Rivian has 48 current employee profiles, including Chief Executive Officer Robert J. Scaringe. 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 Alexandra Ford English. 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. As for who owns it Rivian owns Rivian. For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com. Chairman of the Board of Directors . The announcement is effective May 1 st, 2020. 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. The R1 technology systems include vehicle electronics, battery, electric drive, chassis, Driver+, its advanced driver assistance system (ADAS), and digital user experience management. 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. 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. Please select less number of photos for download. She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . Where can I find more information on Rivians products. How can I obtain Rivians investor relations materials? Check out the weeks top story and our latest reviewalong with a dive into the past with this week in automotive history. The Company is engaged in designing, developing, and manufacturing EVs and accessories. But within a couple years, that plan was shelved. Ford's vested interest included initial plans to have Rivian make an electric SUV for the Lincoln brand. 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. 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. 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. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. All Rights Reserved. In . 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. Ford also had a representative on the Rivian board of directors but that ended prior to the company going public. Where can I find recent Rivians press releases? Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Data is a real-time snapshot *Data is delayed at least 15 minutes. Please select individual photos within album for download. 2 U.S. automaker's representative on Rivian's board. Have some ideas for making The Detroit Bureau.com even better? Sign up for free newsletters and get more CNBC delivered to your inbox. Rivian is based in Southern California with additional center of gravity offices in Northern California, Michigan, Arizona, Vancouver, the Netherlands and the United Kingdom. English is director of Corporate Strategy for Ford Motor Company, responsible for the companys enterprise strategy and connectivity and digital network strategy. Rivian Automotive. Board Member, Advisor, and Former CEO of Patagonia, Inc. . Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. 2023 CNBC LLC. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Save my name, email, and website in this browser for the next time I comment. Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. The Company is engaged in designing, developing, and manufacturing EVs and accessories. You can unsubscribe at any time. It went public on the Nasdaq on Nov. 10, 2021 at an IPO price of $78.00, raising nearly $12 billion. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. And he wants Rivian to make battery systems and drivetrains in-house. 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. 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. Let us know, wed love to hear your voice. 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). Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Rivian is also building a charging network that includes off-road locations to plug in. Rivian has been hogging headlines. 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. 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. Press ReleaseProduction & DeliveryShareholder LetterWebcast. Required fields are marked *. 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. Chief Executive Officer. You can view Rivians products by visitingrivian.com. 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. 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. EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. TO VIEW CONTACT DETAILS PLEASE 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. |, Alexandra Ford English to Join Rivians Board of Directors. See here for a complete list of exchanges and delays. It provides Rivian Commercial Vehicle platform for Electric Delivery Van with collaboration with Amazon.com, Inc. the 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. 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. 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. Rivianwill launch its products in the US in 2021, with introduction to international markets following. Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information Your email address will not be published. (Deficit) Equity, Consolidated Statements Of Comprehensive Loss, Commitments And Contingencies - Unconditional Purchase Obligations (Details), Debt - Debt Securities, Trading, And Equity Securities, Fv-Ni (Details), Income Taxes - Deferred Tax Assets And Liabilities (Details), Income Taxes - Income Tax Reconciliation (Details), Income Taxes - Provision For Income Taxes (Details), Inventory And Inventory Valuation (Tables), Inventory And Inventory Valuation - Schedule Of Inventory, Current (Details), Leases - Schedule Of Lease Assets And Liabilities (Details), Leases - Terms And Interest Rates (Details), Net Loss Per Share - Antidilutive Securities (Details), Net Loss Per Share - Basic And Diluted Earnings Per Share (Details), Presentation And Nature Of Operations (Details), Property, Plant, And Equipment, Net (Tables), Property, Plant, And Equipment, Net - Narrative (Details), Property, Plant, And Equipment, Net - Schedule Of Property, Plant, And Equipment (Details), Related Party Transactions - Narrative (Details), Stock-Based Compensation - Fair Value Assumptions (Details), Stock-Based Compensation - Narrative (Details), Stock-Based Compensation - Schedule Of Stock-Based Compensation Expense (Details), Stock-Based Compensation - Share-Based Payment Arrangement, Activity (Details), Stockholders??? 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. Could we see a return of the F100, maybe the eF100, F100e. It's not a transactional investment. As for who owns itRivian owns Rivian. Anthony is the CEO of SoFi and serves on its board of directors. The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. 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. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . We'll keep you updated, but that's a very fundamental bet.". RIVIAN AUTOMOTIVE, INC. 14600 Myford Road Irvine, California 92606 Letter From Our CEO April 27, 2022 To Our Stockholders: You are cordially invited to attend the 2022 Annual Meeting of Stockholders (the "Annual Meeting") of Rivian Automotive, Inc. at 11:00 a.m. Pacific time, on Monday, June 6, 2022. 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)? DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . But last March it halved that target to 25,000 amid. Editor's note: This story has been updated to clarify that Ford . 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 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. No. Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. All quotes delayed a minimum of 15 minutes. The startup also has a contract to make 100,000 electric delivery vans for Amazon Prime and will expand to fill fleet orders for others. 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.. Ford vice president Doug Power replaced English in June, and left the board in September. See here for a complete list of exchanges and delays. 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. read more. (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. Its current valuation prices in many years of success that. The company's . Rivian VP of Manufacturing Tim Fallon recently shared this look back at 2022, and a view ahead at 2023. Ford Motor Company announced earlier this month that Alexandra Ford English the daughter of executive . English currently serves as Ford Motor Company's director of Corporate Strategy. The industry leader for online information for tax, accounting and finance professionals. English is director of Corporate Strategy for . 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. 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 . 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. Board of Directors. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. 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. Achieving this requires real innovation, collaboration and stewardship. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. 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. Board of Directors Audit Committee Nominating & Governance Compensation Planet & Policy. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. The move higher materialized as hype over electric vehicles continues to push auto stocks higher. It's a strategic investment. Rivianis accepting preorders on its R1T and R1S. 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. Sponsored. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. 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. 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 . Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. 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. Prior to Twitter, Anthony served for almost four years as co-head of global TMT investment . She is currently the director of corporate strategy at Ford and Executive Chairman Bill Ford Jr.s daughter. When Ford said in March that English would join Ford's board, its press release identified her as the No. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. We'll keep you updated, but that's a very fundamental bet.". 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. Amazon owns about 20 percent of Rivian. High Resolution Photos document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We promise not to spam you. Rivian Automotive, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. ( TSLA ). Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. Chairman of the Board and Chief Executive Officer. 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 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 Images, video and audio from this Web site are provided without login for the purpose of editorial use only. We continue to see enormous growth and progress in every . 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. Ford is also supplying some components, engineering and tooling to Rivian. You can obtain Rivians investor relations material in the Investors section of our website. October 13, 2021 11:45 AM. It was also to be built by Rivian at the Normal plant. RIVN. TheDetroitBureau doesnt stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting. 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. Riviandevelops vehicles, technology and services that inspire people to get out and explore the world. See here for a complete list of exchanges and delays. We cant find the page you're looking for. [5] At that time the SLR became the highest volume carbon based car ever produced. Ford Motor Company is a global company based in Dearborn, Michigan. (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. The CEO also wants a second plant to meet forecasted demand. Download size exceeds 350 MB. Rivian is one of the most hyped IPOs in recent history. LOGIN OR Photo: Ford. 459,846 followers. At Rivian, were committed to showing that a successful business can also be good for the planet. Schuster is also a member of the LMC Automotive board of directors. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). 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.