Lucid Group is pivoting its leadership strategy, shifting away from its founder-led roots toward a focus on industrial scaling and operational rigor. In a move that signals a new chapter for the electric vehicle maker, Lucid names auto industry outsider as CEO, appointing Silvio Napoli to lead the company.
Napoli, who spent nearly three decades leading the Schindler Group—a global powerhouse in the manufacture of elevators and escalators—brings a background in industrial efficiency rather than automotive engineering. He succeeds founder Peter Rawlinson, who departed the company abruptly in February 2025. The appointment marks a clear attempt by Lucid to transition from a high-tech startup phase into a disciplined, mass-production enterprise.
The leadership change arrives alongside a critical financial lifeline. Lucid announced expanded investments totaling 750 million dollars, split between its largest shareholder, an affiliate of Saudi Arabia’s Public Investment Fund (PIF), and ride-hailing giant Uber Technologies. Despite the cash infusion and the new appointment, Lucid shares fell approximately 5% in midday trading, reflecting investor caution as the company navigates a volatile EV market.
A Shift Toward Operational Discipline
The selection of Silvio Napoli is a calculated departure from industry norms. While previous leaders at Lucid, including Rawlinson and interim CEO Marc Winterhoff, are seasoned automotive veterans, Napoli has never led a car company. Instead, he brings 31 years of experience from Schindler, where he served as Chairman and CEO, and currently holds a board seat at the power management firm Eaton Corp.
Lucid electric vehicles are seen at the New York International Auto Show on April 2, 2026.
Danielle DeVries | CNBC
This hire suggests that Lucid’s board is prioritizing “financial discipline” and “capital allocation” over technical product development. According to Lucid Chairman Turqi Alnowaiser, Napoli’s track record of translating advanced technology into consistent, high-quality performance will be essential as the company scales. Marc Winterhoff will remain with the organization, transitioning into the role of chief operating officer once Napoli officially takes the reins.
The transition is currently pending the completion of Napoli’s relocation from Switzerland and the finalization of his U.S. Visa process, with the company expecting him to begin his tenure in the coming weeks.
The Robotaxi Pivot and the Uber Expansion
While the leadership change addresses internal management, an expanded partnership with Uber aims to secure a future revenue stream. The two companies have significantly scaled up a previously announced tie-up, with Uber Technologies investing an additional 200 million dollars into Lucid.
More importantly, Uber has committed to purchasing at least 35,000 Lucid vehicles. These cars are not intended for retail sale but will be designed exclusively for Uber’s future global robotaxi service. This is a substantial increase from the July agreement, which had called for 20,000 vehicles and a 300 million dollar investment.