Lucid seeks new leader as CEO steps down

Lucid Group began the search for a new leader following the resignation of its CEO, Peter Rawlinson, who will transition into an advisory role for the electric vehicle (EV) manufacturer.

According to a statement released alongside the company’s earnings report, Lucid appointed Chief Operating Officer Mark Winterhoff as interim CEO.

As reported by Bloomberg, Winterhoff stated that Rawlinson submitted his resignation on Feb. 21, with the board of directors involved in the decision. He emphasized that the priorities of the Public Investment Fund (PIF), Lucid’s largest investor, remain unchanged.

He added that the company will continue prioritizing the ramp-up of deliveries and production for its new Gravity sport utility vehicle (SUV), cost control, and maintaining the launch timeline for its upcoming midsize vehicle.

Rawlinson had led Lucid since 2019 and played a key role in taking the company public through an IPO in 2021.