Rivian’s Charly Mwangi, its executive vice president of manufacturing engineering and a former Tesla executive, is leaving the company as part of a larger shakeup dividing parts of the business, according to Bloomberg. “The reorganization calls for splitting the business activity, which includes delivery vans made for Amazon, from the retail side of the business that produces the R1T plug-in van and the R1S sport utility vehicle,” Bloomberg reports. The company’s new COO, Frank Klein, will now oversee “numerous” senior manufacturing and supply chain employees. The Wall Street Journal also reported on the reshuffle.
The changes come as the company begins to ramp up production of its in-demand R1T and R1S electric vehicles. In its latest earnings call, the company said it delivered 1,227 vehicles to customers last quarter and produced about 5,000 vehicles. But the company also said it has more than 90,000 reservations for R1T and R1S vehicles, meaning it still has some way to go to catch up with demand. Rivian said in April that it plans to produce 25,000 vehicles in 2022, and the company has ambitious long-term goals: in November, CEO RJ Scaringe said that Rivian aims to manufacture at least 1 million vehicles a year by 2030.
Rivian went public last fall in one of the largest IPOs of all time, but the stock price has fallen nearly 70% since the IPO.