Additions of Gagan Dhingra, VP of Accounting and Principal Accounting Officer, and Mustally Hussain, Running Director, Worldwide Treasurer and Head of Monetary Providers, bolster economical arm of Lucid as a speedily expanding public firm
NEWARK, Calif., Dec. 23, 2021 /PRNewswire/ — Lucid Group (NASDAQ: LCID), which is location new benchmarks with its sophisticated luxury electrical motor vehicles (EVs), these days declared the appointment of Gagan Dhingra as Vice President of Accounting and Principal Accounting Officer, and Mustally Hussain as Taking care of Director, World wide Treasurer and Head of Economical Expert services. With each other, they carry many years of strategic management practical experience in building accounting and monetary capabilities at various multi-nationwide companies.
“I am thrilled to welcome Gagan and Mustally to Lucid as we embark on a different calendar year of unprecedented progress for the firm,” stated Sherry Property, CFO, Lucid Group. “With their leadership and deep skills, we’ll be able to further create and sustain critical infrastructure within just Lucid that will finest serve our stakeholders in opposition to the backdrop of the firm’s world growth and rising demand for its solutions.”
Mr. Dhingra will be accountable for primary accounting, tax and inner command capabilities, reporting to Ms. Property. He brings with him far more than 20 several years of experience in accounting and finance. Most just lately, he served as Main Accounting Officer at Anaplan, an organization software program organization where he was liable for accounting, tax, treasury, stock administration and procurement functions. Prior to Anaplan, Gagan worked in various management roles with elevated responsibilities at world organizations, such as Seagate, McKesson, and Ernst & Younger.
Mr. Hussain, also reporting to the CFO, will present strategic management to the Treasury, Hazard and Economic Services functions, He will be dependable for funds markets routines, banking associations, global money management, fiscal risk administration, world-wide insurance coverage, and economic products and services which include purchaser financial loans and leases. Also, he will concentration on doing the job cash administration and help guarantee steady enhancement of the balance sheet and funds stream with accountability for optimizing the company’s cash construction. Most just lately, he served as Vice President & Treasurer at Herc Holdings Inc. and in leadership roles at Hyundai Funds America and National Grid.
About Lucid Group
Lucid’s mission is to inspire the adoption of sustainable electrical power by producing innovative systems and the most charming luxurious electric powered motor vehicles centered around the human knowledge. The company’s first motor vehicle, Lucid Air, is a condition-of-the-art luxurious sedan with a California-motivated design and style that attributes magnificent whole-sizing inside space in a mid-size exterior footprint. Underpinned by race-proven battery know-how and proprietary powertrains designed totally in-home, Lucid Air was named the 2022 MotorTrend Car or truck of the Year®. The Lucid Air Desire Edition options an official EPA believed 520 miles of range or 1,111 horsepower. Client deliveries of Lucid Air, which is produced at Lucid’s new manufacturing facility in Casa Grande, Arizona, are underway.
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This conversation involves “forward-seeking statements” within just the meaning of the “harmless harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Ahead-looking statements may be recognized by the use of text this kind of as “estimate,” “strategy,” “venture,” “forecast,” “intend,” “will,” “count on,” “anticipate,” “believe,” “search for,” “concentrate on,” “continue,” “could,” “may,” “may possibly,” “doable,” “prospective,” “forecast” or other related expressions that predict or indicate future events or trends or that are not statements of historic details. These ahead-searching statements include things like, but are not minimal to, statements concerning the Firm’s anticipations related to the generation and deliveries of the Lucid Air and Lucid Gravity, the performance, array, and other attributes of the Lucid Air, development and enlargement of the Company’s AMP-1 producing facility, the promise of the Firm’s know-how, and the Company’s capacity to produce, retain, and strengthen important processes and infrastructure. These statements are dependent on several assumptions, and precise functions and instances may well differ. Ahead-hunting statements are topic to a selection of pitfalls and uncertainties, together with elements talked over in the Company’s Quarterly Report on Type 10-Q for the quarter ended September 30, 2021 under the heading “Chance Elements,” as nicely as other paperwork of the Organization that are filed, or will be filed, with the Securities and Exchange Commission. If any of these risks materialize or the Company’s assumptions confirm incorrect, actual outcomes could differ materially from the final results implied by these ahead-looking statements. There may be added hazards that the Business does not presently know or that the Business at this time thinks are immaterial that could also bring about genuine success to vary from all those contained in the ahead-looking statements. In addition, forward-looking statements reflect the Company’s expectations, options or forecasts of future situations and views as of the date of this conversation. Nevertheless, though the Corporation may perhaps elect to update these forward-looking statements at some stage in the long term, the Company precisely disclaims any obligation to do so. These ahead-wanting statements need to not be relied upon as symbolizing the Firm’s assessments as of any day subsequent to the day of this communication.
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Source Lucid Group