Lucid Group, Inc. appointed Marc Winterhoff as its first Chief Working Officer (COO).
“I couldn’t be extra excited to affix Lucid and be a part of such a stellar group,” stated Winterhoff. “The unimaginable merchandise Lucid has created and dropped at market encourage technologists and automotive lovers in all places, and I’m honored to be a part of the workforce.”
Winterhoff will report back to CEO and CTO Peter Rawlinson. His position as COO will take impact on December 4, 2023.
“We’re delighted to welcome Marc to Lucid,” stated Peter Rawlinson, CEO and CTO of Lucid Group. “His eager perception into client and expertise traits and operational experience inside the automotive business in North America, Europe, and China make him the best chief to assist propel us into the following section of our progress.”
Winterhoff’s place in Lucid is a newly created position within the firm. As COO, Winterhoff will speed up worldwide growth, improve Lucid’s go-to-market technique, and support within the growth of the corporate’s manufacturing operations.
Winterhoff was beforehand the Director of LHS Communications within the Higher Atlanta Space and Arthur D. Little in Germany. Earlier than working with Lucid, Winterhoff was a Senior Associate at Roland Berger within the Higher Chicago Space.
Lucid lately launched its third-quarter earnings, reporting a income of $137.8 million in Q3 2023. The corporate’s income dropped 30% in comparison with the earlier 12 months. Lucid missed the analyst consensus for the third quarter, which was set to $185.1 million.
The luxurious electrical car producer delivered 1,457 models and produced 1,550 electrical autos within the final quarter. Lucid decreased its manufacturing forecast for 2023 from 10,000 to eight,000 and eight,500 models.
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