Lucid nasdaq Lcid Shares Rally Amidst New General Counsel Appointment

Lucid (NASDAQ: LCID) Shares Rally Amidst New General Counsel Appointment

Lucid Group (NASDAQ: LCID) stock surged nearly 3% on Tuesday following the appointment of Matt Everitt as its new General Counsel.

Lucid Group (LCID) has appointed Matt Everitt as its General Counsel, entrusting him with the responsibility of overseeing the company’s legal matters on a global scale. He will provide strategic legal guidance to support Lucid Group’s ambitious growth plans.

Mr. Everitt brings a proven legal expertise spanning two continents and substantial experience in automotive, government affairs, and legal practice to Lucid’s leadership team.

Mr. Everitt has joined Lucid after an impressive 12-year career at Mercedes-Benz, where he held significant leadership roles in both the U.S. and Germany. His most recent position was as the General Counsel of Mercedes-Benz North America. Before his time at Mercedes-Benz, Mr. Everitt was an Assistant United States Attorney and practiced law at White & Case LLP.

Peter Rawlinson, the CEO and CTO of Lucid Group, has extended a warm welcome to Matt as he joins the Lucid team in California.

He said,

“His impressive legal background, deep understanding of the automotive landscape, and strategic mindset make him the ideal choice to lead our legal department as we accelerate growth in the coming years.”

Mr. Everitt expressed his enthusiasm upon joining Lucid, saying,

“Lucid’s products set an incredibly high bar for automotive companies, and I’m energized to join at a time when the company is poised to expand further.”

Everitt’s arrival follows the resignation of Chief Financial Officer Sherry House in December. House cited a desire to explore new opportunities and stayed with the company until December 31st in an advisory capacity. Gagan Dhingra, Lucid’s Vice President of Accounting and Principal Accounting Officer, assumed the role of interim CFO while the company searched for a permanent replacement.

Lucid (NASDAQ: LCID) Stock Performance

LCID stock jumped 2.67% on Tuesday. The traders had exchanged hands with 100,484,070 (100.48 million) shares compared to the average daily trading volume of 38.07 million.