Lucid Drops After CFO Sherry House Resigns; Dhingra Interim (1)

(Updates stock move in 1st sentence, adds analyst comments starting in third bullet)

Lucid Group is down 8.2% in Tuesday trading after the maker of luxury electric vehicles said late Monday that CFO Sherry House is resigning to pursue other opportunities and will be available as an adviser through Dec. 31.

• Gagan Dhingra, Lucid’s current VP of accounting and principal accounting officer, named interim CFO
  • Search for replacement underway
• “Dhingra’s decades of experience should carry the company forward at least through this transition period,” RBC analyst Tom Narayan writes in a Dec. 12 note
  • Narayan adds: “CEO Peter Rawlinson has always ...