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NEWARK, CaliforniaJune 3, 2026 /PRNewswire/ — Lucid Group, Inc. (NASDAQ: LCID), the world’s most advanced software-defined vehicle and technology manufacturer, today announced that Silvio Napoli has assumed the role of Chief Executive Officer (CEO), effective immediately.
Silvio Napoli officially assumes the role of CEO of Lucid effective immediately, having been named CEO-elect on April 14, 2026.
Napoli was previously announced as CEO-elect on April 14.
Turqi Alnowaiser, Chairman of the Board of Lucid, said: “On behalf of the Board, I welcome Silvio as CEO at this important stage for Lucid. The Board remains fully committed and focused on Lucid’s long-term future, and we are confident in Silvio’s leadership.”
Napoli said: “After in-depth discussions with the team and deepening my understanding of our products and technology, I am increasingly confident in our ability to steadily and robustly advance our work and create long-term value. We will focus on strengthening customer engagement, driving operations with solid execution and accountability, enhancing cost competitiveness, and continuously optimizing our organizational structure and business processes to fully unleash the team’s capabilities.”
Napoli brings decades of global industrial leadership experience, most recently serving as Chairman and CEO of Schindler Group. His background encompasses large-scale global operations, financial management, and technology-driven businesses.
Marc Winterhoff, who served as Interim CEO, has resumed his role as Chief Operating Officer and will report to Napoli.
About Lucid Group
Lucid Group, Inc. (NASDAQ: LCID) is a technology company dedicated to creating exceptional mobility experiences through innovation, driving the world forward. Leveraging Lucid’s proprietary technology and software-defined vehicle architecture, the company’s award-winning vehicle lineup extends Lucid’s “Compromise Nothing™” philosophy to the premium segments of the global automotive market. Lucid designs and develops its products internally and assembles them at vertically integrated production facilities in Arizona and Saudi Arabia, enabling continuous innovation in vehicles, software, and advanced driver-assistance and autonomous-ready features.
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