Press Release: Automotive Executive Brings Extensive Industry Experience to the Board of Directors.
Lucid Group, Inc. (NASDAQ: LCID), maker of the world’s most advanced
electric vehicles, today announced the election of Douglas Grimm to its
board of directors effective immediately. Grimm was elected at Lucid's
2025 Annual Meeting of Stockholders and will bring extensive automotive
experience to Lucid’s Board of Directors after having held executive
positions at Chrysler Corporation as well as global automotive supply
companies, including Metaldyne, Dana and Visteon.
"We are
delighted to welcome Douglas Grimm to the Lucid board,” said Turqi
Alnowaiser, Chairman of the Lucid Board of Directors. “We are confident
that his insights will be valuable, given his proven leadership within
the automotive and manufacturing sectors."
Grimm currently serves
as the CEO of V-to-X, LLC, which is focused on advising and investing
in the mobility sector. From 2015 to 2017, he served as President and
Chief Operating Officer at Metaldyne Performance Group (NYSE: MPG), a $3
billion automotive metals supplier with 60 manufacturing plants in 13
countries and 12,000 employees. Previously, Grimm founded and was
Chairman and CEO of Grede Holdings LLC which subsequently merged into
MPG. He also served in various leadership roles during different periods
at the company between 2001and 2006 where he was responsible for
commercial operations, forging and casting operations, global purchasing
and quality. At Visteon (NASDAQ: VC), Grimm served as Vice President of
Global Ford, Materials Management, Powertrain Electronics & Fuel
Operations. While at Dana Corporation (NYSE: DAN), Grimm served in
several executive positions, including Vice President of Global
Strategic Sourcing. He started his career at Chrysler Corporation for
ten years prior to transitioning into the automotive supply base. Grimm
currently serves as Chairman of the Board of Blue Bird Corporation
(NASDAQ: BLBD) and Electrical Components International, Inc. (ECI) and
also serves on the board of directors of Lumileds and Pangea
Corporation.
Lucid's board is currently composed of eight
members. The company’s other board members were re-elected today,
including Turqi Alnowaiser, Lisa M. Lambert, Andrew Liveris, Nichelle
Maynard-Elliott, Chabi Nouri, Ori Winitzer, and Janet S. Wong.
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 new 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 factory in Arizona. Through its industry-leading technology and innovations, Lucid is advancing the state-of-the-art of EV technology for the benefit of all.
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