Rivian’s CFO Claire McDonough is leaving for new opportunity

What happened

• Rivian’s chief financial officer (CFO), Claire McDonough, is resigning from the company at the end of October.
• She is leaving to pursue a new opportunity and relocate to the East Coast to be closer to her family.
• Rivian has appointed Derek Mulvey as interim CFO until a replacement is found.

Why it matters for me

McDonough was instrumental in Rivian’s journey, especially during a critical time when the company faced delays and supply chain issues while scaling up production of its R1T truck and R1S SUV. She played a key role in securing major partnerships, including a deal with Volkswagen Group, which helped position Rivian for global scale.

What to remember

• McDonough was hired in January 2021, replacing Ryan Green.
• She previously led corporate development and worked closely with the CEO and engineering teams to ensure vehicles were competitive without losing money on sales.
• Rivian successfully launched the R2 SUV, which started shipping to customers this summer.

Source: Original article

Source: techcrunch.com