Leadership & Pay ·
Lucid Group, Inc. entered into a Transition Agreement and Release with Taoufiq Boussaid, its former Chief Financial…
LCIDLucid Group, Inc.
Lucid Group, Inc. entered into a Transition Agreement and Release with Taoufiq Boussaid, its former Chief Financial Officer, effective September 4, 2026. Mr. Boussaid will serve as a Senior Advisor through December 31, 2026, receiving a monthly salary of $10,000, continued benefits, and prorated equity vesting. Upon satisfying specific conditions, including the execution of a release of claims, he is eligible for severance under the Executive Severance Plan, a prorated 2026 annual bonus of $156,390, and his company vehicle. The agreement includes customary restrictive covenants. Lucid Group, Inc. operates in the electric vehicle manufacturing industry.