Lucid Q2 Produces 4,774 Vehicles, Delivers 3,953; Appoints Alexander De Bock As Chief Financial Officer

Company simplifies leadership structure and appoints key leaders across finance, technology, customer, transformation and digital functions NEWARK, Calif., July 2, 2026 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID ), maker of the world's most advanced software-defined vehicles and technologies, today announced production and delivery totals for the quarter ended June 30, 2026.

During this period, the company produced 4,774 vehicles and delivered 3,953 vehicles.1 Lucid also announced organizational and leadership changes under CEO Silvio Napoli designed to simplify the company's structure, sharpen accountability and improve execution.

The changes halve the number of direct reports to the CEO. "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." The following appointments to the Lucid Global Leadership Team were announced today: Alexander De Bock will join Lucid as incoming Chief Financial Officer.

He brings more than two decades of automotive finance leadership, including serving as CFO of TI Automotive, where he helped lead a turnaround focused on cost transformation, restructuring and improved financial rigor.

De Bock joins Lucid with deep expertise in driving financial discipline and performance in complex global organizations.

Raja Ramana Macha will join Lucid as Chief Technology Officer with responsibility for the company's technology strategy and engineering execution.

He most recently served as Executive Vice President and Chief Technology Officer at Eaton, where he led global innovation and technology development across multiple sectors, including automotive.

Macha brings extensive experience in scaling innovation and aligning engineering with business outcomes.

Billy Hayes will join Lucid's executive team as Chief Customer Officer, effective immediately, with enterprise accountability for customer experience, including sales, service and marketing, as well as regional P&L responsibility for the U.S., Middle East and Europe.

He brings more than 25 years of global automotive experience, including senior leadership roles at Nissan and Stellantis.

Hayes is focused on transforming customer experience and driving commercial performance across markets.

Hugo Martinho will join Lucid as Chief Transformation Officer, effective August 1, leading enterprise-wide transformation initiatives to accelerate execution and increase accountability.

He will oversee the new Lucid Business Process function, focused on building a more integrated and efficient operating model across markets and functions.

Martinho brings more than 20 years of global 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.

He will lead Lucid Technologies which will become a distinct business unit focused on strategic partnerships and advanced technologies to accelerate shareholder value creation in this high growth, fast changing sector.

Stepper brings more than 25 years of experience across the automotive and technology sectors, 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 Lucid's AMP-1 manufacturing facility in Arizona.

Appel brings more than 15 years of automotive experience and a strong track record in execution and operational coordination.

The new Global Leadership Team will come together at the company's head offices and manufacturing hubs, with the resolve to foster closer collaboration, faster decision-making and a more integrated operating culture.