Rivian CFO Claire McDonough Exits to Join GE Vernova Amid R2 SUV Launch
Claire McDonough, Chief Financial Officer of Rivian Automotive (NASDAQ:RIVN), is leaving the company at the end of October to become CFO of GE Vernova Inc. (NYSE:GEV) in early 2027. Her departure comes as Rivian scales production of its more affordable R2 SUV and faces a challenging U.S. electric vehicle market. McDonough, who joined Rivian in January 2021, led the company through its $13.7 billion IPO and helped structure key partnerships like the Volkswagen joint venture. Rivian has appointed Derek Mulvey as interim CFO while it searches for a permanent replacement. The timing of her exit raises concerns about leadership continuity during a critical growth phase for Rivian. Meanwhile, GE Vernova is entering this transition with strong financial performance, including an 88% increase in second-quarter orders and $176 billion in backlog.
Topics: CFO departure Leadership transition Rivian R2 production