Lucid Group ended a 14-month CEO hunt on April 14, 2026, tapping Silvio Napoli, the former chairman and CEO of Swiss elevator giant Schindler Group, to steer the luxury EV maker through its deepening cash burn and production ramps. Shares of LCID tumbled 6% that day, closing near $7.50 amid disclosures of a first-quarter operating loss projected between $985 million and $1 billion. Napoli, who spent nearly 31 years at Schindler modernizing supply chains and pushing into Asia, steps in after interim chief Marc Winterhoff—who took over when founder Peter Rawlinson resigned as CEO in February 2025—returns to his COO post. Turqi Alnowaiser, Lucid’s board chairman, praised the pick. “Silvio is a proven global leader with deep experience leading complex, technology-driven organizations through periods of rapid growth and operational scaling,” Alnowaiser said in the company’s press release . Winterhoff gets credit for steadying the ship.…