Rivian CFO Claire McDonough to depart for GE Vernova

Rivian said on August 27 that Chief Financial Officer Claire McDonough will step down effective October 30 to become CFO of GE Vernova, relocating to the East Coast. VP of Finance Derek Mulvey, who has worked with McDonough on financial planning and capital allocation since joining in 2021, will serve as interim CFO while Rivian runs an internal and external search for a permanent replacement; shares fell roughly 6% after the announcement.