Lucid Is Getting A New CEO As Peter Rawlinson Steps Aside

• Lucid Motors CEO Peter Rawlinson is stepping down, the company announced on Tuesday. 
• Marc Winterhoff, the EV startup’s COO, has been appointed interim CEO. 
• Rawlinson will stay on as a “strategic technical advisor.”

Peter Rawlinson, Lucid Motors’ longtime CEO and CTO, is stepping down from his role. The EV startup announced the management shakeup on Tuesday, ahead of its fourth-quarter and full-year earnings call. 

“Now that we have successfully launched the Lucid Gravity, I have decided it is finally the right time for me to step aside from my roles at Lucid,” Rawlinson said in a statement. “I am incredibly proud of the accomplishments the Lucid team have achieved together through my tenure of these past twelve years. We grew from a tiny company with a big ambition, to a widely recognized technological world leader in sustainable mobility.”

In a press release, Lucid said the decision was “part of the company’s regular succession planning process.” Rawlinson, previously the chief engineer at Tesla from 2009 to 2012, will stay on at Lucid as a strategic technical advisor to the chairman of the board. 

This story is developing. Check back for updates.