Lucid’s CFO Steps Down in Latest Blow to Beleaguered EV Maker

December 11, 2023, 9:40 PM UTC

Lucid Group Inc.’s chief financial officer stepped down from the maker of luxury electric vehicles, an abrupt shakeup atop a company struggling to boost output.

Sherry House resigned from her position effective immediately to pursue unspecified opportunities, the company said in a statement Monday. Lucid’s current vice president of accounting and principal accounting officer, Gagan Dhingra, was named interim CFO while the company searches for a permanent replacement.

Shares of Lucid fell 3.9% as of 4:30 p.m. in after hours trading in New York. The stock tumbled about 33% this year through Monday’s close, after plunging 82% in ...

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