Rivian Automotive Inc. (Nasdaq: RIVN) has confirmed the recent departures of four high-level executives, according to the Wall Street Journal, which cited a company spokeswoman.
The former execs of the Irvine-based EV manufacturer include General Counsel Neil Sitron; Randy Frank, VP of body and interior engineering; Steve Gawronski, VP of parts purchasing; and Patrick Hunt, senior director in the strategy team. Frank and Gawronski left the company early this year while Sitron and Hunt departed late last year.
According to the Rivian spokeswoman, the staff changes were meant to ensure the company has the talent it needs to increase production. The company did not provide any comment on the individual circumstances of the departures.
The confirmation of the staff shake-up comes shortly after Rivian failed to meet its 2022 production target of 25,000 vehicles. The company missed its goal by about 700.
Following the WSJ report, shares in Rivian were little changed during after-hours trading, at $16.43 apiece.