LCID Stock Alert: Lucid Announces CFO Departure


  • Lucid (LCID) stock is down with the departure of its Chief Financial Officer.
  • Sherry House is leaving the company to pursue other opportunities.
  • This has the company seeking a new CFO to replace House in the role.
LCID Stock - LCID Stock Alert: Lucid Announces CFO Departure

Lucid (NASDAQ:LCID) stock is falling on Tuesday after the electric vehicle (EV) company announced the departure of Chief Financial Officer Sherry House.

A press release from Lucid reveals that House is resigning from the company immediately to pursue other opportunities. However, she will remain available in an advisory role until the end of the year to assist with a smooth transition to the next CFO.

Lucid notes that it is already searching for a permanent replacement to House as its CFO. In the meantime, Vice President of Accounting and Principal Accounting Officer Gagan Dhingra will be acting as the EV company’s interim CFO.

House said the following about Luicid during the departure announcement:

“I am confident in Lucid’s future and grateful to have had the opportunity to contribute to its success to-date […] There is so much exciting innovation happening at Lucid, and I look forward to watching the company continue to grow and achieve new milestones.”

LCID Stock Reactions Today

Following news of the company losing its CFO, LCID stock shares are down 5% as of Tuesday morning. That comes with more than 2.8 million shares traded, as compared to a daily average of 28 million shares.

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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

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