Lucid Taps Bekaert's Boussaid as New Financial Chief a Year After House's Departure

Dow Jones

29 Jan

By Katherine Hamilton

Lucid Group named Taoufiq Boussaid as chief financial officer after a more-than-year-long search to fill the role.

Boussaid is set to start on Feb. 25, the Newark, Calif., electric-vehicle company said.

Sherry House, Lucid's former financial chief, left in December 2023 to lead Ford Motor's finance unit. Since then, Gagan Dhingra has been serving as interim financial chief. Dhingra will be promoted to senior vice president of finance and accounting, the company said.

Boussaid, 53, previously served as group financial chief of Bekaert, a Belgium-listed industrial-steelcoating-technology company. Before that, he worked for Bombardier Transportation, where he became vice president of finance for EMEA and Asia Pacific.

House made a base salary of $597,510 with a total compensation of $10.9 million in 2023.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 28, 2025 17:14 ET (22:14 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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