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 is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. 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. ". See here for a complete list of exchanges and delays. 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. Ford soared as much as 12% on Thursday, extending its three-day surge to more than 23%. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. English currently serves as Ford Motor Company's director of Corporate Strategy. Its current valuation prices in many years of success that. 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. $16.92 (7.63%) $1.20 But last March it halved that target to 25,000 amid. All SEC filings can also be accessed directly from the SEC website atsec.gov. 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. English joined Ford Motor Company in 2017. More information is available atrivian.com. It's not a transactional investment. The announcement is effective May 1 st, 2020. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. Content tailored to your personal preferences, Favorite content saved within your briefcase, Media advisories, newsletters, and email alerts and PR contact information. 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. 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. As for who owns it Rivian owns Rivian. 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. On . |, Alexandra Ford English to Join Rivians Board of Directors. Achieving this requires real innovation, collaboration and stewardship. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Let us know, wed love to hear your voice. 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 . English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. 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 priced its initial public offering on November 9, 2021 and began trading on Nasdaq on November 10, 2021. 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. 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. At Rivian, were committed to showing that a successful business can also be good for the planet. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. Get the latest business insights from Dun & Bradstreet. As for who owns itRivian owns Rivian. Equity - Fair Value Assumptions (Details), Stockholders??? Instructions on how to reset your password have been sent to the email you entered. It's not a transactional investment. Member of the Board of Directors Patagonia Mar 2013 - . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We promise not to spam you. 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. Sorry, your email address is not recognized. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. Like what you see? Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. You can obtain Rivians investor relations material in the Investors section of our website. Rivian has been hogging headlines. Another investor is Cox Enterprises which is also collaborating with Rivian on digital retailing, service and logistics. We'll keep you updated, but that's a very fundamental bet.". 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 Chief Executive Officer. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. All quotes delayed a minimum of 15 minutes. The luxury SUV would have used Rivian's skateboard EV chassis with a "top hat" designed by Lincoln. Through its RCV platform, it designed and engineered Electric Delivery Van (EDV) in collaboration with Amazon. 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. 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.. 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. Rivianis accepting preorders on its R1T and R1S. Download size exceeds 350 MB. On which exchange is Rivian listed and what is the ticker symbol? "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Driving Cadillacs in Our Dreams: What Do the Rich Drive? Shares can be purchased through a stockbroker of your choice. 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. 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 an electric vehicle manufacturer on a mission to keep the world adventurous forever. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. Press ReleaseProduction & DeliveryShareholder LetterWebcast. Rivian is also building a charging network that includes off-road locations to plug in. EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. 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. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. ", When Ford said in March that English would join Ford's board, its press release identified her as the No. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. 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. Sponsored. Reuters. 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. Ford vice president Doug Power replaced English in June, and left the board in September. 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. 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. Ford Motor Company announced earlier this month that Alexandra Ford English the daughter of executive . 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 . 459,846 followers. Move Control L. Move Select a location. 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. Board of Directors. Could we see a return of the F100, maybe the eF100, F100e. 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. English joined Ford Motor Co. in 2017. Amazon.com (AMZN.O) and Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. See here for a complete list of exchanges and delays. Rivian is one of the most hyped IPOs in recent history. 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. Come along for a virtual tour of our state-of-the-art manufacturing facility in Normal, Illinois. 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(Global Investors), Rivian plans to produce 62,000 vehicles this year - Bloomberg News. Board Member, Advisor, and Former CEO of Patagonia, Inc. . 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. Chairman of the Board and Chief Executive Officer. It's a strategic investment. Rivian Jan 2021 - Present 2 years 2 months. 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. 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. [5] At that time the SLR became the highest volume carbon based car ever produced. [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. Alexandra Ford English is the newest member of the Rivian board of directors. All quotes delayed a minimum of 15 minutes. Low Resolution Photos. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. 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. 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. REUTERS/Mike Blake. icon-branding Events Icon DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . REGISTER HERE. Heres the original story.). Ford employs approximately 188,000 people worldwide. Schuster is also a member of the LMC Automotive board of directors. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. High Resolution Photos 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. Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes. She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . 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 English is director of Corporate Strategy for Ford Motor Company, responsible for the companys enterprise strategy and connectivity and digital network strategy. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. 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. Rivian VP of Manufacturing Tim Fallon recently shared this look back at 2022, and a view ahead at 2023. All Rights Reserved. Get this delivered to your inbox, and more info about our products and services. 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. 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)? -, 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. 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. Riviandevelops vehicles, technology and services that inspire people to get out and explore the world. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. 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. 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. Ford Planning Big Production Increases for Key Gas, Hybrid, Electric Models, VWs Scout Brand May Bring Two Plants to North America. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. Sign up for free newsletters and get more CNBC delivered to your inbox. RJ Scaringe; Pamela Thomas-Graham; Karen Boone; Sanford Schwartz; (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). 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. Ford Motor Company is a global company based in Dearborn, Michigan. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. A slow-rolling startup, Rivian was founded in 2009 and began to develop an electric sports coupe, much like Tesla's Roadster, Scaringe admits. Investors Leadership . 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 English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Your email address will not be published. When Ford said in March that English would join Ford's board, its press release identified her as the No. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Sign up for our newsletter and receive the latest automotive news in your inbox! TheDetroitBureau doesnt stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting. You must contact media@ford.com to obtain approval for advertising, marketing or other commercial uses. 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. We continue to see enormous growth and progress in every . 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 Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. If you typed the URL into your browser, check that you entered it correctly. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. 2023 CNBC LLC. 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. read more. Description Rivian Automotive Inc. Cl A Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. Board of Directors Audit Committee Nominating & Governance Compensation Planet & Policy. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. 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. You can view Rivians products by visitingrivian.com. 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. 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. 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. In addition to these investments, Ford plans to develop a new vehicle using Rivians flexible skateboard platform. You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. ATLANTA - March 1, 2023 - Today, Governor Brian P. Kemp and First Lady Marty Kemp, along with Rivian founder and CEO RJ Scaringe, joined Lt. The industry leader for online information for tax, accounting and finance professionals. 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. . Copyright 2023 Surperformance. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Ford vice president Doug Power replaced English in June, and left the board in September. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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). Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. DEARBORN, Mich., May 1, 2020 Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivians board of directors effective immediately. . Rivian may also be known as or be related to Rivian, Rivian Automotive, Rivian Automotive, Inc. and Rivian Automotive, LLC. We cant find the page you're looking for. 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. read more. RIVN. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . 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. 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. The Company is engaged in designing, developing, and manufacturing EVs and accessories. It also offers FleetOS, a centralized fleet management subscription platform. 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, 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. 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 has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. 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. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). 2 U.S. automaker's representative on Rivian's board. Enter your email below and we'll send a link to help you access your account. As head of the World Food Program, which was . Who is Rivians independent registered public accounting firm? Does Rivian pay dividends and have a dividend reinvestment program? We'll keep you updated, but that's a very fundamental bet.". Who are the members of Rivians Board of Directors? Michael Martinez. Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021.