Lucid Names Silvio Napoli as Next CEO to Drive Growth and Profitability
Lucid Group has appointed former Schindler CEO Silvio Napoli as its new chief executive, replacing interim CEO Marc Winterhoff who will become COO.
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What Happened
Lucid Motors today announced that Silvio Napoli will become its next CEO, effective upon his relocation to the U.S. Napoli, formerly Chairman and CEO of Schindler Group, brings deep operational expertise and financial discipline. Interim CEO Marc Winterhoff will continue as COO after Napoli assumes the role.
“Silvio is a proven global leader with deep experience leading complex, technology-driven organizations through periods of rapid growth and operational scaling.”
“Working with Marc and the executive team, my focus will be on consistent execution, financial discipline and helping translate Lucid’s breakthrough innovations into long-term value.”
Why this matters
This leadership change signals Lucid’s focus on operational discipline and scaling production as it prepares to launch new models and expand revenue streams.
Terms in This Story
- CEO
- The highest-ranking executive in a company, responsible for making major corporate decisions.
- COO
- The senior executive overseeing daily operations of a company.
- Board of Directors
- A group of individuals elected to represent shareholders and oversee company management.
Summarised from the linked release; details can be imperfect — always verify against the original source.