Rivian CFO Claire McDonough Steps Down, Shares Slip After Hours
Rivian Automotive Inc.'s stock fell after hours following the announcement that Chief Financial Officer Claire McDonough is stepping down from her role. Having joined in January 2021 and led Rivian through its $13.7 billion IPO, McDonough will remain as CFO for two months to ensure a smooth transition before departing. The company plans to appoint Derek Mulvey, VP of Finance, as interim CFO while it conducts an executive search process involving both internal and external candidates. Meanwhile, McDonough is set to become CFO at GE Vernova in early 2027 after joining the energy firm later this year. Institutional investors added over 70 million shares during Q2 2026 despite recent share price declines.
Topics: CFO departure Rivian stock movement