Rivian Hires Georgia Plant Manager; Continues Progress On Georgia Operations
Portfolio Pulse from Benzinga Newsdesk
Rivian Automotive, Inc. (NASDAQ:RIVN) has hired Arnhelm Mittelbach as its first Georgia Plant Manager. Mittelbach, who has over 20 years of experience at Mercedes-Benz, will be responsible for Rivian's second manufacturing facility focused on the next generation of Rivian vehicles. He started his role on November 1, reporting directly to Chief Operations Officer Frank Klein.
November 02, 2023 | 9:36 pm
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Rivian's hiring of Arnhelm Mittelbach, a seasoned automotive leader, as its Georgia Plant Manager could potentially boost the company's manufacturing capabilities and efficiency. This could have a positive impact on Rivian's stock in the short term.
Mittelbach's extensive experience in the automotive industry, particularly in ramping up new factories and launching new products, could be beneficial for Rivian as it continues to expand its manufacturing operations. This could lead to increased efficiency and production capacity, which could positively impact Rivian's financial performance and, consequently, its stock price.
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