EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. Amazon worked closely with Rivian to design the delivery vans being assembled at the Rivian plant in Normal. The company has numerous challenges ahead as it attempts to grow its business. Rivian. Watch as Rivian founder and CEO RJ Scaringe walks you through each shop to explain how we're making progress in producing electric vehicles at scale. Sign up for free newsletters and get more CNBC delivered to your inbox. Rivian Automotive, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. ( TSLA ). Alexandra Ford English, a rising executive at Ford Motor Co. and great-great granddaughter of founder Henry Ford, has joined the board of directors at electric-truck maker Rivian Automotive Inc . home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. Rivian VP of Manufacturing Tim Fallon recently shared this look back at 2022, and a view ahead at 2023. The following description of the capital stock of Rivian Automotive, Inc. (the "Company," "we," "us," and "our") and certain provisions of our amended and restated certificate of incorporation, as amended from time to time (the "amended and restated certificate of incorporation") and amended and restated bylaws, as amended from time to time (the "amended and restated . Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. Contact Information Website www.rivian.com Formerly Known As Mainstream Motors, Avera Motors Ownership Status Publicly Held Financing Status Formerly VC-backed Primary Industry Automotive Stock Exchange NAS Primary Office 14600 Myford Road Where can I find more information on Rivians products. Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Another investor is Cox Enterprises which is also collaborating with Rivian on digital retailing, service and logistics. Our Standards: The Thomson Reuters Trust Principles. Please wait while we load the requested 10-K report or click the link below: https://last10k.com/sec-filings/report/1874178/000187417823000009/rivn-20221231.htm. read more. 2 U.S. automaker's representative on Rivian's board. Rivian Automotive, Inc. Elects Harald Kroeger to Serve as Class II Director 08/11/2022 | 05:26pm EST On August 8, 2022, the Board of Directors of Rivian Automotive, Inc. expanded the size of the Board and elected Harald Kroeger to serve as a Class II director of the Company, effective immediately. You can view Rivians products by visitingrivian.com. Board of Directors Audit Committee Nominating & Governance Compensation Planet & Policy. Images, video and audio from this Web site are provided without login for the purpose of editorial use only. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. May 01, 2020 10:10 AM. It also offers a portfolio of vehicle accessories, including all-weather floormats, camp kitchen, three-person rooftop tent, at-home Rivian wall charger, and others. RIVN. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. I am looking forward to working closely with her and the perspective that she will bring to the Board, said RJ Scaringe, Rivian founder and CEO. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. Who are the members of Rivians Board of Directors? However, just a few days ago, Ford executives scuttled a joint effort between Rivian and Lincoln to produce an EV for the companys luxury division due to the impact of the coronavirus. Shares can be purchased through a stockbroker of your choice. Ford has invested more than $820 million in Rivian over two fundraising rounds. It sells vehicles directly to customers in the consumer and commercial markets. Ford is also supplying some components, engineering and tooling to Rivian. You can view our recent press releases by visitingour Newsroom. Anthony is the CEO of SoFi and serves on its board of directors. The following information was filed by Rivian Automotive, Inc. (RIVN) on Tuesday, February 28, 2023 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. 2 U.S. automaker's representative on Rivian's board. Ford Motor, which has repeatedly touted its strategic relationship with electric vehicle maker Rivian, no longer has a representative on the startup's board of directors ahead of its going public. So what Last Friday, Wells Fargo analyst Colin Langan issued a note on Rivian, maintaining his neutral rating on shares, but lowering his price target from $32 to $18 -- flat relative to. May 1, 2020. More information is available atrivian.com. In addition to these investments, Ford plans to develop a new vehicle using Rivians flexible skateboard platform. Rivian has never declared or paid any cash dividends on our capital stock, and does not anticipate declaring or paying any dividends in the foreseeable future. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. But within a couple years, that plan was shelved. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. 1mo. The Company is engaged in designing, developing, and manufacturing EVs and accessories. In May, Ford chief product platform and operations officer Hau Thai-Tang called Rivian a strategic partner and said Ford was still looking at using Rivian's products. That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. All quotes delayed a minimum of 15 minutes. She is currently the director of corporate strategy at Ford and Executive Chairman Bill Ford Jr.s daughter. While an announcement was never made, Ford executive Alexandra Ford English left the Rivian board in May according to documents Rivian made public on Oct. 1 ahead of its planned initial. . Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. Given the recent announcement of Mr. Kroeger's new roles with another company effective January 1, 2023, the Board concluded that there were now potential conflicts of interest for Mr. Kroeger. Before joining Ford, she was responsible for managing profit-and-loss operations for customer-centric businesses in the merchandising divisions of Tory Burch in New York and Gap Inc. in San Francisco, the automaker noted. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . It is now a publicly traded company, but it had big name backers to get it to where it is today, notably Ford and Amazon, both of which had a vested interest. