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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We promise not to spam you. Member of the Board of Directors Patagonia Mar 2013 - . The company's . 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. Does Rivian pay dividends and have a dividend reinvestment program? All rights reserved. It's not a transactional investment. -, 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. 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. 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. 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. Rivian may also be known as or be related to Rivian, Rivian Automotive, Rivian Automotive, Inc. and Rivian Automotive, LLC. You must contactmedia@ford.comto obtain approval for advertising, marketing or other commercial users. 2 U.S. automaker's representative on Rivian's board. 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. Like what you see? Ford employs approximately 188,000 people worldwide. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com. read more. 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. It also offers FleetOS, a centralized fleet management subscription platform. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. DEARBORN, Mich., May 1, 2020 Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivians board of directors effective immediately. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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.". Where can I find recent Rivians press releases? Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. 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. Delayed Nasdaq All quotes delayed a minimum of 15 minutes. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. Harald Kroeger has resigned as a member of the Rivian Automotive, Inc. Board of Directors (the "Board"), effective December 20, 2022. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). Alexandra Ford English. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . Let us know, wed love to hear your voice. The industry leader for online information for tax, accounting and finance professionals. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. Chief Executive Officer. ", When Ford said in March that English would join Ford's board, its press release identified her as the No. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). 459,846 followers. 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. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. See here for a complete list of exchanges and delays. Board of Directors. REGISTER HERE. Rivian Jan 2021 - Present 2 years 2 months. When Rivian Automotive ( RIVN -4.73%) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022. 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. Get this delivered to your inbox, and more info about our products and services. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. English joined Ford Motor Company in 2017. Ford soared as much as 12% on Thursday, extending its three-day surge to more than 23%. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivian's board of directors effective immediately. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Anthony is the CEO of SoFi and serves on its board of directors. D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . Rivian. She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . Instructions on how to reset your password have been sent to the email you entered. The CEO also wants a second plant to meet forecasted demand. 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. RIVN. (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). 2023 CNBC LLC. The Company is engaged in designing, developing, and manufacturing EVs and accessories. 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, Oct 12 (Reuters) - Ford Motor Co (F.N), which has repeatedly touted its strategic relationship with electric vehicle maker Rivian, no longer has a representative on the startup's board of directors ahead of its going public. EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. Chairman of the Board and Chief Executive Officer. The company has numerous challenges ahead as it attempts to grow its business. The announcement is effective May 1 st, 2020. More information is available atrivian.com. the 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. Content tailored to your personal preferences, Favorite content saved within your briefcase, Media advisories, newsletters, and email alerts and PR contact information. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. Ford is also supplying some components, engineering and tooling to Rivian. ATLANTA - March 1, 2023 - Today, Governor Brian P. Kemp and First Lady Marty Kemp, along with Rivian founder and CEO RJ Scaringe, joined Lt. Through its RCV platform, it designed and engineered Electric Delivery Van (EDV) in collaboration with Amazon. All Rights Reserved. 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. Rivian is one of the most hyped IPOs in recent history. read more. Rivian VP of Manufacturing Tim Fallon recently shared this look back at 2022, and a view ahead at 2023. The Company is engaged in designing, developing, and manufacturing EVs and accessories. See here for a complete list of exchanges and delays. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. Copyright 2023 Surperformance. 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. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. 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. Reuters. . 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. 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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. 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. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. Got a confidential news tip? And Rivian went public on Nov. 10, 2021. 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. 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. Sponsored. 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. Rivian is following Tesla's model of direct sales instead of traditional dealerships. We'll keep you updated, but that's a very fundamental bet.". 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 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. Sign up for our newsletter and receive the latest automotive news in your inbox! The data presented on this page does not represent the view of Rivian and its employees or that of Zippia. Required fields are marked *. On . Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. 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. 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. 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 Images, video and audio from this Web site are provided without login for the purpose of editorial use only. home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. Rivian and Ford Motor Company have announced that Alexandra Ford English will join Rivian's board of directors. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. When Ford said in March that English would join Ford's board, its press release identified her as the No. October 13, 2021 11:45 AM. Rivianwill launch its products in the US in 2021, with introduction to international markets following. Ford also had a representative on the Rivian board of directors but that ended prior to the company going public. 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. 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. Come along for a virtual tour of our state-of-the-art manufacturing facility in Normal, Illinois. 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 . Rivian is also building a charging network that includes off-road locations to plug in. Where can I find more information on Rivians products. 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. 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. 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. Sorry, your email address is not recognized. You can obtain Rivians investor relations material in the Investors section of our website. 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 ). BEN KLAYMAN. All quotes delayed a minimum of 15 minutes. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Schuster is also a member of the LMC Automotive board of directors. The move higher materialized as hype over electric vehicles continues to push auto stocks higher. Ford Planning Big Production Increases for Key Gas, Hybrid, Electric Models, VWs Scout Brand May Bring Two Plants to North America. Select a location. Investors Leadership . Photo: Ford. Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . At Rivian, were committed to showing that a successful business can also be good for the planet. 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. English is director of Corporate Strategy for Ford Motor Company, responsible for the companys enterprise strategy and connectivity and digital network strategy. Rivian priced its initial public offering on November 9, 2021 and began trading on Nasdaq on November 10, 2021. 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. 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. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. A Division of NBCUniversal. English currently serves as Ford Motor Company's director of Corporate Strategy. As for who owns itRivian owns Rivian. Download size exceeds 350 MB. Data is a real-time snapshot *Data is delayed at least 15 minutes. Editor's note: This story has been updated to clarify that Ford . 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. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. TO VIEW CONTACT DETAILS PLEASE Sign up for free newsletters and get more CNBC delivered to your inbox. 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. That by exploring more responsibly today, we can preserve the environment for the generations that come after us. 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??? 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. English is director of Corporate Strategy for . But within a couple years, that plan was shelved. You can view Rivians products by visitingrivian.com. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. She is currently the director of corporate strategy at Ford and Executive Chairman Bill Ford Jr.s daughter. Alexandra Ford English is the newest member of the Rivian board of directors. Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information High Resolution Photos May 01, 2020 10:10 AM. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. Chairman of the Board of Directors . 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. 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. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Skip To Main. 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. 2022 The Ford Motor Company | This site may contain links to external websites not affiliated with Ford Motor Company | Images, video and audio from this Web site are provided without login for the purpose of editorial use only. 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. Equity - Fair Value Assumptions (Details), Stockholders??? Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Its current valuation prices in many years of success that. 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. 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. At the time English was added, Rivian Chief Executive. 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. 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. Download size exceeds 350 MB. In addition to these investments, Ford plans to develop a new vehicle using Rivians flexible skateboard platform. You can unsubscribe at any time. 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. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. Board Member Meati Foods . 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. (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. Global asset firm T. Rowe Price is also a large investor and other financial companies that invested prior to the IPO include Fidelity Management and Research Company, D1 Capital Partners, Third Point, Dragoneer Investment Group, Franklin Templeton, Blackstone, and Coatue. 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.. The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. 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. 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. 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. . 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. LOGIN OR |, Alexandra Ford English to Join Rivians 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. English joined Ford Motor Co. in 2017. See here for a complete list of exchanges and delays. Enter your email below and we'll send a link to help you access your account. 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.
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