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Lucid Group Strengthens Leadership Team for Future Growth

In a strategic move aimed at bolstering its capabilities and gearing up for expansion, Lucid Group, Inc. (NASDAQ: LCID), a leading manufacturer of high-performance electric vehicles, has announced the enhancement of its executive leadership team. This initiative comes at a pivotal time as the company prepares to increase its market presence and innovation within the electric vehicle sector.

New Executive Appointments
As part of this restructuring, several high-profile executives have joined the Lucid team. New appointments include Akerho "AK" Oghoghomeh as the Senior Vice President of Marketing, Jason Ryska as the Vice President of Global Manufacturing Engineering, Dr. Kay Stepper as the Vice President of Advanced Driver-Assistance Systems (ADAS) and Autonomous Driving (AD), and Adrian Price as Senior Vice President of Operations. These additions follow on the heels of key talent who joined Lucid over the past year, reinforcing the company’s commitment to driving growth and technological advancements.

Leadership Statements
"These executive appointments further strengthen our leadership team and add to our ability to deliver continued growth and world-class technology leadership," stated Marc Winterhoff, the interim CEO of Lucid. This move is seen as crucial in solidifying the company’s status as a leading figure within the electric vehicle landscape. He emphasized the importance of combining new executives' wealth of experience with the company's existing talent across engineering, software, powertrain, and design, to maintain an edge in innovation.

Profile of New Executives

• - Akerho "AK" Oghoghomeh brings an impressive background in brand development, having previously contributed to iconic companies like Red Bull. His role is expected to significantly enhance Lucid’s marketing strategy and global brand recognition, thereby accelerating consumer engagement and driving growth.
• - Jason Ryska comes with over 30 years of manufacturing leadership experience from renowned automotive giants, such as Fiat Chrysler and Ford. His extensive background positions him perfectly to streamline manufacturing operations across Lucid's facilities.
• - Dr. Kay Stepper, with three decades in the automotive sector, joins from Qualcomm, where he expanded automotive tech applications. His insights will be critical for advancing Lucid's ADAS initiatives.
• - Adrian Price also brings deep operational leadership experience from Ford, aimed at optimizing manufacturing processes as Lucid scales production.
• - Additionally, veterans like Erwin Raphael and Gemma Parker bolster the team, with Raphael overseeing sales and customer care and Parker lending her extensive experience in vehicle development to program management.

The Road Ahead
With these strategic appointments, Lucid is not just reasserting its leadership but is also positioning itself for robust growth in the fast-evolving electric vehicle market. The combination of their experience and innovative vision aligns with Lucid's goals to enhance electric vehicle technology and redefine consumer expectations regarding performance and efficiency.

About Lucid Group, Inc.
Lucid Group stands at the forefront of electric vehicle technology innovation, utilizing cutting-edge design and engineering to deliver world-class products. Based in Silicon Valley, it is renowned for the Lucid Air and the new Lucid Gravity, electric vehicles that promise top-tier performance and energy efficiency while minimizing environmental impact. With the new executive team in place, Lucid is set to accelerate its mission and maximize its capabilities as it journeys into the future of sustainable transportation.