New directors bring significant global experience to the
Lucid board of directors in the areas of marketing, finance, and
operations, across both automotive and luxury consumer
goods
NEWARK,
Calif., April 24, 2023 /PRNewswire/ -- Lucid
Group, Inc. (NASDAQ: LCID), setting new standards for luxury
electric experience with the Lucid Air, winner of the 2023 World
Luxury Car Award, today announced the election of Sherif Marakby,
Chabi Nouri, and Ori Winitzer to its board of directors effective
immediately. The new directors were elected at Lucid's annual
shareholder meeting held earlier today, replacing Nancy Gioia,
Frank Lindenberg, and Tony Posawatz.
Lucid's board is now composed of nine members including, Turqi
Alnowaiser, Glenn R. August,
Andrew Liveris, Nichelle Maynard-Elliott, Peter Rawlinson and Janet S. Wong, all of whom were re-elected
today. Eight of the directors qualify as independent under NASDAQ
rules.
"We're excited to have Sherif, Chabi, and Ori join Lucid's board
of directors during such a pivotal time in our company's journey to
build a sustainable future for generations to come," said
Peter Rawlinson, Lucid's CEO and
CTO. "Combined, they bring significant global experience in the
areas of marketing, finance and operations, across both automotive
and luxury consumer goods. Today's changes to our board of
directors reflect the evolution of the company's key objectives
over time, and we look forward to the contributions by our new
directors to Lucid's global expansion and continued
success."
"I'm delighted to be joining Lucid's board of directors," said
Sherif Marakby. "Lucid's mission to inspire the adoption of
sustainable energy by creating advanced technologies and the most
captivating luxury electric vehicles on the market is one I greatly
admire, and I can't wait to contribute my skills towards the
company's future success."
"I'm thrilled to be joining such a talented team of
entrepreneurs striving to make a difference in the world of
sustainable mobility," said Chabi
Nouri. "I'm looking forward to joining Lucid's board of
directors and contributing value to the company as it continues to
create exciting new luxury electric vehicles and expand
globally."
"With exceptional performance, an elegant design, and
game-changing range, Lucid Air is a truly innovative luxury sedan,"
said Ori Winitzer. "I'm looking
forward to bringing my finance, investment and operational skills
to the table, joining an exceptional board, and contributing to
Lucid's future growth."
Sherif Marakby has served as an advisor to MemryX Inc., an
automotive and consumer products company since July 2022. Previously, Mr. Marakby served as
Executive Vice President, Corporate Research and Development of
Magna International, one of the largest tier 1 suppliers to the
automotive industry in the world, from July
2020 to October 2021. Mr.
Marakby also served in various leadership positions at Ford Motor
Company over a nearly 30-year career at Ford, including most
recently as President and CEO, Ford Autonomous Vehicles LLC, from
July 2018 to October 2019, and Vice President, Autonomous
Vehicles and Electrification, from 2017 to 2018. In addition, Mr.
Marakby served as Vice President of Global Vehicle Programs at Uber
Technologies, a ride-sharing company, from April 2016 to April
2017. Mr. Marakby has served on the board of directors of
American Battery Technology Company, a critical minerals and
lithium-ion battery recycling company since February 2022. Mr. Marakby holds a B.S. in
Electrical Engineering from the King Fahd University of Petroleum & Minerals in Dhahran,
Saudi Arabia, an M.S. in
Electrical Engineering from the University of
Maryland College Park, and an M.B.A. from the University of Michigan, Ann Arbor.
Chabi Nouri has served as co-manager of a private equity
fund focused on Lifestyle, Impact, Innovation franchise within
Mirabaud Asset Management since March
2022. She previously served as the global Chief Executive
Officer at Piaget, a luxury watch and jewelry brand, a branch of
Richemont Group, from April 2017 to
June 2021 and as Piaget's Chief
Marketing Officer from October 2014
to March 2017. Prior to Piaget, Ms.
Nouri served in various leadership positions at British American
Tobacco Plc where she led globally the Vogue Cigarettes brand, and
at Cartier International in merchandising, retail and product
development, where she led globally High Jewelry and the Creative
Jewelry. Ms. Nouri has also served as a non-executive director and
a member of the ESG committee of Watches of Switzerland Group PLC,
a luxury watch and jewelry retailer, since May 2022. She holds an M.A. in Marketing and
Economics from the University of Fribourg and has earned
certificates from MIT and IMD on the
Digital Future and ESG.
Ori Winitzer is a founding member and has served as Partner
of Integrated Media Company, a TPG Inc. platform dedicated to the
digital media ecosystem, since October
2018. He previously served as Senior Managing Director at
Guggenheim Partners, a global investment and advisory firm, from
July 2017 to September 2018, where he led the digital media
practice. Prior to Guggenheim Partners, Mr. Winitzer served in
various investment banking positions at LionTree LLC and Rothschild
& Co. Mr. Winitzer has been serving as a director of Savvy
Games Fund, a games and esports company, since July 2022. He has also been serving as a director
of FootballCo, a family of media properties dedicated to football
(soccer), since October 2020, and as
Co-Chairman since September 2021. Mr.
Winitzer holds a B.A. in History and French from the University of Wisconsin-Madison and an M.B.A. from
Columbia University.
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by
creating advanced technologies and the most captivating luxury
electric vehicles centered around the human experience. The
company's first car, the Air, is a state-of-the-art luxury sedan
with a California-inspired design.
Lucid Air Grand Touring features an official EPA estimated 516
miles of range or 1,050 horsepower. Produced at Lucid's factory in
Casa Grande, Arizona, deliveries
of Lucid Air are currently underway to customers in the U.S.,
Canada, Europe and the Middle East.
Media Contact
media@lucidmotors.com
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and copyrights of Lucid Group, Inc. and its subsidiaries and other
companies, which are the property of their respective
owners.
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SOURCE Lucid Group