Rivian disclosed in the regulatory document submitted on Thursday that the Chief Financial Officer, Claire McDonald, would leave office at the end of October. The company indicated that she would seek new career opportunities and move to the east coast of the United States to get closer to her family.
The vice president will take his place.
The bulletin indicated that following the departure of McDonough, the Vice-President of Finance, Rivian Derek Mulvey, would serve as interim Chief Finance Officer. According to the company, the departure was not due to disagreement with the company and the recruitment of a successor has now been initiated.
R2 Volume Production Progress remains the focus
The senior management change took place as Rivian advanced key projects. The company is expanding the production and sales of R2 SUVs. The model was delivered to clients this summer.
Market interest in management continuity
During the build-up and delivery climbs, the turnover of finance managers is usually of interest to investors. At this stage, Rivian has not disclosed the official successors or indicated the specific time frame for the selection to be completed.
Additional information:TechCrunch reported that the matter was still under development and that subsequent disclosures might continue to be updated.