Lucid Group Appoints Taoufiq Boussaid as CFO
Slice of Manufacturing Team
Jan 30, 2025
Key Highlights:
- Lucid Group appoints Taoufiq Boussaid as Chief Financial Officer, effective February 25, 2025.
- Interim CFO Gagan Dhingra promoted to SVP, Finance & Accounting; continues as Chief Accounting Officer.
- Boussaid brings decades of experience in finance transformation, operational efficiency, and shareholder value creation.
- Former Group CFO at N.V. Bekaert S.A. and finance leader at Bombardier Transportation & United Technologies Corporation.
- Lucid accelerates production of the Lucid Gravity SUV and prepares for midsize EV launch.
Source: PR Newswire
Quotes
“ "Taoufiq is joining Lucid at a pivotal time as we ramp up production of the Lucid Gravity SUV and accelerate our progress toward achieving our strategic goals. His proven ability to align financial strategy with business objectives will be critical in scaling our operations efficiently and effectively as we prepare for the launch of our midsize vehicles." ”
Peter Rawlinson, CEO & CTO at Lucid Group
Why This Matters:
Lucid Group’s appointment of Taoufiq Boussaid as CFO signals a strategic push toward financial discipline, operational efficiency, and accelerated growth. With Lucid Gravity production scaling up and the company preparing for a new midsize EV, Boussaid’s extensive finance leadership experience will be instrumental in steering Lucid toward profitability and enhanced shareholder value. This leadership transition underscores Lucid’s commitment to strengthening its financial and operational foundation as it continues to compete in the evolving EV market.
