Rivian Automotive, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. ( TSLA ). It was founded in 2009 by engineer RJ Scaringe, initially as Mainstream Motors, then briefly as Avera Automotive, based in Scaringe's home state of Florida. Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. Rivian is following Tesla's model of direct sales instead of traditional dealerships. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . She was officially elected to Ford's board in May and her exit from Rivian's board was in anticipation of that, a spokesman said. 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. Copyright 2023 Surperformance. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Required fields are marked *. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Global asset firm T. Rowe Price is also a large investor and other financial companies that invested prior to the IPO include Fidelity Management and Research Company, D1 Capital Partners, Third Point, Dragoneer Investment Group, Franklin Templeton, Blackstone, and Coatue. 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 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. In addition to these investments, Ford plans to develop a new vehicle using Rivians flexible skateboard platform. The company was. RIVN. Amazon worked closely with Rivian to design the delivery vans being assembled at the Rivian plant in Normal. Content tailored to your personal preferences, Favorite content saved within your briefcase, Media advisories, newsletters, and email alerts and PR contact information. Select a location. Sign up for our newsletter and receive the latest automotive news in your inbox! And Rivian went public on Nov. 10, 2021. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. All Rights Reserved. Ford Family Member Named to Board of EV Startup Rivian. Rivian Jan 2021 - Present 2 years 2 months. Robert J. Scaringe Chief Executive Officer Jiten Behl Chief Strategy Officer Young Doo Director of Mechanical Design, Electric Power Conversion Group Mark Vinnels Executive Director - Enginnering & Programs All SEC filings can also be accessed directly from the SEC website atsec.gov. The company, renamed Rivian, started with a small crew and an original plan to build a mid-engine hybrid sports car. 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. Could we see a return of the F100, maybe the eF100, F100e. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . Your email address will not be published. The Company is engaged in designing, developing, and manufacturing EVs and accessories. 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 The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. Please select individual photos within album for download. How can I obtain Rivians investor relations materials? Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). Chief Executive Officer. It's a strategic investment. More information is available atrivian.com. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. Save my name, email, and website in this browser for the next time I comment. You must contactmedia@ford.comto obtain approval for advertising, marketing or other commercial users. Volkswagen's Scout to build $2 bln plant in South Carolina, Mexico can't match U.S. incentives for proposed Tesla battery plant, minister says, Reporting by Ben Klayman, additional reporting by Paul Lienert; Editing by David Gregorio, Kirsten Donovan, Ford looking at ways to boost gas-powered F-150 production, Rivian stands by 2023 production target despite media report, Saudi Aramco CEO will not attend Houston energy conference, As space junk threat grows, government and investors seek solutions, France's nuclear output hit by strike at EDF, EIA blames crude oil blending, under-reported output for high adjustments in US data, Nissan and Mexican workers agree to 9% raise at Morelos plant, union says, Exclusive news, data and analytics for financial market professionals. None of the information on this page has been provided or approved by Rivian. 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. It's not a transactional investment. Download size exceeds 350 MB. Sorry, your email address is not recognized. Chairman of the Board of Directors . But within a couple years, that plan was shelved. 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. 2 U.S. automaker's representative on Rivian's board. Another investor is Cox Enterprises which is also collaborating with Rivian on digital retailing, service and logistics. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. Rivianwill launch its products in the US in 2021, with introduction to international markets following. DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . Chairman of the Board and Chief Executive Officer. Based on Rivian SEC documents released to the public on October 1, Ford executive Alexandra Ford English left the EV startup's board of directors in May 2021, a year after being appointed. 2 U.S. automaker's representative on Rivian's board. 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. Got a confidential news tip? Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. BEN KLAYMAN. Driving Cadillacs in Our Dreams: What Do the Rich Drive? 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. Have some ideas for making The Detroit Bureau.com even better? D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . It has not yet generated revenue, as it continues to use its capital to bring its first vehicles to market in the former Mitsubishi plant it bought, expanded, and retooled in Normal, Illinois, in 2017. 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. High Resolution Photos 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. Rivian is based in Southern California with additional center of gravity offices in Northern California, Michigan, Arizona, Vancouver, the Netherlands and the United Kingdom. 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. Does Rivian pay dividends and have a dividend reinvestment program? You can view Rivians products by visitingrivian.com. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. 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. Skip To Main. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Rivian priced its initial public offering on November 9, 2021 and began trading on Nasdaq on November 10, 2021. 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. 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. . 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 . 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. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. Prior to Twitter, Anthony served for almost four years as co-head of global TMT investment . Amazon.comand Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. Rivian is based in Irvine, California, but retains the Engineering and Design Center in Plymouth, Michigan, which at one point also served as headquarters until the decision was made to relocate the HQ to Irvine. