Rivian Appoints New CFO, Claire McDonough
Ticker: RIVN · Form: 8-K · Filed: Jul 26, 2024 · CIK: 1874178
| Field | Detail |
|---|---|
| Company | Rivian Automotive, Inc. / De (RIVN) |
| Form Type | 8-K |
| Filed Date | Jul 26, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, leadership-change
TL;DR
Rivian names Claire McDonough as new CFO starting Aug 5th, $450k base salary + stock.
AI Summary
Rivian Automotive, Inc. announced on July 24, 2024, the appointment of Claire McDonough as Chief Financial Officer, effective August 5, 2024. McDonough previously served as CFO at Samsonite International S.A. and will receive an annual base salary of $450,000, along with stock awards and other compensation.
Why It Matters
The appointment of a new CFO is a significant leadership change that could signal shifts in financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $450,000 — CFO Base Salary (Annual compensation for Claire McDonough)
Key Players & Entities
- Rivian Automotive, Inc. (company) — Registrant
- Claire McDonough (person) — Appointed Chief Financial Officer
- August 5, 2024 (date) — Effective date of CFO appointment
- Samsonite International S.A. (company) — Previous employer of new CFO
- $450,000 (dollar_amount) — Annual base salary for new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of Rivian?
Claire McDonough has been appointed as the new Chief Financial Officer of Rivian.
When will Claire McDonough's appointment as CFO be effective?
Claire McDonough's appointment as CFO will be effective on August 5, 2024.
What was Claire McDonough's previous role?
Claire McDonough previously served as the Chief Financial Officer of Samsonite International S.A.
What is the annual base salary for the new CFO?
The annual base salary for the new CFO, Claire McDonough, is $450,000.
What other compensation will the new CFO receive?
In addition to her base salary, Claire McDonough will receive stock awards and other compensation as per the company's standard practices for executive officers.
Filing Stats: 501 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-07-26 09:00:28
Key Financial Figures
- $0.001 — hich registered Class A common stock, $0.001 par value per share RIVN The Nasdaq St
Filing Documents
- rivn-20240724.htm (8-K) — 27KB
- 0001874178-24-000051.txt ( ) — 147KB
- rivn-20240724.xsd (EX-101.SCH) — 2KB
- rivn-20240724_lab.xml (EX-101.LAB) — 21KB
- rivn-20240724_pre.xml (EX-101.PRE) — 12KB
- rivn-20240724_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RIVIAN AUTOMOTIVE, INC. Date: July 26, 2024 By: /s/ Claire McDonough Name: Claire McDonough Title: Chief Financial Officer