Lucid Welcomes Marc Winterhoff as Chief Operating Officer

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Lucid Group, Inc. (NASDAQ: LCID) appoints Marc Winterhoff as Chief Operating Officer, highlighting the company's focus on international expansion, go-to-market strategy, and manufacturing operations. Winterhoff brings 27 years of automotive and software industry experience.

• Lucid announces the appointment of Marc Winterhoff as Chief Operating Officer (COO), a newly created role reporting to CEO and CTO Peter Rawlinson
• Introduction of Lucid's first COO underscores Lucid's focus on accelerating international expansion, enhancing its go-to-market strategy, and maturing its world-class manufacturing operations
• Winterhoff brings 27 years of experience in the automotive and software industry

NEWARK, Calif., Nov. 7, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, is pleased to announce the appointment of Marc Winterhoff as Chief Operating Officer, effective December 4, 2023. Mr. Winterhoff will report directly to CEO and CTO Peter Rawlinson and will be focused on driving Lucid's operational efficiency, accelerating Lucid's international expansion, enhancing its go-to-market strategy, and maturing its world-class manufacturing operations.

Mr. Winterhoff joins Lucid from Roland Berger's automotive practice and brings a proven record of success to Lucid: operational leadership for large automotive manufacturers; managing manufacturing and cost efficiency; introduction of sales, service, and new mobility concepts; and long-term strategies for renowned automotive brands. He is well-equipped to lead the company's global sales and service, marketing, international markets, manufacturing operations, and supply chain organizations.

"We are delighted to welcome Marc to Lucid," said Peter Rawlinson, CEO and CTO, Lucid Group. "His keen insight into consumer and technology trends and operational expertise within the automotive industry in North America, Europe, and China make him the ideal leader to help propel us into the next phase of our growth."

"I couldn't be more excited to join Lucid and be part of such a stellar group," said Mr. Winterhoff. "The incredible products Lucid has created and brought to market inspire technologists and car-lovers everywhere, and I am honored to be part of the team."

Mr. Winterhoff graduated with a master's degree in electrical and electronics engineering and management from the Technische Universität Darmstadt. He will be based at Lucid's Silicon Valley headquarters.

About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company's first car, the Air, is a state-of-the-art luxury sedan with a California-inspired design. Lucid Air Grand Touring features an official EPA estimated 516 miles of range. Assembled at Lucid's factories in Casa Grande, Arizona and King Abdullah Economic City (KAEC), Saudi Arabia, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.

Media Contacts
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

What is the new role announced by Lucid Group, Inc. (NASDAQ: LCID)?

Lucid Group, Inc. (NASDAQ: LCID) has announced the appointment of Marc Winterhoff as Chief Operating Officer.

What is Marc Winterhoff's background?

Marc Winterhoff brings 27 years of experience in the automotive and software industry, with a proven record of success in operational leadership, managing manufacturing and cost efficiency, and introducing sales, service, and new mobility concepts for renowned automotive brands.

What will be Marc Winterhoff's focus in his new role?

Marc Winterhoff will be focused on driving Lucid's operational efficiency, accelerating international expansion, enhancing the go-to-market strategy, and maturing the manufacturing operations of the company.

Where will Marc Winterhoff be based?

Marc Winterhoff will be based at Lucid's Silicon Valley headquarters.