US-based electric car manufacturer Lucid Motors, on Tuesday, named former chief engineer of Tesla Inc’s Model S, Peter Rawlinson as its new Chief Executive Officer, effective immediately.

Rawlinson has been a part of Lucid Motors since 2013 and managed the role of chief technology officer until now. He will be replacing Sam Weng, who is also the company’s co-founder. Additionally, the official statement from Lucid Motors also suggested that Rawlinson will retain his role as the CTO.

Peter Rawlinson- CEO & CTO of Lucid Motors

Post his appointment as the new CEO, Peter Rawlinson will retain his role as the CTO.

“It is an honour to be appointed CEO of Lucid at such an exciting time for the company and the industry. While the convergence of new technologies is reshaping the automobile, the full potential has yet to be realized, inhibiting the pace at which sustainable mobility and energy are adopted. Lucid has the product vision, the core in-house technology, and the depth of talent to realize this potential. Working collaboratively, our outstanding team will create landmark future products, commencing with Lucid Air in 2020,” said Rawlinson.

Lucid, which has more than $1 billion investment from Saudi Arabia’s Public Investment Fund, said that Weng retired following his 11-year tenure with the company. In the time, Weng has held several key leadership roles. Prior to Lucid, Weng held senior technical and commercial roles at Oracle, Redback Networks and Silicon Valley technology startups.

“It has been an unforgettable journey to be part of the company as it evolved from Atieva, the electric battery and powertrain supplier, to Lucid, the California automaker crafting the future of sustainable luxury mobility. I am proud of what the company has achieved, and I am confident that Peter is the right person to lead the company forward,” Weng said.

Based in Newark, California, Lucid Motors was founded in 2007 as Atieva by Weng and Bernard Tse, a former Tesla vice president and board member.