Lucid (LCID) names Silvio Napoli as its new CEO, while receiving USD 750mln of commitments from Saudi PIF and Uber (UBER)
Importance
Level 1
- Ayar Third Investment to purchase USD 550mln of Lucid convertible preferred stock
- Silvio Napoli will be next CEO and will join Lucid's Board of Directors.
- CEO Marc Winterhoff will serve as COO upon Napoli assuming the CEO role.