Lucid names Silvio Napoli as next CEO; Winterhoff to resume COO

Lucid Group, Inc.

Silvio Napoli, former Chairman/CEO of Schindler Group, appointed as next CEO effective April 15, 2026; will also join Board.
Marc Winterhoff will continue as Interim CEO until Napoli's appointment, then resume role as Chief Operating Officer.
Napoli receives base salary of $1.5M, target annual bonus 200% of base, initial LTI grant of $9.5M (RSUs and PSUs), and new hire PSOs up to 1M shares tied to market cap milestones from $5B to $17.5B.
Winterhoff receives revised compensation: base salary $1M, target bonus 150% of base, annual LTI $5.4M, plus $2M retention bonuses and up to $3M performance cash bonus tied to market cap hurdles.

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