Rivian’s CFO is leaving after six years

image via TNW | The heart of techThe Next Web

August 28, 2026, 7:14 AM

• •Claire McDonough is leaving Rivian at the end of October to become CFO of GE Vernova.
• •Derek Mulvey, Rivian’s vice president of finance, will become interim CFO during the search for a replacement.
• •The article says McDonough oversaw Rivian’s IPO, the launch of three vehicles, and the Volkswagen technology joint venture.
• •Volkswagen became Rivian’s largest shareholder in April with a 15.9% stake, overtaking Amazon.
• •Volkswagen has committed up to $5.8 billion to the joint venture, with a substantial portion still contingent on technical milestones.
• •Rivian is ramping its R2 vehicle and expects 65,000 to 70,000 deliveries this year.

Rivian chief financial officer Claire McDonough will leave at the end of October after nearly six years to become CFO at GE Vernova. During her tenure, Rivian went public, launched three vehicles, and signed a technology joint venture with Volkswagen Group. Volkswagen has committed up to $5.8 billion to the venture, but much of that funding still depends on Rivian meeting technical milestones. Derek Mulvey, Rivian’s vice president of finance, will serve as interim CFO as the company ramps production of its R2 vehicle and targets 65,000 to 70,000 deliveries this year.

Read original article