Lucid Just Had A Big Executive Shakeup. Here's What You Need To Know

Lucid's CFO is out.

Since starting as the startup's CEO in June, Silvio Napoli has shaken up the company's leadership team.

The electric carmaker's COO and top engineer both left last month.

Lucid Motors' new CEO, Silvio Napoli, took the top job at the start of last month and has wasted no time leaving his mark on the company. On Thursday the EV maker announced that its chief financial officer, Taoufiq Boussaid, will leave the company amid broader restructuring efforts.

The departure is part of Napoli's overhaul of Lucid's C-suite, also announced Thursday. In addition to a new CFO, Lucid has hired a new chief technology officer, chief customer officer, and chief transformation officer. Kay Stepper, who was running the company's advanced driver-assistance and autonomy program, has been named president of Lucid Technologies and Chief Digital Officer.