Lucid‘s new chief financial officer used his first public statement in the role to describe the period ahead in three goals — “execution, cost discipline and rebuilding confidence.”
Alexander De Bock, who took over from Taoufiq Boussaid this month, published the remarks on LinkedIn on Tuesday evening, saying he had joined with clear eyes and that anyone following Lucid already knew what the period ahead required.
Chief Executive Silvio Napoli had said as much eight days earlier, in the bluntest self-assessment any Lucid executive has delivered.
On the second-quarter call on August 4, Napoli told analysts the company had disappointed on several fronts and for far too long, and that it had not executed consistently.
Napoli listed missed commitments, products launched before they were ready, underinvestment in service, slow responses to quality issues, and complexity that delayed decisions.
He said Lucid had strained trust with its customers, its employees, its suppliers and its investors.
Both the Air and the Gravity have shipped with software problems serious enough to draw an apology from a previous interim chief executive, and the Gravity’s hands-free driving arrived roughly eleven months after the Air’s, with a driver-monitoring fault that Lucid addressed in a software update this week.
Napoli also said he was changing how the company launches vehicles and pushed the midsize Cosmos into the second half of 2027.
De Bock wrote on LinkedIn that the finance work he has always found most interesting sits where the ambition is real but the operating rigour still has to catch up.
“I joined with clear eyes,” the executive said. “Anyone following the company knows the period ahead is about execution, cost discipline and rebuilding confidence — and that suits me.”
What He Inherits
De Bock arrived a day after the second-quarter results that closed Boussaid’s tenure.
Lucid reported revenue of $405.3 million for the quarter, a net loss of $1.03 billion, adjusted EBITDA of negative $901.1 million and free cash flow of negative $1.48 billion.
The Saudi-backed EV maker disclosed $732.6 million in cash and about $3.0 billion in total liquidity before an $800 million credit draw in early July.
Management cut roughly a fifth of the workforce earlier this year — as exclusively reported by EV — and eliminated the second shift at its Arizona plant in June, changes it valued at about $158 million in annualized savings, and set a target of about $1.4 billion in cash-flow improvement for the year.
Napoli organized the turnaround around three headings — cash and cost, customer and quality, and culture and team.
A Turnaround Résumé
De Bock is the fourth person to hold the finance job at Lucid in five years, and the first hired by Napoli.
His career is almost entirely in components rather than vehicles.
He spent nearly 13 years at WABCO Holdings, the commercial-vehicle systems supplier, rising from assistant group controller in Brussels through two business-unit CFO roles and investor relations to corporate treasurer, and serving as the NYSE-listed company’s CFO between September 2017 and June 2018.
After ZF acquired WABCO in 2020 he ran finance for ZF’s commercial vehicle division from Bern, sitting on the board of the group’s Indian commercial-vehicle arm, then moved to TI Fluid Systems as CFO and executive director in April 2023.
He stayed through the London-listed supplier’s sale and became CFO of the combined TI Automotive under Apollo Global Management’s ownership, a period Lucid has described as a turnaround built on cost transformation and restructuring.
Sherry House was hired in 2021 out of Waymo for a public listing and a fundraising cycle.
Boussaid came from a Belgian steel group with a debt-reduction record.
De Bock comes from consecutive supplier turnarounds — and is the first Lucid finance chief with no experience at a vehicle manufacturer.
Two Unexplained Details
Lucid‘s July filing stated that De Bock had been chief financial officer of the chassis maker Metalsa since June 2026, a tenure of roughly a month before the appointment was announced.
Metalsa does not appear in the visible experience section of his LinkedIn profile, which runs from TI Automotive, ending in February 2026, directly to Lucid in August.
The same filing summarized his WABCO years as various finance leadership positions, without noting that they included the chief financial officer’s seat at a New York-listed company — the credential most directly relevant to the job he has now taken.
