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 has been hired as CFO at Massachusetts-based GE Vernova, according to the energy equipment manufacturer and her own post on LinkedIn. Rivian said her resignation is 'not the result of any disagreement.' The company is already searching for a replacement, and vice president of finance Derek Mulvey will serve as interim CFO once McDonough leaves her post. McDonough was hired to the CFO spot in January 2021, replacing Ryan Green, at a critical and tumultuous time for Rivian. The EV maker, which was still a private company, had raised billions of dollars in its bid to bring three compelling electric vehicles ' its flagship R1T truck and R1S SUV and a commercial delivery van ' to market. In her first year at Rivian, the company started production of its R1T truck and raised $12 billion in one of the biggest IPOs of the year. The company's stock,...
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