Copyright 2023 Surperformance. Board of Directors. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. Description Rivian Automotive Inc. Cl A Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. 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 Rivian Jan 2021 - Present 2 years 2 months. Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. But last March it halved that target to 25,000 amid. REUTERS/Mike Blake. 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. Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivian's board of directors effective immediately. Amazon owns about 20 percent of Rivian. Achieving this requires real innovation, collaboration and stewardship. Heres the original story.). At Rivian, were committed to showing that a successful business can also be good for the planet. 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. EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. Your email address will not be published. On which exchange is Rivian listed and what is the ticker symbol? Required fields are marked *. 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. Ford Planning Big Production Increases for Key Gas, Hybrid, Electric Models, VWs Scout Brand May Bring Two Plants to North America. The data presented on this page does not represent the view of Rivian and its employees or that of Zippia. 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. The Company is engaged in designing, developing, and manufacturing EVs and accessories. 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). 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. Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. 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. The Company is engaged in designing, developing, and manufacturing EVs and accessories. (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). Who are the members of Rivians Board of Directors? 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. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. Content tailored to your personal preferences, Favorite content saved within your briefcase, Media advisories, newsletters, and email alerts and PR contact information. English joined Ford Motor Company in 2017. read more. 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. 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. 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 employs approximately 188,000 people worldwide. Delayed Nasdaq Please select less number of photos for download. 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. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. May 01, 2020 10:10 AM. And Rivian went public on Nov. 10, 2021. 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. Your email address will not be published. May 01, 2020 Rivian and Ford Motor Co. announced that Alexandra Ford English will join Rivian's board of directors effective immediately. ATLANTA - March 1, 2023 - Today, Governor Brian P. Kemp and First Lady Marty Kemp, along with Rivian founder and CEO RJ Scaringe, joined Lt. 459,846 followers. Got a confidential news tip? 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. (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). You must contactmedia@ford.comto obtain approval for advertising, marketing or other commercial users. 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. Chief Executive Officer. Rivian is one of the most hyped IPOs in recent history. Ford soared as much as 12% on Thursday, extending its three-day surge to more than 23%. 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. 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 "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. 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, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Have some ideas for making The Detroit Bureau.com even better? 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. 1mo. 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 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. Board Member, Advisor, and Former CEO of Patagonia, Inc. . The company's . See here for a complete list of exchanges and delays. Editor's note: This story has been updated to clarify that Ford . 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. 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. 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. 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. Last year, the company invested $500 million in Rivian, saying it would develop a new vehicle with the EV maker. When Rivian Automotive ( RIVN -4.73%) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022. 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. The company has numerous challenges ahead as it attempts to grow its business. Rivian and Ford Motor Company have announced that Alexandra Ford English will join Rivian's board of directors. It provides Rivian Commercial Vehicle platform for Electric Delivery Van with collaboration with Amazon.com, Inc. 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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. In addition to these investments, Ford plans to develop a new vehicle using Rivians flexible skateboard platform. 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. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. That by exploring more responsibly today, we can preserve the environment for the generations that come after us. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. English joined Ford Motor Co. in 2017. 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. 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 . home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . Sign up for our newsletter and receive the latest automotive news in your inbox! The announcement is effective May 1 st, 2020. Download size exceeds 350 MB. Instructions on how to reset your password have been sent to the email you entered. On . 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. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. See here for a complete list of exchanges and delays. 2 U.S. automaker's representative on Rivian's board. Photo: Ford. Amazon.comand Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. Data is a real-time snapshot *Data is delayed at least 15 minutes. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. 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. Skip To Main. The industry leader for online information for tax, accounting and finance professionals. Select a location. DEARBORN, Mich., May 1, 2020 Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivians board of directors effective immediately. LOGIN OR 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. Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information 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. Alexandra Ford English. Rivian has 48 current employee profiles, including Chief Executive Officer Robert J. Scaringe. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. We'll keep you updated, but that's a very fundamental bet.". Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. 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. Come along for a virtual tour of our state-of-the-art manufacturing facility in Normal, Illinois. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. The industry leader for online information for tax, accounting and finance professionals. Who is Rivians independent registered public accounting firm? Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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, 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. Images, video and audio from this Web site are provided without login for the purpose of editorial use only. How can I obtain Rivians investor relations materials? Largely unknown outside of automotive circles . When Ford said in March that English would join Ford's board, its press release identified her as the No. All rights reserved. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. A slow-rolling startup, Rivian was founded in 2009 and began to develop an electric sports coupe, much like Tesla's Roadster, Scaringe admits. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. And he wants Rivian to make battery systems and drivetrains in-house. 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. Amazon.com (AMZN.O) and Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. 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 vice president Doug Power replaced English in June, and left the board in September. Save my name, email, and website in this browser for the next time I comment. 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. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. RJ Scaringe; Pamela Thomas-Graham; Karen Boone; Sanford Schwartz; D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. Rivian is following Tesla's model of direct sales instead of traditional dealerships. [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. 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. . The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. 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.. Please select individual photos within album for download. 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. If you typed the URL into your browser, check that you entered it correctly. 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. 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. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Like what you see? 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. Ford Motor Company is a global company based in Dearborn, Michigan. 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. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. Download size exceeds 350 MB. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. 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. It went public on the Nasdaq on Nov. 10, 2021 at an IPO price of $78.00, raising nearly $12 billion. 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. 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. 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. 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.