: : Rivian’s chief lobbyist to depart; stock is up nearly 11% #FinanceUSA #StockMarketNEWS Rivian Automotive Inc. RIVN said Monday that Jim Chen, vice president of public policy, is planning to leave

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: Rivian’s chief lobbyist to depart; stock is up nearly 11% #FinanceUSA #StockMarketNEWS
Rivian Automotive Inc. RIVN said Monday that Jim Chen, vice president of public policy, is planning to leave the EV maker, the latest executive departure at the company. A Rivian spokesperson told MarketWatch it was a “mutual agreement between Jim and Rivian,� and that Chen wanted to spend more time with family and that he would stay on for a number of weeks to ensure a smooth transition. Rivian stock rallied more than 11% on Monday. The stock has lost 72% in the last 12 months, compared with losses of around 9% for the S&P 500 index SPX, and as Rivian missed production targets earlier in the year. The shares are on track for their highest close since Dec. 20, when they closed at .43, and on pace for their largest one-day percentage increase since Nov. 30.

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