rivian automotive board of directors rivian automotive board of directors

REUTERS/Mike Blake. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Low Resolution Photos. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Board of Directors Audit Committee Nominating & Governance Compensation Planet & Policy. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. . 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. Board Member, Advisor, and Former CEO of Patagonia, Inc. . Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivian's board of directors effective immediately. 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. Youll see Stamping, Body, Paint, Propulsion, General Assembly and End of Line, including how our skilled, diverse and dedicated team assembles our R1T, R1S and commercial vans. Its current valuation prices in many years of success that. Anthony is the CEO of SoFi and serves on its board of directors. Rivian priced its initial public offering on November 9, 2021 and began trading on Nasdaq on November 10, 2021. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. Instructions on how to reset your password have been sent to the email you entered. read more. Content tailored to your personal preferences, Favorite content saved within your briefcase, Media advisories, newsletters, and email alerts and PR contact information. Your email address will not be published. And Rivian went public on Nov. 10, 2021. On . Your email address will not be published. Ford's vested interest included initial plans to have Rivian make an electric SUV for the Lincoln brand. 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. 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 Smart Decisions Aid Strong Sales Start by Kia in 2023, How to be a Good Citizen at the Charging Station, Ford Sells Big in February with 21.9 Percent Jump, Auto Shows: Reports of Their Death Has Been Greatly Exaggerated, Tesla Teases but Fails to Show Cheap EV and Stock Falls, First Drive: 2023 Land Rover Defender 130, A Week With: 2023 Nissan Altima SR 2.0 VC-Turbo, A Week With: 2023 Mazda CX-5 Carbon Edition AWD, A Week With: 2023 Chevrolet Silverado ZR2, A Week With: 2023 Genesis G80 AWD Sport Prestige, Extended Warranty For Cars Over 100k Miles, Reputable Extended Car Warranty Companies, How Far Back Does A Car Insurance Company Look, Mechanical Breakdown Insurance For Used Cars, State Farm Mechanical Breakdown Insurance, Mechanical Breakdown Insurance From Progressive, Car Insurance Rates After A Suspended License, Average Cost of Dodge Ram 1500 Car Insurance. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. That gave Rivian an opening day market value just shy of $100 billion, higher than General Motors or Ford which have revenue in the billions and sales in the millions. Does Rivian pay dividends and have a dividend reinvestment program? The maker of electric vehicles has launched the 2022 Rivian R1T electric pickup truck and will soon add production of the 2022 Rivian R1S electric three-row SUV. Ford employs approximately 188,000 people worldwide. 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. 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. English joined Ford Motor Company in 2017. Rivian is based in Southern California with additional center of gravity offices in Northern California, Michigan, Arizona, Vancouver, the Netherlands and the United Kingdom. She is currently the director of corporate strategy at Ford and Executive Chairman Bill Ford Jr.s daughter. 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. But last March it halved that target to 25,000 amid. Heres the original story.). 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. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. Ford executives have repeatedly stressed that the company's relationship with Rivian is strategic, but Ford's Lincoln division in April 2020 canceled plans to build EVs with Rivian, a move to save money during the pandemic. 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. Rivian Automotive. Included in his role is the leadership of the regional sales, production and powertrain forecasting services that detail manufacturer, segment, platform, model, and plant trends. We'll keep you updated, but that's a very fundamental bet.". 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. You can obtain Rivians investor relations material in the Investors section of our website. Ford CEO Jim Farley has said the two automakers continue to work together, with mutual admiration and respect and a strategic vision that will play out over many years. It's not a transactional investment. Rivian VP of Manufacturing Tim Fallon recently shared this look back at 2022, and a view ahead at 2023. 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. 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. 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. DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . Michael Martinez. 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 is the newest member of the Rivian board of directors. How can I get a copy of Rivian's Annual Report or any other Investor materials (i.e., Investor Relations kit, Form 10-K, Proxy Statement)? 2022 The Ford Motor Company | This site may contain links to external websites not affiliated with Ford Motor Company | Images, video and audio from this Web site are provided without login for the purpose of editorial use only. The company's . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. It went public on the Nasdaq on Nov. 10, 2021 at an IPO price of $78.00, raising nearly $12 billion. English joined Ford Motor Co. in 2017. 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. Come along for a virtual tour of our state-of-the-art manufacturing facility in Normal, Illinois. 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. None of the information on this page has been provided or approved by Rivian. The company was. High Resolution Photos RIVN. Ford Family Member Named to Board of EV Startup Rivian. How can I obtain Rivians investor relations materials? 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. As head of the World Food Program, which was . She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . Chairman of the Board of Directors . 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. Required fields are marked *. 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. Check out the weeks top story and our latest reviewalong with a dive into the past with this week in automotive history. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. 