EVwire brief: Claire McDonough will step down as Rivian’s Chief Financial Officer (CFO) on October 30, 2026, to join GE Vernova, the energy technology company spun off from General Electric. She will join GE Vernova in November 2026 and fully transition into the CFO role on January 1, 2027.
Derek Mulvey, Rivian's Vice President of Finance, will serve as interim CFO while the company conducts a search for a permanent successor. Mulvey joined Rivian in 2021 and previously worked at J.P. Morgan.
"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."
Here is McDonough's announcement on LinkedIn:
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Context:
McDonough joined Rivian in January 2021 and led the company through its $13.7 billion initial public offering that November, one of the largest IPOs of 2021. During her tenure, Rivian launched the R1T pickup, the R1S SUV, and its commercial delivery van, while positioning the company for global scale with the R2 platform.
Before Rivian, McDonough spent about six and a half years at J.P. Morgan, rising to Managing Director and Co-head of Disruptive Commerce. She also serves on the boards of AutoZone and the Rivian and Volkswagen Group Technologies joint venture.
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GE Vernova, led by CEO Scott Strazik, is a global energy company focused on power generation, wind energy, and electrification. McDonough said she is "thrilled to transition into the CFO role at GE Vernova and return to the East Coast."
Rivian CEO RJ Scaringe confirmed the transition:
“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.”
Source: Claire McDonough on LinkedIn, Rivian 8-K filing, GE Vernova press release
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