The company has numerous challenges ahead as it attempts to grow its business. 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 ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. It was also to be built by Rivian at the Normal plant. 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. $16.92 (7.63%) $1.20 We want to hear from you. All SEC filings can also be accessed directly from the SEC website atsec.gov. You can unsubscribe at any time. 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Amazon worked closely with Rivian to design the delivery vans being assembled at the Rivian plant in Normal. But within a couple years, that plan was shelved. (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). 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. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. read more. She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . 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. It's a strategic investment. the 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. DEARBORN, Mich., May 1, 2020 Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivians board of directors effective immediately. Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. 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. 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. 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. United States | English Michael Martinez. 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. The data presented on this page does not represent the view of Rivian and its employees or that of Zippia. The CEO also wants a second plant to meet forecasted demand. . Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The Company is engaged in designing, developing, and manufacturing EVs and accessories. And he wants Rivian to make battery systems and drivetrains in-house. Our Standards: The Thomson Reuters Trust Principles. A slow-rolling startup, Rivian was founded in 2009 and began to develop an electric sports coupe, much like Tesla's Roadster, Scaringe admits. 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. Download size exceeds 350 MB. You must contact media@ford.com to obtain approval for advertising, marketing or other commercial uses. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. Content tailored to your personal preferences, Favorite content saved within your briefcase, Media advisories, newsletters, and email alerts and PR contact information. ". 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. 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. On . 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. 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. Ford Family Member Named to Board of EV Startup Rivian. 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. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. We'll keep you updated, but that's a very fundamental bet.". See here for a complete list of exchanges and delays. Images, video and audio from this Web site are provided without login for the purpose of editorial use only. 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. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. -, 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. 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. 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 Board Member Meati Foods . You can view Rivians products by visitingrivian.com. 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. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. October 13, 2021 11:45 AM. It's a strategic investment. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . Rivian is based in Southern California with additional center of gravity offices in Northern California, Michigan, Arizona, Vancouver, the Netherlands and the United Kingdom. Got a confidential news tip? Board Member, Advisor, and Former CEO of Patagonia, Inc. . 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. Investors Leadership . 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. Rivians independent registered public accounting firm is KPMG LLP. How can I obtain Rivians investor relations materials? We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. 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. 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. 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. 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. 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. Copyright 2023 Surperformance. 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. Chairman of the Board and Chief Executive Officer. Press ReleaseProduction & DeliveryShareholder LetterWebcast. Who is Rivians independent registered public accounting firm? Move Control L. Move 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 . Harald Kroeger has resigned as a member of the Rivian Automotive, Inc. Board of Directors (the "Board"), effective December 20, 2022. 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. Governor Burt Jones, Speaker Jon Burns, Department of Economic Development Commissioner Pat Wilson, legislative leaders from both chambers, local elected and economic officials, and company representatives to celebrate the first-ever Rivian Day at the . Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. RJ Scaringe; Pamela Thomas-Graham; Karen Boone; Sanford Schwartz; 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 Amazon.com (AMZN.O) and Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. 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 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. 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. Skip To Main. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Where can I find recent Rivians press releases? 459,846 followers. We'll keep you updated, but that's a very fundamental bet.". 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. Through its RCV platform, it designed and engineered Electric Delivery Van (EDV) in collaboration with Amazon. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We promise not to spam you. When Ford said in March that English would join Ford's board, its press release identified her as the No. 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. 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.. Another investor is Cox Enterprises which is also collaborating with Rivian on digital retailing, service and logistics. Anthony is the CEO of SoFi and serves on its board of directors. 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. 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 . As for who owns itRivian owns Rivian. That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. [5] At that time the SLR became the highest volume carbon based car ever produced. Equity - Fair Value Assumptions (Details), Stockholders??? Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivian's board of directors effective immediately. Sponsored. BEN KLAYMAN. Have some ideas for making The Detroit Bureau.com even better? Sign up for our newsletter and receive the latest automotive news in your inbox! 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. Instructions on how to reset your password have been sent to the email you entered. Where can I find more information on Rivians products. 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. 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%. There are also offices elsewhere in California, as well as Canada and the U.K. Scaringe plans to use the money raised in the IPO to expand his Rivian lineup to include more vehicles built on the R1 platform, a smaller R2 family of vehicles, Rivian-badged adventure or overland vans, as well as commercial vans for customers in addition to Amazon. Let us know, wed love to hear your voice. 2023 CNBC LLC. 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. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. Schuster is also a member of the LMC Automotive board of directors. 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). Last year, the company invested $500 million in Rivian, saying it would develop a new vehicle with the EV maker. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. English is director of Corporate Strategy for Ford Motor Company, responsible for the companys enterprise strategy and connectivity and digital network strategy. The industry leader for online information for tax, accounting and finance professionals. Low Resolution Photos. She is currently the director of corporate strategy at Ford and Executive Chairman Bill Ford Jr.s daughter. 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. 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. It also offers FleetOS, a centralized fleet management subscription platform. If you typed the URL into your browser, check that you entered it correctly. Your email address will not be published. Sorry, your email address is not recognized. 2 U.S. automaker's representative on Rivian's board. Ford employs approximately 188,000 people worldwide. More information is available atrivian.com. 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. See here for a complete list of exchanges and delays. Please select less number of photos for download. 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. 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. is a manufacturer of electric vehicles (EV). In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. 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. In addition to these investments, Ford plans to develop a new vehicle using Rivians flexible skateboard platform. [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. Get the latest business insights from Dun & Bradstreet. Board of Directors. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. 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. As for who owns it Rivian owns Rivian. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. English joined Ford Motor Co. in 2017. REGISTER HERE. May 01, 2020 Rivian and Ford Motor Co. announced that Alexandra Ford English will join Rivian's board of directors effective immediately. For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com. 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. Chief Executive Officer. Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information 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. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. Ford Planning Big Production Increases for Key Gas, Hybrid, Electric Models, VWs Scout Brand May Bring Two Plants to North America. See here for a complete list of exchanges and delays. 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. Could we see a return of the F100, maybe the eF100, F100e. On which exchange is Rivian listed and what is the ticker symbol? Riviandevelops vehicles, technology and services that inspire people to get out and explore the world. 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. 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. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Enter your email below and we'll send a link to help you access your account.