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-0.00195503421309869 -0.000977517106549344 -0.00586510263929624 0.000586510263929641 0.00391006842619755 -0.0156402737047898 -0.0129521016617791 -0.0249266862170089
Stock impact report

Rivian Hires Javier Varela as Chief Operations Officer [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Officer as the company focuses on optimizing operational efficiencies, including the production of R2, its midsized SUV. Varela joins Rivian from Volvo Cars, where he served as Chief Operating Officer and Deputy Chief Executive Officer. Varela will start at Rivian in August and will report directly to Rivian Founder and Chief Executive Officer RJ Scaringe. Varela succeeds Frank Klein, who has served as Rivian's COO since June 2022. Klein is stepping down after leading the buildout of Rivian's operations, as well as scaling vehicle production of the EDV and R1 programs. Varela has spent the last eight years at Volvo Cars, where he led the engineering, program management, manufacturing, supply chain and procurement organizations. He oversaw the company's three main regions, including 14 industrial sites, engineering sites and tech hubs worldwide. He began his career at PSA Group (now Stellantis) in 1990. At Rivian, Varela will be central to the company's growth and profitability. Show less Read more
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