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We promise not to spam you. If you typed the URL into your browser, check that you entered it correctly. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Rivian Jan 2021 - Present 2 years 2 months. The relationship between Ford Motor Co. and startup electric vehicle maker Rivian just got a little tighter as Alexandra Ford English was announced as the newest member of Rivians board of directors. RJ Scaringe; Pamela Thomas-Graham; Karen Boone; Sanford Schwartz; English is director of Corporate Strategy for Ford Motor Company, responsible for the companys enterprise strategy and connectivity and digital network strategy. Rivian Announces $350 Million Investment from Cox Automotive - Cox Automotive Inc. Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. Ford Motor Company is a global company based in Dearborn, Michigan. You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. If you reached this page via our site or search, please let us know by emailing, The Tax Play That Saves Some Couples Big Bucks, How Gas From Texas Becomes Cooking Fuel in France, Watch: Fire Rips Through Jakarta Fuel Depot, More Severe Weather Expected After Tornadoes Hit South, Chicago Mayor Lori Lightfoot Loses Re-Election Bid. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. Amazon owns about 20 percent of Rivian. Michael Martinez. High Resolution Photos In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. I am looking forward to working closely with her and the perspective that she will bring to the Board, said RJ Scaringe, Rivian founder and CEO. Photo: Ford. Rivian may also be known as or be related to Rivian, Rivian Automotive, Rivian Automotive, Inc. and Rivian Automotive, LLC. DEARBORN, Mich., May 1, 2020 - Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivian's board of directors effective immediately. Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. Rivian has 48 current employee profiles, including Chief Executive Officer Robert J. Scaringe. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . DEARBORN, Mich., May 1, 2020 Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivians board of directors effective immediately. It's a strategic investment. Ford's vested interest included initial plans to have Rivian make an electric SUV for the Lincoln brand. RIVIAN AUTOMOTIVE, INC. : Shareholders Board Members Managers and Company Profile | US76954A1034 | MarketScreener Log in Sign up Markets News Analysis Our Shows Stock Picks Portfolios Watchlists Rankings Screeners Tools Our Services The vehicle with Rivian is in addition to Fords plan to develop a portfolio of battery electric vehicles as part of Fords previously announced $11 billion of EV investments. In . Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. REUTERS/Mike Blake. You can obtain Rivians investor relations material in the Investors section of our website. See here for a complete list of exchanges and delays. Ford soared as much as 12% on Thursday, extending its three-day surge to more than 23%. BEN KLAYMAN. He launched the SLR into production in 2003 in partnership with Mercedes-Benz and turned McLaren Automotive into a profitable company after developing and launching further SLR models including the SLR Roadster and SLR Stirling Moss. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. You can view our executive officers by visiting the Governance section of our Investor Relations website or visit theOur Company pageto learn about our entire leadership team. 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Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. Sponsored. United States | English While an announcement was never made, Ford executive Alexandra Ford English left the Rivian board in May according to documents Rivian made public on Oct. 1 ahead of its planned initial public offering. The chief executive of Saudi Arabian state oil company Aramco will not attend an energy conference organized by S&P Global next week, the event's updated schedule showed. Driving Cadillacs in Our Dreams: What Do the Rich Drive? 459,846 followers. Ford, which holds a stake greater than 5% in Rivian according to a filing with the U.S. Securities and Exchange Commission, had a seat on the Rivian board when it was a private company, but that would not continue as Rivian went public, Thibodeau said. Rivian stands by 2023 production target despite media report, Volkswagen's Scout to build $2 bln plant in South Carolina, VinFast delivers first 45 cars in US market, EV maker Polestar's Q4 loss narrows, won't engage in price wars, Alphabet's Waymo cuts more than 100 jobs in second round of layoffs, EV startups from Lucid to Rivian see demand fade, supply chain issues linger, Rivian shares fall as supply chain snarls hamper production forecast, Fisker pacifies investors with higher orders; keeps 2023 production target, Exclusive news, data and analytics for financial market professionals. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. DETROIT, Oct 12 (Reuters) - Ford Motor Co (F.N), which has repeatedly touted its strategic relationship with electric vehicle maker Rivian, no longer has a representative on the startup's board of directors ahead of its going public. Ford Motor Company announced earlier this month that Alexandra Ford English the daughter of executive . (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). Rivianwill launch its products in the US in 2021, with introduction to international markets following. DEARBORN, Mich., May 1, 2020 - Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivian's board of directors effective immediately. