International Finance: Rivian’s Stock Slide Deepens as Operating Chief Steps Down

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Rivian Automotive Inc.’s chief operating officer stepped down, extending a tumultuous stretch for the electric-vehicle maker. The shares fell in late trading.

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.The company said in a statement that he “began a phased retirement from Rivian several months ago, affording the team continuity as we moved toward production ramp.” His duties have been distributed across the leadership team, the company said Monday. The fast-growing truckmaker, which in November completed the year’s biggest initial public offering, has hit a rough stretch recently, saying in December that it would

 

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