Rivian Chief Financial Officer Steps Down Ahead of R2 Mass-Market Delivery Ramp

Rivian CFO Claire McDonough is leaving the EV maker as the company prepares for mass production of its affordable R2 crossover.

Electric vehicle manufacturer Rivian announced today that Chief Financial Officer Claire McDonough will step down from her post after leading the company's financial strategy through its initial public growth phase.

The executive transition comes at a pivotal moment as Rivian ramps up manufacturing facilities in Georgia for its mass-market R2 vehicle platform.

Rivian reaffirmed its full-year vehicle delivery guidance and highlighted its strong balance sheet bolstered by recent commercial fleet joint ventures.