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. The luxury SUV would have used Rivian's skateboard EV chassis with a "top hat" designed by Lincoln. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Ford also had a representative on the Rivian board of directors but that ended prior to the company going public. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. But in April 2020, Ford announced that it had changed plans and would build its own Lincoln EV, using its new electric vehicle platform, and assembled at a Ford plant. The stock opened at $106.75, above the initial public offering price of $78 per share, rose as high as $119 and closed at $100.73. See here for a complete list of exchanges and delays. 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. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. 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. Its offerings include R1T, a two-row, five-passenger pickup truck, as well as the R1S, a three-row, seven-passenger sport utility vehicle (SUV). When Rivian Automotive ( RIVN -4.73%) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022. You can view our recent press releases by visitingour Newsroom. See here for a complete list of exchanges and delays. The company's . Rivian has 48 current employee profiles, including Chief Executive Officer Robert J. Scaringe. At the time English was added, Rivian Chief Executive. It's a strategic investment. Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, S-1 Registration of Securities October 2021, Consolidated Balance Sheets (Parenthetical), Consolidated Statements Of Changes In Contingently Redeemable Convertible Preferred Stock And Stockholders??? Rivian may also be known as or be related to Rivian, Rivian Automotive, Rivian Automotive, Inc. and Rivian Automotive, LLC. At the very least, Rivian is proving to be a good investmentFord's stake in Rivian is about 13 percent, and the roughly $1.2 billion invested was worth about $9 billion when trading began. Photo: Ford. All quotes delayed a minimum of 15 minutes. Harald Kroeger has resigned as a member of the Rivian Automotive, Inc. Board of Directors (the "Board"), effective December 20, 2022. 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. In . Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. ATLANTA - March 1, 2023 - Today, Governor Brian P. Kemp and First Lady Marty Kemp, along with Rivian founder and CEO RJ Scaringe, joined Lt. Who is Rivians independent registered public accounting firm? Amazon owns about 20 percent of Rivian. Ford Motor Company is a global company based in Dearborn, Michigan. Please select less number of photos for download. No. 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. ", When Ford said in March that English would join Ford's board, its press release identified her as the No. We want to hear from you. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. Our strategic partnership with Rivian plays an important role in the future of fully networked battery electric vehicles, said Jim Hackett, Ford president and CEO. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Move Control L. Move [1/2]R.J. Scaringe, Rivian's CEO, introduces his company's R1T all-electric pickup truck at Los Angeles Auto Show in Los Angeles, California, U.S. November 27, 2018. 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.. Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. 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. And he wants Rivian to make battery systems and drivetrains in-house. And by offering products and services that inspire people to explore and enjoy our world, we hope to also inspire them to want to protect it. DEARBORN, Mich., May 1, 2020 Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivians board of directors effective immediately. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. [5] At that time the SLR became the highest volume carbon based car ever produced. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Ford soared as much as 12% on Thursday, extending its three-day surge to more than 23%. See here for a complete list of exchanges and delays. Delayed Nasdaq Reuters. 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. All quotes delayed a minimum of 15 minutes. Englishs move on to Rivians board seemingly signals the partnership is strong, and like many children of the Ford family, she is being given an increasing amount of responsibility. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The company has numerous challenges ahead as it attempts to grow its business. (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). Rivian has piqued the interest of financial investors speculating it could be the next Tesla, which was an EV startup as well and is now the most valuable automaker in the worldits market value hit $1 trillion in October 2021 for the first time. As head of the World Food Program, which was . A Division of NBCUniversal. the 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. 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. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. United States | English Vans were running around on city streets as part of a pilot program to work out bugs ahead of filling the order with production vans that will go into service delivering packages. Like what you see? May 01, 2020 Rivian and Ford Motor Co. announced that Alexandra Ford English will join Rivian's board of directors effective immediately. The Company is engaged in designing, developing, and manufacturing EVs and accessories. Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes. Data is a real-time snapshot *Data is delayed at least 15 minutes. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. REUTERS/Mike Blake. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. May 01, 2020 10:10 AM. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. She was officially elected to Ford's board in May and her exit from Rivian's board was in anticipation of that, a spokesman said. It was also to be built by Rivian at the Normal plant. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. Rivian Sets Date for Release of Fourth Quarter and Full Year 2022 Results JANUARY 3, 2023 Rivian Produced 10,020 Vehicles in Q4 2022 NOVEMBER 9, 2022 Rivian Releases Third Quarter 2022 Financial Results Leadership & Governance SEC Filings By The Numbers R1 preorders as of Nov. 7, 2022 ~114,000 Initial Amazon EDV order 100,000 ". 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. 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. Our strategic partnership with Rivian plays an important role in the future of fully networked battery electric vehicles, said Jim Hackett, Ford president and CEO. 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