Luxury electric car maker, Lucid Group Inc (NASDAQ:LCID) announced Monday 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.
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 (NYSE:MGA). Marakby also served in various leadership positions at Ford Motor Company (NYSE:F) over a nearly 30-year career at Ford, including most recently as President and CEO, Ford Autonomous Vehicles LLC.
Chabi Nouri previously served as the global Chief Executive Officer at Piaget, a luxury watch and jewelry brand. Prior to Piaget, Ms. Nouri served in various leadership positions at British American Tobacco (NYSE:BTI). Most recently Nouri served as co-manager of a private equity fund.
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, where he led the digital media practice.
"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."
Shares of LCID are up 0.57% in afternoon trading on Monday.