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The data presented on this page does not represent the view of Rivian and its employees or that of Zippia. TheDetroitBureau doesnt stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. Enter your email below and we'll send a link to help you access your account. Heres the original story.). Your email address will not be published. In the SEC filing Rivian said, "Following this offering, none of our stockholders will have any contractual rights to elect or designate members of our board of directors. It also offers FleetOS, a centralized fleet management subscription platform. Download size exceeds 350 MB. As head of the World Food Program, which was . R.J. Scaringe, Rivian's 35-year-old CEO, introduces his company's R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. exit from Rivian's board was in anticipation of that. Prior to Twitter, Anthony served for almost four years as co-head of global TMT investment . QUESTIONS AND ANSWERS ABOUT THE 2022 ANNUAL MEETING OF STOCKHOLDERS, Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm, INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FEES AND OTHER MATTERS, Board Leadership Structure and Role in Risk Oversight, Attendance by Members of the Board of Directors at Meetings, COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS, SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT, CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS. DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . Does Rivian pay dividends and have a dividend reinvestment program? Org Chart Rivian - The Official Board Board N-1 N-2 CEO & Chairman Robert Scaringe Move Lead Director Karen Boone Move Director Jay Flatley Move Director Peter Krawiec Move Director Rose Marcario Move Director Sanford Schwartz Move Director Pamela Thomas-Graham Move CFO Claire McDonough Move Facilities J. Download size exceeds 350 MB. On . She is an international leader, decorated diplomat, humanitarian and has led negotiations on trade, intellectual property, supply chains, technology, labor and the environment across the world. See here for a complete list of exchanges and delays. Get this delivered to your inbox, and more info about our products and services. She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . It's a strategic investment. Ford vice president Doug Power replaced English in June, and left the board in September. Required fields are marked *. Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivian's board of directors effective immediately. Board Member Meati Foods . But last March it halved that target to 25,000 amid. Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); TheDetroitBureau.coms Headlight News offers a look at the past weeks top automotive news stories, as well as whats coming up in the week ahead. Prior to joining the corporate strategy team, she was a member of the Ford Autonomous Vehicle LLC team and a member of the City Solutions team. All quotes delayed a minimum of 15 minutes. BUTTERFIELD & SON LIMITED, EVP-Engineering, Product Development & Programs, Chief Financial Officer, Senior VP & Controller, T. Rowe Price Associates, Inc. (Investment Management), Capital Research & Management Co. (Global Investors), Rivian plans to produce 62,000 vehicles this year - Bloomberg News. At the time English was added, Rivian Chief Executive R.J. Scaringe cited her passion for mobility and electrification, as well as her connection to the company's long family role in transportation. D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . Equity - Narrative (Details), Summary Of Significant Accounting Policies, Summary Of Significant Accounting Policies (Policies), Summary Of Significant Accounting Policies (Tables), Summary Of Significant Accounting Policies - Narrative (Details), Summary Of Significant Accounting Policies - Schedule Of Cash And Cash Equivalents (Details), Exhibit 4.3: Instruments Defining The Rights Of Security Holders, Including Indentures, Exhibit 21.1: Subsidaries Of The Registrant, Exhibit 23.1: Consents Of Experts And Counsel, Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification, Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification, https://last10k.com/sec-filings/rivn/0001874178-23-000009.htm. And Rivian went public on Nov. 10, 2021. Achieving this requires real innovation, collaboration and stewardship. With Alexandras experience in mobility and self-driving services, she will bring a unique perspective to Rivians board during this transformational time in our industry., (Lincoln and Rivian announced their SUV program in January. Let us know, wed love to hear your voice. You must contactmedia@ford.comto obtain approval for advertising, marketing or other commercial users. Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables wereremoved, added and changedby Rivian Automotive, Inc.. Rivian Automotive, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes: Rivian Automotive, Inc. provided additional information to their SEC Filing as exhibits, Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not, Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news, Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q, Remove data columns and navigations in order to see much more filing content and tables in one view, Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q, Export Annual and Quarterly Reports to Adobe Acrobat (PDF), Microsoft Word (DOCX), Excel (XLSX) and Comma-Delimited (CSV) files for offline viewing, annotations and analysis, Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity, See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years, Use our calculated cost dollar values to discover when and how much registered owners BUY, SELL or excercise their company stock OPTIONS aggregated from Form 4 Insider Transactions SEC Filings, View which hedge funds, pension / retirement funds, endowments, banks and insurance companies have increased or decreased their positions in a particular stock. Ford Family Member Named to Board of EV Startup Rivian. Description Rivian Automotive Inc. Cl A Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. Last year, the company invested $500 million in Rivian, saying it would develop a new vehicle with the EV maker. ATLANTA - March 1, 2023 - Today, Governor Brian P. Kemp and First Lady Marty Kemp, along with Rivian founder and CEO RJ Scaringe, joined Lt. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, mobility solutions, including self-driving services; and connected services. Rivian has been hogging headlines. A Division of NBCUniversal. Editor's note: This story has been updated to clarify that Ford .