Lucid Motors is altering CEOs for the primary time in practically six years. The corporate announced Tuesday that Peter Rawlinson is stepping down from the CEO and CTO roles that he’s held since earlier than the corporate went public.
Lucid appointed its chief working officer Marc Winterhoff as its interim CEO. Rawlinson will function “strategic technical advisor” to Turqi Alnowaiser, who’s chairman of the board and a prime govt at Saudi Arabia’s sovereign wealth fund — Lucid’s majority proprietor.
The management change comes at a essential time for Lucid Motors, which simply launched its Gravity SUV late final yr. Lucid Motors has excessive hopes for the electrical SUV, as the corporate’s first car — the Air sedan — has struggled to come back anyplace close to the gross sales targets it as soon as projected when it went public in 2021. The Gravity continues to be within the technique of being slowly rolled out to early prospects, staff, and different individuals near the corporate.
“Now that we have now efficiently launched the Lucid Gravity, I’ve determined it’s lastly the precise time for me to step except for my roles at Lucid,” Rawlinson stated in a press release. “I’m extremely pleased with the accomplishments the Lucid crew have achieved collectively via my tenure of those previous twelve years. We grew from a tiny firm with a giant ambition, to a widely known technological world chief in sustainable mobility.”
Rawlinson got here to Lucid Motors in 2013 again when it was nonetheless referred to as Atieva, and was primarily targeted on growing battery packs and different EV powertrain parts. He had beforehand been employed at Tesla because the chief engineer of the Mannequin S sedan — a undeniable fact that Tesla CEO Elon Musk has repeatedly tried to obscure.
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