Silvio Napoli Named Lucid CEO as Shares Climb 11 Percent
Lucid named Silvio Napoli as chief executive on Tuesday to lead production growth. Shares rose 11 percent as he replaces interim leader Marc Winterhoff.
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LUCID GROUP INC has appointed Silvio Napoli as its new chief executive officer, signaling a strategic move to accelerate production and sales within the increasingly competitive electric vehicle market.
Following the announcement on Tuesday, shares of the company climbed more than 11% during premarket trading. Napoli is set to take over the leadership role from Marc Winterhoff, who has been serving as the interim chief executive. Winterhoff will remain with the manufacturer, returning to his primary role as chief operating officer.
