Rivian’s CFO is leaving the company
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Rivian’s chief financial officer Claire McDonough is resigning her position at the end of October, the company announced in a regulatory filing Thursday. The company said McDonough is stepping down to “pursue a new opportunity and relocate to the East Coast to be closer to her family.” McDonough has been hired as CFO at Massachusetts-based GE Vernova, according to the energy equipment manufacturer and her own post on LinkedIn. Rivian said her resignation is “not the result of any disagreement.” The company is already searching for a replacement, and vice president of finance Derek Mulvey will serve as interim CFO once McDonough leaves her post. Her departure comes as Rivian takes on some of its biggest projects to date, including scaling up production and sales of its R2 SUV, which started shipping to customers this summer. McDonough was hired to the CFO spot in January 2021, replacing Ryan Green, at a critical and tumultuous time for Rivian. The EV maker, which was still a private company, had raised billions of dollars in its bid to bring three compelling electric vehicles — its flagship R1T truck and R1S SUV and a commercial delivery van — to market. Rivian was plagued with delays and added costs, which was compounded by supply chain constraints. It was also burning through capital. The startup community will gather to answer a pivotal question: How do you build sustainably in the AI era? Fitbit founders launch Luffu Link, an LTE health and safety band Two years after launch, Walmart’s Flipkart is closing in on India’s quick-commerce leaders Inherent, founded by DeepMind alumni, says its AI ‘teammate’ just outperformed Anthropic and OpenAI at replicating research Michael Polansky is training an AI model on skin that’s still alive How AI accounting startup Rillet raised $100M and became a unicorn in 48 hours Tesla’s solar roof is dead — here’s what went wrong Oura faces lawsuit accusing it of misleading consumers about sleep-tracking accuracy
From the source
Claire McDonough is stepping down on October 30 to pursue a new opportunity, the company said in a filing on Thursday.
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