Rivian Automotive Inc. announced that Chief Financial Officer Claire McDonough is departing after nearly six years with the company, effective after a two-month transition period. McDonough, who joined in January 2021 and oversaw Rivian's $13.7 billion IPO, will be succeeded on an interim basis by Derek Mulvey, the company's Vice President of Finance, while a search for a permanent CFO is underway. Rivian shares slipped 1.07% in after-hours trading to $16.62 following the announcement. McDonough is set to join GE Vernova Inc. as CFO in November, transitioning fully into the role by January 1, 2027. In other shareholder news, institutional investors added over 70 million shares in Q2 2026, with 417 holders increasing their stakes by a combined 106,424,812 shares, while 318 investors cut positions by 31,005,657 shares.
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Rivian Automotive IncCFO departure after transition period, shares slipped 1.07%
GE Vernova LLCClaire McDonough to join as CFO in November, bringing IPO and finance expertise
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