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May 27, 2021 11:00 AM, EDT

Rivian Hires Former Waymo CFO Gerard Dwyer

The Rivian R1T electric pickup truck.The Rivian R1T. (Rivian)

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Rivian Automotive Inc., the electric-vehicle startup backed by Amazon.com Inc., has hired a former finance chief from Alphabet Inc.’s self-driving arm Waymo.

Gerard Dwyer, who was Waymo’s chief financial officer, joined Rivian this week as vice president of business finance, according to a post on LinkedIn.

“I’m thrilled to become part of such a talented team as we prepare to launch ground breaking all-electric vehicles for both the consumer and commercial markets,” Dwyer wrote in his post. “Lot of work ahead but it’s going to be a blast!”

Gerard Dwyer.

Dwyer

Rivian is seen as a front-runner in a dense field of EV startups trying to take on incumbent Tesla Inc. The Irvine, Calif.-based company has raised more than $8 billion from investors including Amazon, Ford Motor Co., T Rowe Price and Fidelity. Earlier this year, Rivian hired Claire McDonough from JPMorgan Chase & Co. as chief financial officer. The automaker is eyeing an IPO later this year at a valuation of about $50 billion or more, Bloomberg has reported.

Rivian didn’t immediately respond to a request for comment outside regular business hours.

Dwyer is one of a wave of senior departures from Waymo this year. In April, CEO John Krafcik resigned for personal reasons and was replaced by co-CEOs Tekedra Mawakana and Dmitri Dolgov. Investor relations chief Sherry House left to join EV maker Lucid Motors Inc. as CFO.

RELATED: Waymo Eyes Raising Up to $4 Billion as Leaders' Exits Sow Doubts

Waymo, long viewed as the leader among autonomous-driving startups, is seeking to raise as much as $4 billion from outside investors and also considering an IPO, Bloomberg reported last week, citing people familiar with the plans.

Rivian is on track to start production and deliveries of a battery-electric pickup capable of doing more than 300 miles on a single charge in June, and has an order from Amazon for 100,000 electric delivery vans. The e-commerce giant has said it expects 10,000 of the vans to be on roads making deliveries by 2022.

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