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Lucid’s CEO Promised a $1.4 Billion Turnaround, Then This Happened
24/7 Wall St.22d agoneutral
Lucid’s CEO Promised a $1.4 Billion Turnaround, Then This Happened

Lucid Group (NASDAQ:LCID) stock trades at $4.81 midday, while the average analyst price target sits at $8.11. That gap implies upside of more than 70%. Lucid designs and builds luxury electric vehicles from Newark, California. CEO Silvio Napoli filed an operational reset on August 4 promising $1.4 billion in cash flow improvements this year. Napoli […]

General Electric (GE) Names Claire McDonough As GE Vernova CFO
Simply Wall St.26d agoneutral
General Electric (GE) Names Claire McDonough As GE Vernova CFO

General Electric (NYSE:GE) energy unit GE Vernova appoints Rivian CFO Claire McDonough as its new Chief Financial Officer. McDonough is set to leave electric vehicle maker Rivian to take up the CFO role at GE Vernova. The move marks a key leadership change for GE's recently separated energy focused business. Executive moves like this often reflect how large industrial groups are thinking about growth, capital allocation and technology. It can be useful to compare GE Vernova's direction with...

Why Rivian (RIVN) Shares Are Sliding Today
StockStory27d agoneutral
Why Rivian (RIVN) Shares Are Sliding Today

Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 6.3% in the afternoon session after the company announced that Chief Financial Officer Claire McDonough decided to step down.

GE Vernova swipes Rivian CFO
CFO Dive27d agoneutral
GE Vernova swipes Rivian CFO

Rivian’s Claire McDonough will receive a $5 million cash sign-on payment as she steps into GE Vernova’s CFO seat, succeeding Kenneth Parks.

Rivian CFO is stepping down
Wards Auto27d agoneutral
Rivian CFO is stepping down

Claire McDonough will leave the role on Oct. 30 after spending six years at the fledgling electric vehicle maker, which has never turned a net profit.

Rivian Stock Slips After Hours as CFO Claire McDonough Steps Down After Nearly 6 Years
Benzinga27d agoneutral
Rivian Stock Slips After Hours as CFO Claire McDonough Steps Down After Nearly 6 Years

Rivian Automotive Inc. (NASDAQ:RIVN) Chief Financial Officer Claire McDonough has departed from her role at the EV giant, having joined the company in January 2021, according to an official statement by Rivian on Thursday. The company’s shares slipped 1.07% during after-hours trading. VP of Finance To Be Named Interim CFO Rivian, in the statement, said that McDonough will “remain in her role as CFO over the next two months to ensure a seamless and thorough transition.” The automaker is “expected

Rivian's finance chief steps down amid affordable EV rollout
Reuters28d agoneutral
Rivian's finance chief steps down amid affordable EV rollout

SAN FRANCISCO, Aug 27 () - Rivian's Chief Financial Officer Claire McDonough has decided to leave ‌the company, the electric vehicle maker said ‌on Thursday, just as the company ramps up rollout of its ​smaller and more affordable SUVs amid fragile EV demand in the U. McDonough, a former banker with JPMorgan and Credit Suisse, joined Irvine, California-based Rivian early in ‌2021 and took ⁠the company through its initial public offering.