GE Vernova (GEV) Names Rivian CFO Claire McDonough as Its Next Finance Chief
TLDR
- Rivian CFO Claire McDonough is leaving the company and will join GE Vernova as CFO in early 2027
- McDonough will step down from Rivian at the end of October; VP of Finance Derek Mulvey will serve as interim CFO
- She replaces retiring GE Vernova CFO Ken Parks, who joined ahead of the companyโs 2024 spin-off from General Electric
- Rivian stock fell more than 1% in after-hours trading following the announcement
- GE Vernova opened at $912.32 on Monday, trading below both its 50-day ($1,031.82) and 200-day ($975.58) moving averages
Rivian CFO Claire McDonough is leaving the electric vehicle maker to take on the CFO role at GE Vernova in early 2027. The announcement came on Thursday and sent Rivian stock down more than 1% in after-hours trading.
McDonough joined Rivian in early 2021 and guided the company through its IPO. Before Rivian, she worked as a banker at JPMorgan and Credit Suisse.
She played a key role in launching the R1T pickup and R1S SUV. She also led cost-cutting and fundraising efforts as the company worked to build a new factory and develop self-driving technology.
โฆ Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
