Rivian’s Chief Financial Officer, Claire McDonough, has announced her resignation, effective at the end of October, according to a regulatory filing disclosed on Thursday. The company stated that McDonough is departing to “pursue a new opportunity and relocate to the East Coast to be closer to her family.” Her resignation is not attributed to any disagreement, and Vice President of Finance Derek Mulvey will assume the role of interim CFO upon her exit. Rivian is currently in the process of searching for a successor.
McDonough joined Rivian in January 2021, during a critical period for the electric vehicle manufacturer, which was still private and in the process of raising substantial capital to bring its flagship vehicles to market. Over her tenure, she played a pivotal role in the company’s financial restructuring, including leading a technology joint venture with Volkswagen Group, which secured up to $5.8 billion in investment from VW by 2027. McDonough also oversaw various aspects of Rivian’s operations, such as corporate and business development, vehicle maintenance, facilities, and the charging network. She highlighted her contributions to launching the R1T, R1S, and commercial van, driving technological innovation, and positioning the company for global scale and profitability with the introduction of the R2 SUV. Source