Lucid Motors’ chief engineer Eric Bach is leaving the corporate after greater than a decade, the corporate has announced.
Bach, who additionally served as Lucid Motors’ Senior Vice President of Product, has been with the corporate since 2015. He joined Lucid after spending three years as Tesla’s Director of Engineering, the place he labored alongside Lucid Motors’ former CEO and CTO Peter Rawlinson. Bach spent greater than 10 years at Volkswagen earlier than Tesla.
TechCrunch has discovered that Lucid’s VP of Engineering, James Hawkins, can also be now not with the corporate after spending 10 years there. Lucid Motors declined to particularly touch upon his departure.
Bach’s and Hawkins’ departures are a part of a wider shake-up introduced Wednesday. Lucid Motors’ Vice President of High quality, Jeri Ford, is retiring as nicely. She will probably be changed by Marnie Levergood, who’s coming to the corporate from Scout Motors.
On the identical time, Lucid Motors’ present Senior Vice President of Powertrain, Emad Dlala, is being elevated to supervise all of “Engineering and Digital.” Dlala was promoted as soon as already earlier this 12 months and has been with the corporate since 2015.
The chief shake-up comes as Lucid enters its ninth month with out a everlasting CEO after Peter Rawlinson immediately resigned in February. Former chief working officer Marc Winterhoff has been serving as CEO on an interim foundation ever since.
The lack of Bach and Ford is the most recent in a line of govt departures at Lucid Motors. The corporate’s head of investor relations, Senior Vice President of Operations, Managing Director for Europe, and the Vice Presidents of Software program High quality and Advertising and marketing have all left inside the final 12 months.
The modifications are occurring at a important second in Lucid Motors’ historical past. The corporate lastly launched its long-awaited luxurious SUV, the Gravity, which the corporate expects will finally be extra profitable than the Air sedan, which it has struggled to promote.
Lucid Motors can also be engaged on a midsized car that will probably be priced nearer to $50,000 in 2026, although it has mentioned it doubtless wants to boost more cash earlier than that occurs. On Wednesday, Lucid Motors introduced that its majority proprietor — Saudi Arabia’s sovereign wealth fund — had boosted the cap of a mortgage settlement from $750 million to round $2 billion, which gives the corporate liquidity till 2027.
This story has been up to date with extra details about departures and the amended mortgage settlement introduced Wednesday.
