Rivian finance chief Claire McDonough to depart in October as Derek Mulvey named interim CFO
Rivian has announced that chief financial officer Claire McDonough will leave the electric automaker at the end of October after six years, with Derek Mulvey stepping in as interim CFO.
- 6 years
- 65,000–70,000 units
- End of October
What Happened
The EV startup confirmed that McDonough is concluding her nearly six-year term to take the CFO position at GE Vernova. Derek Mulvey, the company's finance vice president, has been appointed interim financial chief while a search begins for her permanent successor.
“Together, we launched the R1T, R1S, and our commercial van, drove technology innovation and partnerships, built our go-to-market operations, and positioned the company for global scale and profitability with the launch of R2.”
During her tenure, the automaker executed its initial public offering, rolled out the R1T pickup, R1S, and commercial electric delivery vans, and completed a technology partnership with the Volkswagen Group.
The leadership change coincides with Rivian expanding production of its high-volume R2 model, aiming to achieve annual delivery volume between 65,000 and 70,000 units across its vehicle portfolio.
65,000–70,000vehicles
Projected annual sales volume supported by expanding R2 production
Why this matters
The executive departure occurs during a pivotal manufacturing phase as the electric vehicle maker scales customer deliveries of its mainstream R2 crossover. McDonough steered the startup through its public listing, initial vehicle rollouts, and a technology joint venture with Volkswagen Group.
Terms in This Story
- R2
- Rivian's mid-size electric crossover platform engineered for mass-market production scale and global distribution.
- Volkswagen Group
- The German automotive manufacturing conglomerate that established a strategic technology joint venture with Rivian.
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