{"id":50812,"date":"2026-04-14T21:30:39","date_gmt":"2026-04-14T21:30:39","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=50812"},"modified":"2026-04-14T21:30:39","modified_gmt":"2026-04-14T21:30:39","slug":"lucid-names-auto-industry-outsider-as-ceo-expands-uber-deal","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=50812","title":{"rendered":"Lucid names auto industry outsider as CEO, expands Uber deal"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108287650\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Lucid electric vehicles are seen at the New York International Auto Show on April 2, 2026.<\/p>\n<p>Danielle DeVries | CNBC<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><a href=\"https:\/\/www.cnbc.com\/quotes\/LCID\/\">Lucid Group<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> has named the former chairman and CEO of Schindler Group, an industrial manufacturer of escalators and elevators, as its new chief executive. <\/p>\n<p>Silvio Napoli, who spent nearly 31 years at Schindler, is set to become the all-electric vehicle maker&#8217;s second CEO following the <a href=\"https:\/\/www.cnbc.com\/2025\/02\/25\/lucid-ceo-peter-rawlinson-steps-down-ev-maker-plans-to-double-production.html\">abrupt departure<\/a> of Lucid founder Peter Rawlinson in February 2025.<\/p>\n<p>Interim <a href=\"https:\/\/www.cnbc.com\/2026\/03\/12\/lucid-investor-day.html\">CEO Marc Winterhoff will remain<\/a> with the company as its chief operating officer once Napoli takes the reins, according to Lucid. A company spokesman said Napoli is expected to begin as CEO in the coming weeks, pending completion of his relocation from Switzerland and U.S. visa process. <\/p>\n<p>Shares of Lucid fell roughly 5% in midday trading, as the company also announced <a href=\"https:\/\/media.lucidmotors.com\/article?id=7r1k5SIGvKlxtTltn4CLHE\" target=\"_blank\">expanded investments Tuesday<\/a> of $750 million from an affiliate of Saudi Arabia&#8217;s Public Investment Fund \u2014 its largest shareholder \u2014 and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-5\"><a href=\"https:\/\/www.cnbc.com\/quotes\/UBER\/\">Uber Technologies<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>.<\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108243331\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108243331\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000398946\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>The latter is an expansion of a previously announced tie-up with Uber that includes the ride-hailing company investing another $200 million in Lucid. Uber has also agreed to purchase at least 35,000 Lucid vehicles designed exclusively for use as part of Uber&#8217;s future global robotaxi service. That&#8217;s up <a href=\"https:\/\/www.cnbc.com\/2025\/07\/17\/uber-lucid-robotaxi-partnership-300-million-20000-nuro.html\">from $300 million and 20,00 vehicles<\/a> announced in July.<\/p>\n<p>The PIF-backed investment is $550 million, according to Lucid. <\/p>\n<p>Napoli, who also serves on the board of American-Irish multinational power management company Eaton Corp., has not previously worked in the auto industry, while Rawlinson and Winterhoff are automotive veterans.<\/p>\n<p>The <a href=\"https:\/\/media.lucidmotors.com\/article?id=2x5pjQVAVZjR749somNZjY\" target=\"_blank\">company said Napoli&#8217;s<\/a> &#8220;deep operational expertise, financial discipline and track record of leadership in innovation&#8221; would position Lucid for its future growth plans, including <a href=\"https:\/\/www.cnbc.com\/2026\/03\/12\/lucid-investor-day.html\">upcoming midsize EVs<\/a> and new autonomy initiatives.<\/p>\n<p>&#8220;His expertise in capital allocation, operational efficiency and translating advanced technology into consistent high-quality performance over time will be critical as Lucid continues to scale and execute its strategy,&#8221; Lucid Chairman Turqi Alnowaiser said in a statement.<\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\"><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2026\/04\/14\/lucid-ceo-silvio-napoli.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lucid electric vehicles are seen at the New York International Auto Show on April 2, 2026. Danielle DeVries | CNBC Lucid Group has named the former&hellip;<\/p>\n","protected":false},"author":1,"featured_media":50813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[40],"tags":[],"class_list":["post-50812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/50812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50812"}],"version-history":[{"count":0,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/50812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/media\/50813"}],"wp:attachment":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}