Rivian Automotive, Inc. / DE (RIVN): CFO Derek Mulvey appointed interim

Events in this filing

Item 5.02 as filed

Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 27, 2026, the Board of Directors (the "Board") of the Company appointed Derek Mulvey, the Company’s current Vice President of Finance, as the Company’s Interim Chief Financial Officer, effective as of October 30, 2026 upon the departure of the Company’s current Chief Financial Officer, as previously disclosed in the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on August 27, 2026. Mr. Mulvey has also been designated by the Board as the Company's principal financial officer.
Derek Mulvey, age 36, has served as the Company’s Vice President of Finance since March 2025. Previously at the Company, he was Senior Director of Strategic Finance and Investor Relations from June 2023 to March 2025, Director of Strategic Finance and Investor Relations from May 2022 to June 2023, and Senior Manager of Strategic Finance and Investor Relations from June 2021 to May 2022. Before joining the Company, Mr. Mulvey was a Vice President at J.P. Morgan, a multinational investment bank and financial services company. Mr. Mulvey holds a B.S. in Business and Technology from Stevens Institute of Technology.
In connection with Mr. Mulvey’s appointment as Interim Chief Financial Officer his base salary was increased to $400,000 per year, and he will have a target annual incentive bonus opportunity equal to 40% of his annual base salary. In addition, on September 21, 2026, the Company granted Mr. Mulvey 125,392 restricted stock units, 50% of which vest on February 15, 2027 and 50% of which vest on August 15, 2027, subject to continued service. Mr. Mulvey has also entered into the Company ’s standard indemnification agreement for directors and executive officers.