Lucid Group Inc. named a new chief executive officer and announced $750 million of fresh investment from its two biggest backers as the electric-car maker looks to shore up operations at a crucial juncture.
Silvio Napoli, the former head of Swiss elevator manufacturer Schindler Holding AG, will become Lucid’s CEO in the coming weeks after approval of a US work visa, the automaker said Tuesday. Marc Winterhoff, who has served as Lucid’s interim CEO since February 2025, will return to the role of chief operating officer.
“My job is to come in and make a sustainable business out ...
