Lucid Group delivered 3,953 vehicles and produced 4,774 vehicles during the quarter ended June 30, 2026, the electric vehicle maker announced this week alongside a sweeping leadership reorganization under CEO Silvio Napoli. The overhaul halves the number of executives reporting directly to Napoli and adds new leaders across finance, technology, customer experience, transformation and digital functions, the company said. The changes build on measures Lucid announced last week to reduce organizational complexity, align manufacturing capacity with market demand and improve competitiveness. Lucid will report full second-quarter financial results, including net income and cash flow data, during an August 4 earnings call, with materials posted to its investor relations website.
Highlights
- Lucid produced 4,774 vehicles and delivered 3,953 vehicles during the quarter ended June 30, 2026
- Six executives join or are promoted to Lucid’s Global Leadership Team, including incoming CFO Alexander De Bock and CTO Raja Ramana Macha
- Kay Stepper was named President of Lucid Technologies, a new business unit with responsibility for robotaxis, AI, autonomy, ADAS and enterprise IT
- Lucid will host its second-quarter 2026 earnings call on August 4, 2026, at 2:30 p.m. PT / 5:30 p.m. ET
New Leadership Appointments
Lucid named six executives to its Global Leadership Team as part of the restructuring:
- Alexander De Bock will join as incoming Chief Financial Officer. He brings more than two decades of automotive finance leadership, including a stint as CFO of TI Automotive, where he led a turnaround focused on cost transformation and restructuring.
- Raja Ramana Macha will join as Chief Technology Officer, overseeing technology strategy and engineering execution. He most recently served as Executive Vice President and CTO at Eaton, leading global innovation across multiple sectors including automotive.
- Billy Hayes joins the executive team as Chief Customer Officer, effective immediately, with enterprise accountability for sales, service and marketing, plus regional profit-and-loss responsibility for the U.S., Middle East and Europe. He brings more than 25 years of automotive experience, including senior roles at Nissan and Stellantis.
- Hugo Martinho will join as Chief Transformation Officer, effective August 1, leading enterprise-wide transformation initiatives and overseeing a new Lucid Business Process function. He brings more than 20 years of industrial experience from the Schindler Group, where he most recently served as global head of HR.
- Kay Stepper has been named President of Lucid Technologies and Chief Digital Officer, effective immediately, with accountability for robotaxis, AI, autonomy, ADAS and enterprise IT. Lucid Technologies will become a distinct business unit focused on strategic partnerships and advanced technology. Stepper brings more than 25 years of experience across automotive and technology, including leadership roles at Bosch and Qualcomm.
- Christian Appel has been promoted to Vice President, Program Management, effective immediately, with responsibility for platform program delivery and product portfolio management. Since joining Lucid in April 2025, he has led global production control and planning at the company’s AMP-1 manufacturing facility in Arizona.
“We are simplifying the organization, strengthening leadership, enforcing accountability and aligning our structure with the priorities that matter most: customers, quality, and innovation,” said Silvio Napoli, CEO of Lucid. “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 said the new Global Leadership Team will convene at the company’s head offices and manufacturing hubs with the goal of closer collaboration, faster decision-making and a more integrated operating culture.
CFO Transition
Taoufiq Boussaid, Lucid’s current Chief Financial Officer, will depart the company following a handover to De Bock and will remain through the release of second-quarter results. “We thank Taoufiq for his important contributions and wish him continued success,” Napoli said.
Q2 2026 Earnings Call Details
Lucid will hold its second-quarter 2026 earnings call on Tuesday, August 4, 2026, at 2:30 p.m. PT / 5:30 p.m. ET. The company will issue an earnings press release ahead of the call with a link to the live webcast on its investor relations site.
Lucid is again partnering with Say Technologies to let retail and institutional shareholders submit and upvote questions for management. Shareholders can submit questions starting July 20, 2026, at 2:30 p.m. PT / 5:30 p.m. ET through the Say Technologies platform; the window closes August 3, 2026, at 2:30 p.m. PT / 5:30 p.m. ET.
Sign up for our popular weekly email to catch all the latest EV news!
