With production of Rivian’s first saleable units less than six months away and the startup EV maker pivoting to becoming a revenue-generating enterprise, CEO RJ Scaringe has recruited an industry outsider as CFO, Claire McDonough, from J.P. Morgan.
Ryan Green, Rivian’s CFO since 2018, will stay with the company “in a leadership role,” Rivian said in a statement, without elaborating on what his duties will entail.
McDonough has more than a decade of experience in finance; Rivian’s CFO position will be her first in the auto industry.
She began at J.P. Morgan in 2014 as vice president of retail and consumer investment banking. In April 2019, she became managing director, co-head of the firm’s Disruptive Commerce Group, a joint venture between consumer retail and technology investment banking, Rivian said in a news release. Prior to J.P. Morgan, she held finance positions at the Fairway Market grocery chain and Credit Suisse, according to her LinkedIn profile.