Electric vehicle maker Rivian Automotive Inc.in Irvine said Charly Mwangi, who has been overseeing the company’s manufacturing process, will leave the company as it seeks to get on a solid growth path.
Mwangi, a former Tesla Inc executive, has served as executive vice president for two years. He brought the R1T pickup truck and R1S SUV to production in late 2021.
His departure comes amid the June 1 arrival of former Magna International executive Frank Klein, who is due to take over as chief operations chief. He will oversee production, supply chain and manufacturing engineering.
Shares in Rivian closed up 5.9% at $30.96 apiece for a market cap of $27.3 billion after the departure was announced, and were flat in after-hours trading in New York.