring aims to restore full founder ownership and maintain the company's independence under Winterhoff's leadership.
- This transition highlights the challenges faced by high-growth companies in maintaining their founding vision while navigating increasing complexity and scrutiny from investors, regulators, and the public.
- How will Lucid's new leadership approach impact the company's ability to innovate and execute on its ambitious production targets, particularly in a rapidly evolving electric vehicle market?