Lucid names auto industry outsider as CEO, expands Uber deal
By Michael Wayland
Published on April 14, 2026.
Lucid Group has named Silvio Napoli, former chairman and CEO of Schindler Group, as its new CEO, following the sudden departure of founder Peter Rawlinson in 2025. Napoli is expected to begin as CEO in the coming weeks, pending completion of his relocation from Switzerland and U.S. visa process. The company also announced expanded investments of $750 million from an affiliate of Saudi Arabia's Public Investment Fund (PIF), its largest shareholder, and Uber Technologies, an expansion of a previously announced tie-up with Uber that includes an additional $200 million in Lucid.
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