Lucid CEO Peter Rawlinson resigns; COO Marc Winterhoff named interim CEO

Lucid Group, Inc.

Peter Rawlinson resigned as CEO and CTO effective Feb 21, 2025; becomes Strategic Technical Advisor to Chairman.
Marc Winterhoff, COO since Dec 2023, appointed Interim CEO; Board begins search for permanent CEO.
Rawlinson receives $120K/month consulting fee, $2M RSU grant, and other benefits through Feb 2027.
Winterhoff receives $20K/month stipend, $4M RSU grant, and enhanced severance (12 months from 9).
Transition part of regular succession planning; Rawlinson says Lucid Gravity launch milestone for stepping aside.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed (interim)

Peter Rawlinson

Chief Executive Officer and Chief Technology Officer

LCID · Lucid Group, Inc.

Effective: 2025-02-21
Successor: Marc Winterhoff
Filed: February 25, 2025, 6:59 PM ET

On February 25, 2025, Lucid Group, Inc. (“ Lucid ” or the “ Company ”) announced that Peter Rawlinson, the Company’s Chief Executive Officer (“ CEO ”) and Chief Technology Officer, resigned from his positions and the Company’s board of directors (the “ Board ”) on February 21, 2025 (the “ Effective Date ”).

Appointed

Peter Rawlinson

Strategic Technical Advisor to the Chairman of the Board

LCID · Lucid Group, Inc.

Effective: 2025-02-21
Filed: February 25, 2025, 6:59 PM ET

On the Effective Date, Mr. Rawlinson was appointed as Strategic Technical Advisor to the Chairman of the Board and will be available in this role through February 21, 2027.

Appointed (interim)

Marc Winterhoff

Interim Chief Executive Officer

LCID · Lucid Group, Inc.

Effective: 2025-02-21
Filed: February 25, 2025, 6:59 PM ET

On the Effective Date, in connection with Mr. Rawlinson’s departure, the Board appointed Marc Winterhoff, the current Chief Operating Officer (“ COO ”) of the Company, as Interim CEO, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Rawlinson resigned as Chief Executive Officer and Chief Technology Officer at Lucid Group, Inc..

Action: resigned
Role: Chief Executive Officer and Chief Technology Officer

Exact text from the filing

On February 25, 2025, Lucid Group, Inc. (“ Lucid ” or the “ Company ”) announced that Peter Rawlinson, the Company’s Chief Executive Officer (“ CEO ”) and Chief Technology Officer, resigned from his positions and the Company’s board of directors (the “ Board ”) on February 21, 2025 (the “ Effective Date ”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Rawlinson was appointed as Strategic Technical Advisor to the Chairman of the Board at Lucid Group, Inc..

Action: appointed
Role: Strategic Technical Advisor to the Chairman of the Board

Exact text from the filing

On the Effective Date, Mr. Rawlinson was appointed as Strategic Technical Advisor to the Chairman of the Board and will be available in this role through February 21, 2027.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marc Winterhoff was appointed as Interim Chief Executive Officer at Lucid Group, Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On the Effective Date, in connection with Mr. Rawlinson’s departure, the Board appointed Marc Winterhoff, the current Chief Operating Officer (“ COO ”) of the Company, as Interim CEO, effective immediately.

View on SEC.gov

Lucid Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-007722

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