
Lucid Reboots C-Suite Under New CEO After 18% Layoffs
Lucid Motors is executing a near-complete C-suite overhaul under new CEO Silvio Napoli, following an 18% layoff and withdrawal of 2026 production guidance. The leadership reset brings in CFO Alexander De Bock, CTO Raja Ramana Macha, and senior executives Billy Hayes (Chief Customer Officer), Hugo Martinho (Chief Transformation Officer) and Kay Stepper (President of Lucid Technologies and Chief Digital Officer), plus a Lucid Technologies unit focused on robotaxis and AI. The moves aim to simplify the organization and boost accountability as Lucid posts Q2 production of 4,774 and deliveries of 3,953 (about 7,000 in H1), signaling a tighter path to execution ahead of the August earnings call.













