GE Vernova Appoints Claire McDonough as CFO; Ken Parks to Retire in 2027

MT newswire2026/08/27 21:33

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05:33 PM EDT, 08/27/2026 (MT Newswires) -- GE Vernova (GEV) appointed Claire McDonough as chief financial officer, succeeding Ken Parks, who is retiring, the company said Thursday. McDonough will join the company in November before moving to the CFO position on Jan. 1. She currently serves as CFO of Rivian Automotive (RIVN). Parks will continue as CFO through 2026, including Q3 and Q4 earnings calls and the release of the 2026 10-K. He will become a strategic adviser Q1 2027 and plans to retire in April. In a separate statement, Rivian said McDonough will step down effective Oct. 30.

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According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.

华尔街见闻•2026/09/26 11:36