Lucid Group, Inc., maker of the world’s most advanced electric vehicles, today announced the appointment of Taoufiq Boussaid as Chief Financial Officer, planned to become effective February 25, 2025. Interim CFO Gagan Dhingra will be promoted to Senior Vice President, Finance and Accounting and also continue as Chief Accounting Officer, reporting to Boussaid once he assumes the CFO role.
“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. His proven ability to align financial strategy with business objectives will be critical in scaling our operations efficiently and effectively as we prepare for the launch of our midsize vehicles. I would also like to extend my gratitude to Gagan for his leadership as interim CFO and his continued contributions to Lucid’s success.”
Boussaid brings extensive public company finance leadership experience to the Lucid team, where he will focus on aligning key strategic, operational, and financial processes with Lucid’s profit and growth objectives while 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, where he successfully led finance transformation efforts, improved operational efficiency, and contributed to significant debt reduction and value creation for shareholders.
In 2007, he joined Bombardier Transportation, where he progressively advanced through the finance organization across various geographies, ultimately serving as Vice President Finance for EMEA and Asia Pacific. Alongside his finance roles, he also held operational responsibilities, overseeing the French and North African businesses of Bombardier Transportation. Earlier in his career, he served in key finance positions at United Technologies Corporation, including 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.
