Lucid Motors Chief Engineer Eric Buck will retire from the company after more than 10 years, the company announced.
Bach, who also served as senior vice president of products at Lucid Motors, has been with the company since 2015. He joins Lucid after three years as Director of Engineering at Tesla, working alongside Peter Rawlinson, former CEO and CTO of Lucid Motors. Before joining Tesla, Bach worked for Volkswagen for more than a decade.
TechCrunch has learned that Lucid’s vice president of engineering, James Hawkins, has also left the company after 10 years with the company. Lucid Motors declined to comment specifically on his resignation.
Bach and Hawkins’ departures are part of broader reforms announced Wednesday. Jeri Ford, vice president of quality at Lucid Motors, is also retiring. Her successor will be Marnie Levergood, who joins the company from Scout Motors.
At the same time, Lucid Motors’ current senior vice president of powertrain, Emad Dolala, will be promoted to oversee all “engineering and digital.” Dlala has been with the company since 2015, having been promoted earlier this year.
The management shake-up comes as Lucid enters its ninth month without a permanent CEO, following Peter Rawlinson’s sudden resignation in February. Former chief operating officer Mark Winterhoff has been serving as interim CEO ever since.
The deaths of Mr. Bach and Mr. Ford are the latest in a series of executive departures at Lucid Motors. The company’s director of investor relations, senior vice president of operations, managing director of Europe, and vice president of software quality and marketing all left within the last year.
This change comes at a critical moment in Lucid Motors’ history. The company has finally launched its long-awaited luxury SUV, the Gravity, which the company expects will ultimately be more successful than its struggling Air sedan.
Lucid Motors is also working on a midsize car that will cost closer to $50,000 in 2026, but says it will likely need to raise more funding before then. On Wednesday, Lucid Motors announced that its majority shareholder, Saudi Arabia’s sovereign wealth fund, had increased the cap on its loan agreement from $750 million to about $2 billion. This will provide the company with liquidity until 2027.
This article has been updated with more information about the departure and the revised loan agreement announced Wednesday.
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