Shares can be purchased through a stockbroker of your choice. 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. Who are the members of Rivians Board of Directors? Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. 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. 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. But last March it halved that target to 25,000 amid. read more. Board Member, Advisor, and Former CEO of Patagonia, Inc. . All SEC filings can also be accessed directly from the SEC website atsec.gov. A Division of NBCUniversal. Equity - Fair Value Assumptions (Details), Stockholders??? 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. It's not a transactional investment. Michael Martinez. All quotes delayed a minimum of 15 minutes. 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. 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 . We'll keep you updated, but that's a very fundamental bet.". D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. Description Rivian Automotive Inc. Cl A Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. Rivian and Ford Motor Company have announced that Alexandra Ford English will join Rivian's board of directors. 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. Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information Rivian Automotive, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. ( TSLA ). Photo: Ford. 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. Prior to Twitter, Anthony served for almost four years as co-head of global TMT investment . home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. Rivian is following Tesla's model of direct sales instead of traditional dealerships. 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. The industry leader for online information for tax, accounting and finance 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 Motor Company announced earlier this month that Alexandra Ford English the daughter of executive . 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. Ford made an initial equity investment of $500 million in Rivian in April 2019, and an additional equity investment in December 2019. Have some ideas for making The Detroit Bureau.com even better? We continue to see enormous growth and progress in every . 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. Board Member Meati Foods . REUTERS/Mike Blake. 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.". 2023 CNBC LLC. The move higher materialized as hype over electric vehicles continues to push auto stocks higher. The company, renamed Rivian, started with a small crew and an original plan to build a mid-engine hybrid sports car. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. As for who owns it Rivian owns Rivian. 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. Download size exceeds 350 MB. Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes. 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. Chairman of the Board and Chief Executive Officer. Sorry, your email address is not recognized. Rivian may also be known as or be related to Rivian, Rivian Automotive, Rivian Automotive, Inc. and Rivian Automotive, LLC. EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. English joined Ford Motor Co. in 2017. At the time English was added, Rivian Chief Executive. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. May 01, 2020 10:10 AM. Ford vice president Doug Power replaced English in June, and left the board in September. The luxury SUV would have used Rivian's skateboard EV chassis with a "top hat" designed by Lincoln. Riviandevelops vehicles, technology and services that inspire people to get out and explore the world. Our Standards: The Thomson Reuters Trust Principles. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. Rivian is one of the most hyped IPOs in recent history. Alexandra Ford English. 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 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's vested interest included initial plans to have Rivian make an electric SUV for the Lincoln brand. 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). Board of Directors Audit Committee Nominating & Governance Compensation Planet & Policy. Its current valuation prices in many years of success that. Volkswagen's Scout to build $2 bln plant in South Carolina, Mexico can't match U.S. incentives for proposed Tesla battery plant, minister says, Reporting by Ben Klayman, additional reporting by Paul Lienert; Editing by David Gregorio, Kirsten Donovan, Ford looking at ways to boost gas-powered F-150 production, Rivian stands by 2023 production target despite media report, Saudi Aramco CEO will not attend Houston energy conference, As space junk threat grows, government and investors seek solutions, France's nuclear output hit by strike at EDF, EIA blames crude oil blending, under-reported output for high adjustments in US data, Nissan and Mexican workers agree to 9% raise at Morelos plant, union says, Exclusive news, data and analytics for financial market professionals. English is director of Corporate Strategy for . the 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. It's not a transactional investment. Editor's note: This story has been updated to clarify that Ford . English currently serves as Ford Motor Company's director of Corporate Strategy. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. 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. 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. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. Come along for a virtual tour of our state-of-the-art manufacturing facility in Normal, Illinois. Schuster is also a member of the LMC Automotive board of directors. You can obtain Rivians investor relations material in the Investors section of our website. DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . 1mo. 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. Driving Cadillacs in Our Dreams: What Do the Rich Drive? English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. 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. Required fields are marked *. . [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. