Lucid Group appointed Taoufiq Boussaid as Chief Financial Officer, effective Feb. 25. Interim CFO Gagan Dhingra will move to Senior Vice President, Finance and Accounting. He will continue as Chief Accounting Officer, reporting to Boussaid until the Lucid CFO appointment is official.

Lucid CFO Appointment and Leadership Transition

“Taoufiq is joining Lucid at a pivotal time as we ramp up production of the Lucid Gravity SUV and accelerate our progress toward achieving our strategic goals,” said Peter Rawlinson, CEO and CTO of Lucid. “With decades of experience in strategic finance and operational transformation, Taoufiq will bring valuable expertise to our leadership team.”

Background of Lucid CFO Appointment Taoufiq Boussaid

Boussaid brings extensive public company finance leadership experience to Lucid, the Group said. He will align key strategic, operational, and financial processes with Lucid’s profit and growth objectives. Additionally, he will focus on driving initiatives to enhance shareholder value. Boussaid, 53, previously served as Group Chief Financial Officer of N.V. Bekaert S.A., a Belgium-listed industrial steel and coatings technology company, from July 2019 through October 2024.

Previous Roles and Experience

In 2007, he joined Bombardier Transportation, serving as Vice President Finance for EMEA and Asia Pacific. Alongside his finance roles, he also oversaw the French and North African businesses of Bombardier Transportation. Earlier in his career, he held key finance positions at United Technologies Corporation, including serving as Chief Financial Officer for their Carrier Heating Systems business in Europe. Boussaid began his career in international finance as an audit manager with Ernst & Young Global Limited in France and The Coca-Cola Company in the United States.