Top Rivian executives depart as EV maker misses production targets, report says
Several top executives at Rivian Automotive Inc., including the vice president overseeing body engineering and its supply-chain chief, have departed in recent months, The Wall Street Journal reported Tuesday.
The departures, confirmed by a Rivian spokeswoman, come to light on the heels of reports that Rivian missed a critical production target of completing 25,000 vehicles. The company, which manufactures its EVs in Normal, Ill., said it fell short of the goal by about 700 vehicles.
Rivian’s stock has also sunk since its initial public offering in November 2021, down roughly 79 percent through Monday’s close.
The executives who have left, the Journal reported, were some of Rivian’s longer-tenured employees. Among them is Randy Frank, vice president of body and interior engineering, and Steve Gawronski, vice president in charge of parts purchasing. Both were gone around the beginning of this year.
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