Lucid's CEO Peter Rawlinson has relinquished his role, leading the company in search of a new permanent leader.

Lucid Group named Operating Chief Marc Winterhoff as its interim chief executive officer, succeeding Peter Rawlinson, who has stepped aside from the company’s top role.

Electric-vehicle maker Lucid Group said on Tuesday that Peter Rawlinson, its CEO for over 5 years, is stepping down from the role, and forecast its vehicle production will more than double this year,

The CEO change and production target were announced in conjunction with the automaker's fourth-quarter financial results. For the period ended Dec. 31, the company reported a net loss attributable to common stockholders of $636.9 million, or a loss of 22 cents per share, on revenue of $234.5 million.

Lucid Motors is changing CEOs for the first time in nearly six years. The company announced Tuesday that Peter Rawlinson is stepping down from the CEO and

Peter Rawlinson led the luxury car maker for over a decade and has been replaced by interim CEO Marc Winterhoff.

Peter Rawlinson has surprisingly moved into an advisory role, leading COO Marc Winterhoff to be appointed as Lucid's interim CEO.

Lucid Group CEO Peter Rawlinson has stepped down as the electric vehicle maker aims to more than double production units this year. Chief Operating Officer Marc Winterhoff will serve as interim CEO, and Rawlinson will remain a strategic technical advisor.

You'd think the CEO would have given the company time to hire a replacement. Winterhoff confirmed on the call that Lucid is “expecting deals to close soon,” but didn’t offer any additional details. The 2025 Lucid Air is already considered the “world’s most efficient car” with a record 5 miles/kWh.