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Mike Bell, senior vice president of digital at Lucid Motors, has resigned from his position. The company said in a deposit The longtime Apple and Intel executive's resignation on Monday is “effective immediately, in order to pursue other opportunities.”
Lucid says Bell will play an advisory role until mid-August to help him “transition” his role at the company, and has agreed to pay him a severance and consulting fee of $125,000.
Bell joined Lucid in 2021 after about six months of consultation with the EV startup. Before that, Bell had a brief passage as Rivian's first chief technology officer. It has a long history in the world of mobile technology. He previously led Intel's mobile division, helped launch the Palm Pre, and spent nearly two decades at Apple where he helped launch the iPhone to the world. Lucid says Bell will be replaced on an interim basis by Derrick Carty, Lucid's vice president of platform software and an Apple veteran.
Lucid announced the news of Bell's departure alongside its first-quarter 2024 results, where the company lost $680 million. out of 1,967 deliveries of its luxury electric sedan.