Rivian CFO Claire McDonough Departs

Rivian finance chief Claire McDonough is stepping down to take the same role at GE Vernova. She will remain until October to assist with the transition as Rivian searches for her replacement.

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FILE PHOTO: A Rivian Automotive Inc facility is pictured in Costa Mesa, California, U.S.,November 1, 2023.

RIVIAN AUTOMOTIVE INC-A finance chief Claire McDonough is stepping down to join GE VERNOVA INC in the same role, the company said on Wednesday, August 27. Her departure comes as the electric vehicle maker ramps up production of lower-priced SUVs amid fragile demand in the United States. Shares of Rivian fell more than 1% in extended trading following the announcement.

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