Lucid Group Announces Essential Management Appointments to Finance Group Alerts Readiness for Advancement in 2022
Additions of Gagan Dhingra, VP of Accounting and Principal Accounting Officer, and Mustally Hussain, Taking care of Director, Global Treasurer and Head of Fiscal Providers, fortify economical arm of Lucid as a quickly escalating public firm
NEWARK, Calif., Dec. 23, 2021 /PRNewswire/ — Lucid Team (NASDAQ: LCID), which is location new standards with its state-of-the-art luxury electrical autos (EVs), today announced the appointment of Gagan Dhingra as Vice President of Accounting and Principal Accounting Officer, and Mustally Hussain as Running Director, Worldwide Treasurer and Head of Economical Products and services. Alongside one another, they bring a long time of strategic management knowledge in creating accounting and financial capabilities at several multi-national corporations.
“I am thrilled to welcome Gagan and Mustally to Lucid as we embark on yet another 12 months of unparalleled progress for the organization,” reported Sherry House, CFO, Lucid Group. “With their leadership and deep abilities, we are going to be capable to even more create and sustain essential infrastructure within Lucid that will most effective serve our stakeholders versus the backdrop of the company’s world expansion and increasing demand for its goods.”
Mr. Dhingra will be liable for primary accounting, tax and internal command capabilities, reporting to Ms. Dwelling. He brings with him additional than 20 decades of expertise in accounting and finance. Most lately, he served as Chief Accounting Officer at Anaplan, an organization application corporation where by he was liable for accounting, tax, treasury, stock administration and procurement functions. Prior to Anaplan, Gagan labored in different leadership roles with greater tasks at world-wide organizations, including Seagate, McKesson, and Ernst & Youthful.
Mr. Hussain, also reporting to the CFO, will supply strategic management to the Treasury, Risk and Economical Providers capabilities, He will be accountable for funds marketplaces functions, banking relationships, world wide funds administration, fiscal hazard management, international coverage, and money companies which includes buyer loans and leases. On top of that, he will aim on performing funds administration and assistance ensure constant improvement of the equilibrium sheet and income movement with responsibility for optimizing the firm’s capital composition. Most a short while ago, he served as Vice President & Treasurer at Herc Holdings Inc. and in management roles at Hyundai Funds America and National Grid.
About Lucid Team
Lucid’s mission is to encourage the adoption of sustainable vitality by developing state-of-the-art systems and the most charming luxurious electrical cars centered all over the human experience. The firm’s initial auto, Lucid Air, is a condition-of-the-artwork luxurious sedan with a California-influenced design that attributes deluxe whole-dimensions interior house in a mid-sizing exterior footprint. Underpinned by race-demonstrated battery technologies and proprietary powertrains made fully in-home, Lucid Air was named the 2022 MotorTrend Car of the Year®. The Lucid Air Dream Edition options an official EPA believed 520 miles of selection or 1,111 horsepower. Shopper deliveries of Lucid Air, which is manufactured at Lucid’s new factory in Casa Grande, Arizona, are underway.
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