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. Ford executives have repeatedly stressed that the company's relationship with Rivian is strategic, but Ford's Lincoln division in April 2020 canceled plans to build EVs with Rivian, a move to save money during the pandemic. Delayed Nasdaq 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. Select a location. See here for a complete list of exchanges and delays. 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. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. Rivianhas development centers in Plymouth, Michigan; Northern California; Southern California; Vancouver, Canada, and Surrey, England; along with a 2.6-million-square-foot manufacturing plant in Normal, Illinois. 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.. 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. It's a strategic investment. Ford vice president Doug Power replaced English in June, and left the board in September. Move Control L. Move 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. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. 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??? Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. ". The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. It's a strategic investment. home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. 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. A Ford subsidiary did the prototype bodies-in-white for the Rivian and Amazon pre-production vehicles while Rivian was still tooling up its own body shop in Normal. It sells vehicles directly to customers in the consumer and commercial markets. Before joining SoFi, he served as chief operating officer of Twitter since November 2016, and as its chief financial officer when joining the company in July 2014. 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. Chief Executive Officer. In . May 1, 2020. Skip To Main. TO VIEW CONTACT DETAILS PLEASE 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. Ford vice president Doug Power replaced English in June, and left the board in September. TheDetroitBureau doesnt stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The industry leader for online information for tax, accounting and finance professionals. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. The Company is engaged in designing, developing, and manufacturing EVs and accessories. Shares can be purchased through a stockbroker of your choice. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. 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. Riviandevelops vehicles, technology and services that inspire people to get out and explore the world. 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. 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. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Photo: Ford. As for who owns itRivian owns Rivian. -, Rivian stands by 2023 production target despite media report, Rivian Automotive Reportedly Plans to Produce 62,000 EVs This Year, Rivian Automotive Says 62,000 Electric Vehicles' Production Possible in 2023, THE BANK OF N.T. Get the latest business insights from Dun & Bradstreet. 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. 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. Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. 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. When Rivian Automotive ( RIVN -4.73%) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022. 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 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. English is director of Corporate Strategy for . Have some ideas for making The Detroit Bureau.com even better? You can view Rivians products by visitingrivian.com. 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. Download size exceeds 350 MB. And he wants Rivian to make battery systems and drivetrains in-house. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. Where can I find recent Rivians press releases? Driving Cadillacs in Our Dreams: What Do the Rich Drive? Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Who is Rivians independent registered public accounting firm? That by exploring more responsibly today, we can preserve the environment for the generations that come after us. Sponsored. 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 Rivian's 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. The company, renamed Rivian, started with a small crew and an original plan to build a mid-engine hybrid sports car. Rivian and Ford Motor Company have announced that Alexandra Ford English will join Rivian's board of directors. 1mo. $16.92 (7.63%) $1.20 See here for a complete list of exchanges and delays. Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. The move higher materialized as hype over electric vehicles continues to push auto stocks higher. Amazon.comand Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. If you typed the URL into your browser, check that you entered it correctly. All rights reserved. EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. Ford is also supplying some components, engineering and tooling to 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. Another investor is Cox Enterprises which is also collaborating with Rivian on digital retailing, service and logistics. 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 Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. icon-branding Events Icon Ford has invested more than $820 million in Rivian over two fundraising rounds. The R1 technology systems include vehicle electronics, battery, electric drive, chassis, Driver+, its advanced driver assistance system (ADAS), and digital user experience management. Rivian Automotive price target lowered to $18 from $32 at Wells Fargo February 24, 2023TipRanks Rivian Automotive price target lowered to $42 from $50 at Mizuho February 24, 2023TipRanks Mizuho. . October 13, 2021 11:45 AM. Ford Planning Big Production Increases for Key Gas, Hybrid, Electric Models, VWs Scout Brand May Bring Two Plants to North America. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. Schuster is also a member of the LMC Automotive board of directors. The data presented on this page does not represent the view of Rivian and its employees or that of Zippia. 2 U.S. automaker's representative on Rivian's board. 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. Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. Rivian is one of the most hyped IPOs in recent history. Rivian is following Tesla's model of direct sales instead of traditional dealerships. All Rights Reserved. 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. See here for a complete list of exchanges and delays. 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).