Automotive
Rivian CFO Claire McDonough to step down in October for GE Vernova
McDonough will be succeeded on an interim basis by VP of Finance Derek Mulvey as Rivian ramps up R2 SUV production.
The short version
- Rivian Chief Financial Officer Claire McDonough is leaving the company on October 30 to join GE Vernova as its CFO.
- Rivian's VP of Finance, Derek Mulvey, will step in as interim CFO while the company searches for a permanent replacement.
- The executive change occurs as Rivian works to scale production of its R2 SUV at its Normal, Illinois manufacturing facility.
Key facts
- Claire McDonough is stepping down as Rivian CFO effective October 30 after joining the company in January 2021.[Electrek]
- McDonough is leaving to become CFO at GE Vernova and is relocating to the East Coast.[Electrek]
- Rivian stated that McDonough's departure is not the result of any disagreement.[Electrek]
- VP of Finance Derek Mulvey will take over as interim CFO on October 30 while Rivian evaluates internal and external candidates for a permanent successor.[Electrek]
- McDonough will remain with Rivian for a two-month transition period.[Electrek]
- The leadership change coincides with Rivian scaling up production of its R2 SUV following the start of customer deliveries in June.[Electrek]
What remains uncertain
- The permanent successor for the Rivian CFO role remains unknown as the executive search is ongoing.[Electrek]