Additions of Gagan Dhingra, VP of Accounting and Principal Accounting Officer, and Mustally Hussain, Handling Director, Global Treasurer and Head of Economical Services, bolster monetary arm of Lucid as a swiftly increasing public corporation
NEWARK, Calif., Dec. 23, 2021 /PRNewswire/ — Lucid Group (NASDAQ: LCID), which is setting new requirements with its innovative luxurious electric cars (EVs), currently announced the appointment of Gagan Dhingra as Vice President of Accounting and Principal Accounting Officer, and Mustally Hussain as Handling Director, World-wide Treasurer and Head of Fiscal Expert services. Alongside one another, they carry many years of strategic management practical experience in developing accounting and money capabilities at various multi-national companies.
“I am thrilled to welcome Gagan and Mustally to Lucid as we embark on another year of unparalleled advancement for the organization,” explained Sherry Household, CFO, Lucid Group. “With their management and deep expertise, we are going to be able to further produce and maintain important infrastructure inside Lucid that will greatest serve our stakeholders in opposition to the backdrop of the company’s world-wide growth and developing demand from customers for its solutions.”
Mr. Dhingra will be responsible for main accounting, tax and internal regulate features, reporting to Ms. House. He brings with him a lot more than 20 decades of expertise in accounting and finance. Most just lately, he served as Chief Accounting Officer at Anaplan, an business program firm wherever he was liable for accounting, tax, treasury, stock administration and procurement functions. Prior to Anaplan, Gagan worked in various management roles with improved responsibilities at world wide corporations, including Seagate, McKesson, and Ernst & Youthful.
Mr. Hussain, also reporting to the CFO, will deliver strategic leadership to the Treasury, Threat and Monetary Services functions, He will be liable for capital markets functions, banking associations, world hard cash management, financial danger administration, global insurance policies, and fiscal products and services such as customer financial loans and leases. Furthermore, he will concentrate on doing work money management and enable ensure continuous improvement of the stability sheet and money flow with responsibility for optimizing the firm’s money composition. Most just lately, he served as Vice President & Treasurer at Herc Holdings Inc. and in leadership roles at Hyundai Capital The united states and Nationwide Grid.
About Lucid Group
Lucid’s mission is to inspire the adoption of sustainable power by developing sophisticated systems and the most fascinating luxury electric powered automobiles centered about the human encounter. The company’s very first car or truck, Lucid Air, is a point out-of-the-artwork luxury sedan with a California-encouraged style that attributes deluxe comprehensive-dimension interior space in a mid-sizing exterior footprint. Underpinned by race-proven battery engineering and proprietary powertrains produced completely in-dwelling, Lucid Air was named the 2022 MotorTrend Car of the Year®. The Lucid Air Desire Version options an formal EPA approximated 520 miles of array or 1,111 horsepower. Purchaser deliveries of Lucid Air, which is created at Lucid’s new manufacturing facility in Casa Grande, Arizona, are underway.
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