Lucid CFO Departure Coincides with Gravity SUV Launch

Lucid’s chief financial officer is leaving to pursue other opportunities, the automaker told investors. The news comes after Lucid debuted its luxury Gravity SUV and was bumped from the Nasdaq-100 index. Lucid’s stock ended trading down by about 2.5%, at $4.61 per share. House’s departure is effective immediately and the company didn’t say much else regarding the cause for the leadership change, except that the decision was not the result of any disagreement. Lucid’s accounting executive Gagan Dhingra will step up as interim CFO. The outgoing and rising execs will receive severance, a $215,000 bonus, accelerated stock vesting, and a company vehicle. House joined Lucid in May 2021 after spending close to four years at Waymo. Dhingra joined Lucid in December 2021 and previously led accounting at financial software developer Anaplan. Lucid declined to comment beyond the text in the SEC filing.