Rivian Automotive, Inc. announced that Chief Financial Officer Claire McDonough is stepping down. In a regulatory filing, the company said McDonough is stepping down to “pursue a new opportunity and relocate to the East Coast to be closer to her family.”
McDonough will continue in her role as CFO for the next two months to facilitate a smooth and comprehensive transition. During this time, she will collaborate closely with CEO RJ Scaringe and the executive team to transfer key strategic initiatives. Her last day at Rivian will be October 30, 2026.
In a press release, Rivian’s CEO RJ Scaringe said:
“Claire joined Rivian almost six years ago, and she’s had a meaningful impact on our business and our teams during a transformative period of growth. From guiding us through our IPO to building many of our financial operating frameworks, her strategic approach has helped strengthen our overall execution. Beyond her work on our capital roadmap, Claire has been a trusted leader and partner across the organization. While she will be missed, I’m thrilled that Derek is taking on the interim CFO role. Derek has worked incredibly closely with me, Claire and our leadership team for several years and will enable a seamless transition.”
Rivian’s Chief Financial Officer Claire McDonough said:
“Serving as Rivian’s CFO alongside RJ and this exceptional team has been the highlight of my career. I am tremendously proud of everything we have accomplished together—from building and scaling the business with the launch of R1 and our commercial van to establishing the financial and operational foundation that will propel the company through the ramp of R2 and beyond. As I step away for a new opportunity and to be closer to my family on the East Coast, I do so with absolute confidence in Rivian’s trajectory, mission, and leadership team.”
McDonough wrote in a LinkedIn post. “Being part of taking Rivian from an ambitious vision to a category-defining enterprise has been the highlight of my career.”
Rivian shares rose almost 3% on Friday after the announcement.
By CEO NA Editorial Staff