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. And he wants Rivian to make battery systems and drivetrains in-house. 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. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. We want to hear from you. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. 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 Ford employs approximately 188,000 people worldwide. 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. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. As for who owns itRivian owns Rivian. 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. 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. You can unsubscribe at any time. Rivianwill launch its products in the US in 2021, with introduction to international markets following. Download size exceeds 350 MB. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. And Rivian went public on Nov. 10, 2021. 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. Press ReleaseProduction & DeliveryShareholder LetterWebcast. Chief Executive Officer. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Get this delivered to your inbox, and more info about our products and services. English joined Ford Motor Company in 2017. (Deficit) Equity, Consolidated Statements Of Comprehensive Loss, Commitments And Contingencies - Unconditional Purchase Obligations (Details), Debt - Debt Securities, Trading, And Equity Securities, Fv-Ni (Details), Income Taxes - Deferred Tax Assets And Liabilities (Details), Income Taxes - Income Tax Reconciliation (Details), Income Taxes - Provision For Income Taxes (Details), Inventory And Inventory Valuation (Tables), Inventory And Inventory Valuation - Schedule Of Inventory, Current (Details), Leases - Schedule Of Lease Assets And Liabilities (Details), Leases - Terms And Interest Rates (Details), Net Loss Per Share - Antidilutive Securities (Details), Net Loss Per Share - Basic And Diluted Earnings Per Share (Details), Presentation And Nature Of Operations (Details), Property, Plant, And Equipment, Net (Tables), Property, Plant, And Equipment, Net - Narrative (Details), Property, Plant, And Equipment, Net - Schedule Of Property, Plant, And Equipment (Details), Related Party Transactions - Narrative (Details), Stock-Based Compensation - Fair Value Assumptions (Details), Stock-Based Compensation - Narrative (Details), Stock-Based Compensation - Schedule Of Stock-Based Compensation Expense (Details), Stock-Based Compensation - Share-Based Payment Arrangement, Activity (Details), Stockholders??? On which exchange is Rivian listed and what is the ticker symbol? Move Control L. Move The R1 technology systems include vehicle electronics, battery, electric drive, chassis, Driver+, its advanced driver assistance system (ADAS), and digital user experience management. Achieving this requires real innovation, collaboration and stewardship. 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. Board of Directors. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. See here for a complete list of exchanges and delays. 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. 459,846 followers. 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??? Save my name, email, and website in this browser for the next time I comment. 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. Investors Leadership . Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Data is a real-time snapshot *Data is delayed at least 15 minutes. Reuters. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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 Motor Company is a global company based in Dearborn, Michigan. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. 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. The Company is engaged in designing, developing, and manufacturing EVs 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 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. All rights reserved. Got a confidential news tip? REGISTER HERE. Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivian's board of directors effective immediately. We cant find the page you're looking for. 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. 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. Ford has invested more than $820 million in Rivian over two fundraising rounds. High Resolution Photos Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Amazon.com (AMZN.O) and Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. Who is Rivians independent registered public accounting firm? When Ford said in March that English would join Ford's board, its press release identified her as the No. Largely unknown outside of automotive circles . Harald Kroeger has resigned as a member of the Rivian Automotive, Inc. Board of Directors (the "Board"), effective December 20, 2022. 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. 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 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. It also offers FleetOS, a centralized fleet management subscription platform. 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. 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. Rivian has 48 current employee profiles, including Chief Executive Officer Robert J. Scaringe. 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. Rivian Jan 2021 - Present 2 years 2 months. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. 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. She is currently the director of corporate strategy at Ford and Executive Chairman Bill Ford Jr.s daughter. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. 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. Does Rivian pay dividends and have a dividend reinvestment program? She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. 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)? Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Through its RCV platform, it designed and engineered Electric Delivery Van (EDV) in collaboration with Amazon. "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.". 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