Lucid Motors appoints former Waymo executive as CFO

FILE PHOTO: The Lucid Air speed test car is displayed at the 2017 New York International Auto Show in New York City, U.S. April 13, 2017. REUTERS/Andrew Kelly

(Reuters) - Luxury electric vehicle maker Lucid Motors said on Wednesday it has named Sherry House, a former executive from Alphabet Inc's self-driving unit Waymo, as its chief financial officer.

The announcement comes at a time Lucid is planning to go public by merging with a blank check company, a move that indicated a market capitalization of $56 billion.