Lucid Announces Election of Douglas Grimm to Board of Directors

Rhea-AI Summary

Lucid Group (NASDAQ: LCID) has announced the election of Douglas Grimm to its Board of Directors, effective immediately following the 2025 Annual Meeting of Stockholders. Grimm brings extensive automotive industry experience from executive positions at Chrysler Corporation and major automotive suppliers. He currently serves as CEO of V-to-X, LLC, focusing on mobility sector investments. His previous roles include President and COO of Metaldyne Performance Group, a $3B automotive supplier, and founder/CEO of Grede Holdings LLC. Grimm also held leadership positions at Visteon and Dana Corporation. He currently chairs the boards of Blue Bird Corporation and Electrical Components International, while serving on boards of Lumileds and Pangea Corporation. Lucid's board now consists of eight members, with all other existing members being re-elected.

Positive

• Addition of extensive automotive industry expertise to the board through Douglas Grimm's appointment
• Grimm brings valuable manufacturing and operations experience from managing a $3B automotive supplier with global presence
• Strategic enhancement of board composition with executive experienced in both traditional automakers (Chrysler) and auto suppliers

Negative

• None.

News Market Reaction – LCID

+0.94%

1 alert

+0.94% News Effect

On the day this news was published, LCID gained 0.94%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Automotive Executive Brings Extensive Industry Experience to the Board of Directors

NEWARK, Calif., June 5, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the election of Douglas Grimm to its board of directors effective immediately. Grimm was elected at Lucid's 2025 Annual Meeting of Stockholders and will bring extensive automotive experience to Lucid's Board of Directors after having held executive positions at Chrysler Corporation as well as global automotive supply companies, including Metaldyne, Dana and Visteon.

"We are delighted to welcome Douglas Grimm to the Lucid board," said Turqi Alnowaiser, Chairman of the Lucid Board of Directors. "We are confident that his insights will be valuable, given his proven leadership within the automotive and manufacturing sectors."

Grimm currently serves as the CEO of V-to-X, LLC, which is focused on advising and investing in the mobility sector. From 2015 to 2017, he served as President and Chief Operating Officer at Metaldyne Performance Group, a $3 billion automotive metals supplier with 60 manufacturing plants in 13 countries and 12,000 employees. Previously, Grimm founded and was Chairman and CEO of Grede Holdings LLC which subsequently merged into MPG. He also served in various leadership roles during different periods at the company between 2001and 2006 where he was responsible for commercial operations, forging and casting operations, global purchasing and quality. At Visteon, Grimm served as Vice President of Global Ford, Materials Management, Powertrain Electronics & Fuel Operations. While at Dana Corporation, Grimm served in several executive positions, including Vice President of Global Strategic Sourcing. He started his career at Chrysler Corporation for ten years prior to transitioning into the automotive supply base. Grimm currently serves as Chairman of the Board of Blue Bird Corporation and Electrical Components International, Inc. (ECI) and also serves on the board of directors of Lumileds and Pangea Corporation.

Lucid's board is currently composed of eight members. The company's other board members were re-elected today, including Turqi Alnowaiser, Lisa M. Lambert, Andrew Liveris, Nichelle Maynard-Elliott, Chabi Nouri, Ori Winitzer, and Janet S. Wong.

About Lucid Group

Lucid (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The award-winning Lucid Air and new Lucid Gravity deliver best-in-class performance, sophisticated design, expansive interior space and unrivaled energy efficiency. Lucid assembles both vehicles in its state-of-the-art, vertically integrated factory in Arizona. Through its industry-leading technology and innovations, Lucid is advancing the state-of-the-art of EV technology for the benefit of all.

Investor Relations Contact

investor@lucidmotors.com

Media Contact

media@lucidmotors.com 

Trademarks 
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

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SOURCE Lucid Group

FAQ

Who is Douglas Grimm and what is his role at Lucid Motors (LCID)?

Douglas Grimm is the newly elected member of Lucid Motors' Board of Directors, bringing extensive automotive industry experience from executive positions at Chrysler, Metaldyne, Dana, and Visteon.

What is Douglas Grimm's current position outside of Lucid Motors (LCID)?

Douglas Grimm currently serves as the CEO of V-to-X, LLC, a company focused on advising and investing in the mobility sector. He also chairs the boards of Blue Bird Corporation and ECI.

How many members are on Lucid Motors' (LCID) Board of Directors?

Lucid Motors' Board of Directors consists of eight members, including the newly elected Douglas Grimm and seven re-elected members.

What is Douglas Grimm's most significant previous experience in the automotive industry?

Grimm served as President and COO of Metaldyne Performance Group, a $3 billion automotive metals supplier with 60 manufacturing plants in 13 countries and 12,000 employees from 2015 to 2017.

Who are the other members of Lucid Motors' (LCID) Board of Directors?

The other board members include Turqi Alnowaiser (Chairman), Lisa M. Lambert, Andrew Liveris, Nichelle Maynard-Elliott, Chabi Nouri, Ori Winitzer, and Janet S. Wong.