Lucid Group, Inc. announced the election of Sherif Marakby, Chabi Nouri, and Ori Winitzer to its board of directors effective immediately. The new directors were elected at Lucid's annual shareholder meeting held on April 24, 2023, replacing Nancy Gioia, Frank Lindenberg, and Tony Posawatz. Lucid's board is now composed of nine members including, Turqi Alnowaiser, Glenn R. August, Andrew Liveris, Nichelle Maynard-Elliott, Peter Rawlinson and Janet S. Wong, all of whom were re-elected today.

Eight of the directors qualify as independent under NASDAQ rules. Sherif Marakby has served as an advisor to MemryX Inc., an automotive and consumer products company since July 2022. Previously, Mr. Marakby served as Executive Vice President, Corporate Research and Development of Magna International, one of the larger tier 1 suppliers to the automotive industry in the world, from July 2020 to October 2021.

Mr. Marakby also served in various leadership positions at Ford Motor Company over a nearly 30-year career at Ford, including most recently as President and CEO, Ford Autonomous Vehicles LLC, from July 2018 to October 2019, and Vice President, Autonomous Vehicles and Electrification, from 2017 to 2018. In addition, Mr. Marakby served as Vice President of Global Vehicle Programs at Uber Technologies, a ride-sharing company, from April 2016 to April 2017. Mr. Marakby has served on the board of directors of American Battery Technology Company, a critical minerals and lithium-ion battery recycling company since February 2022.

Mr. Marakby holds a B.S. in Electrical Engineering from the King Fahd University of Petroleum & Minerals in Dhahran, Saudi Arabia, an M.S. in Electrical Engineering from the University of Maryland College Park, and an M.B.A. from the University of Michigan, Ann Arbor.Chabi Nouri has served as co-manager of a private equity fund focused on Lifestyle, Impact, Innovation franchise within Mirabaud Asset Management since March 2022. She previously served as the global Chief Executive Officer at Piaget, a luxury watch and jewelry brand, a branch of Richemont Group, from April 2017 to June 2021 and as Piaget's Chief Marketing Officer from October 2014 to March 2017. Prior to Piaget, Ms. Nouri served in various leadership positions at British American Tobacco Plc where she led globally the Vogue Cigarettes brand, and at Cartier International in merchandising, retail and product development, where she led globally High Jewelry and the Creative Jewelry.

Ms. Nouri has also served as a non-executive director and a member of the ESG committee of Watches of Switzerland Group PLC, a luxury watch and jewelry retailer, since May 2022. She holds an M.A. in Marketing and Economics from the University of Fribourg and has earned certificates from MIT and IMD on the Digital Future and ESG.Ori Winitzer is a founding member and has served as Partner of Integrated Media Company, a TPG Inc. platform dedicated to the digital media ecosystem, since October 2018. He previously served as Senior Managing Director at Guggenheim Partners, a global investment and advisory firm, from July 2017 to September 2018, where he led the digital media practice.

Prior to Guggenheim Partners, Mr. Winitzer served in various investment banking positions at LionTree LLC and Rothschild & Co.Mr. Winitzer has been serving as a director of Savvy Games Fund, a games and esports company, since July 2022. He has also been serving as a director of FootballCo, a family of media properties dedicated to football (soccer), since October 2020, and as Co-Chairman since September 2021. Mr. Winitzer holds a B.A. in History and French from the University of Wisconsin-Madison and an M.B.A. from Columbia University.