Company Announcements

NEWARK, Calif. , Feb. 9, 2026 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced Neil Marsons has joined the organization as the Senior Vice President of Supply Chain. Bringing more than 20 years of experience to the role, Marsons will be responsible for expanding and strengthening the company's global supply chain, as well as closely partnering across the organization to support production at the company's facilities in Arizona and Saudi Arabia.

Previously, Marsons served as the Group Chief Procurement Officer at Rolls Royce, where he was responsible for global procurement and supply chain across civil aerospace, defense, power systems, submarines, and small nuclear reactor businesses. Prior to his position at Rolls Royce, Marsons was Group Executive Director for global procurement, supply chain and manufacturing at JCB. He also held multiple executive supply chain positions at Jaguar Land Rover, where he helped the company navigate the global chip shortage during the 2020 pandemic.

Over the past six months, Marsons served in an advisory capacity to Lucid, supporting the company's supply chain strategy. In his new full-time role at the company, he will report to Interim CEO Marc Winterhoff.

"As we prepare Lucid for its next phase of growth and focus on optimizing resources on a path toward profitability, Neil's decades of leadership will help strengthen the reliability, performance, and cost efficiency of our supply chain," said Winterhoff. "In today's dynamic environment, supply chain excellence is critical to success, and in his short time at Lucid, Neil has already positively impacted our team, helping drive greater cost discipline and execution."

"Lucid's technology and innovation truly set it apart, and I'm thrilled to join at such an exciting moment in the company's journey," said Marsons. "As the company prepares for the launch of its midsize platform vehicles and accelerates global expansion, my team and I are committed to driving disciplined execution, effectively managing supply chains, and realizing operational excellence."

Also, Claudia Gast, Senior Vice President of Strategy and Business Development, who oversaw supply chain as part of her role, will be departing Lucid to pursue other opportunities. Lucid thanks her for all of her contributions and wishes her the best in the future.

Today's news and appointment of Marsons follows recent changes and appointments designed to accelerate growth, streamline decision-making, and enhance accountability as the company scales globally. This includes the appointment of Marnie Levergood, Senior Vice President, Quality and the promotions of Emad Dlala to Senior Vice President of Engineering and Digital, and Erwin Raphel to Senior Vice President of Global Revenue.

About Lucid Group
Lucid (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The award-winning Lucid Air and Lucid Gravity deliver best-in-class performance, sophisticated design, expansive interior space and unrivaled energy efficiency. Lucid assembles both vehicles in its state-of-the-art, vertically integrated factories in Arizona and Saudi Arabia. Through its industry-leading technology and innovations, Lucid is advancing the state-of-the-art of EV technology for the benefit of all.

Forward-Looking Statements
This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "shall," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Lucid's expectations related to the announced executive leadership appointment, including the intended business performance resulting from the appointment and other changes. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the cautionary language and the Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2024, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid's expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Media Contact
media@lucidmotors.com

Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

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SOURCE Lucid Group