A slow-rolling startup, Rivian was founded in 2009 and began to develop an electric sports coupe, much like Tesla's Roadster, Scaringe admits. Description Rivian Automotive Inc. Cl A Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. ", 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. Let us know, wed love to hear your voice. RIVIAN AUTOMOTIVE, INC. : Shareholders Board Members Managers and Company Profile | US76954A1034 | MarketScreener Log in Sign up Markets News Analysis Our Shows Stock Picks Portfolios Watchlists Rankings Screeners Tools Our Services Amazon.comand Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. Like what you see? But last March it halved that target to 25,000 amid. The announcement is effective May 1 st, 2020. 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. TheDetroitBureau doesnt stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting. You must contactmedia@ford.comto obtain approval for advertising, marketing or other commercial users. 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Sign up for free newsletters and get more CNBC delivered to your inbox. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The company, renamed Rivian, started with a small crew and an original plan to build a mid-engine hybrid sports car. Chief Executive Officer. 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. As for who owns it Rivian owns Rivian. The move higher materialized as hype over electric vehicles continues to push auto stocks higher. You can obtain Rivians investor relations material in the Investors section of our website. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Rivian is one of the most hyped IPOs in recent history. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. Its current valuation prices in many years of success that. 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. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. 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. Equity - Fair Value Assumptions (Details), Stockholders??? A Division of NBCUniversal. Enter your email below and we'll send a link to help you access your account. 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 We'll keep you updated, but that's a very fundamental bet.". DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . Amazon worked closely with Rivian to design the delivery vans being assembled at the Rivian plant in Normal. 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. 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. Ford Motor Company is a global company based in Dearborn, Michigan. See here for a complete list of exchanges and delays. Ford also had a representative on the Rivian board of directors but that ended prior to the company going public. 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. The startup also has a contract to make 100,000 electric delivery vans for Amazon Prime and will expand to fill fleet orders for others. |, Alexandra Ford English to Join Rivians Board of Directors. 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. 2023 CNBC LLC. 1mo. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. 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. 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. 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. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. ". Rivianwill launch its products in the US in 2021, with introduction to international markets following. 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. In addition to these investments, Ford plans to develop a new vehicle using Rivians flexible skateboard platform. 2 U.S. automaker's representative on Rivian's board. 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. 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.. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). Rivian and Ford Motor Company have announced that Alexandra Ford English will join Rivian's board of directors. 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. Schuster is also a member of the LMC Automotive board of directors. 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. Achieving this requires real innovation, collaboration and stewardship. Ford Family Member Named to Board of EV Startup Rivian. 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. She is currently the director of corporate strategy at Ford and Executive Chairman Bill Ford Jr.s daughter. Shares can be purchased through a stockbroker of your choice. Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivian's board of directors effective immediately. 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. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. Ford is also supplying some components, engineering and tooling to Rivian. That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. How can I obtain Rivians investor relations materials? "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Alexandra Ford English is the newest member of the Rivian board of directors. In . It sells vehicles directly to customers in the consumer and commercial markets. Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. Where can I find more information on Rivians products. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. All quotes delayed a minimum of 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Who is Rivians independent registered public accounting firm? Chairman of the Board and Chief Executive Officer. Rivian Jan 2021 - Present 2 years 2 months. Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes. All quotes delayed a minimum of 15 minutes. Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. The company has numerous challenges ahead as it attempts to grow its business. Rivian is also building a charging network that includes off-road locations to plug in. Rivian priced its initial public offering on November 9, 2021 and began trading on Nasdaq on November 10, 2021. 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.". Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. Largely unknown outside of automotive circles . Download size exceeds 350 MB. At the time English was added, Rivian Chief Executive. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . Ford vice president Doug Power replaced English in June, and left the board in September. At Rivian, were committed to showing that a successful business can also be good for the planet. It also offers FleetOS, a centralized fleet management subscription platform. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Rivian Automotive, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. ( TSLA ). Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 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. None of the information on this page has been provided or approved by Rivian. RJ Scaringe; Pamela Thomas-Graham; Karen Boone; Sanford Schwartz; English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. High Resolution Photos Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. We'll keep you updated, but that's a very fundamental bet.". Could we see a return of the F100, maybe the eF100, F100e. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. You must contact media@ford.com to obtain approval for advertising, marketing or other commercial uses. 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. Come along for a virtual tour of our state-of-the-art manufacturing facility in Normal, Illinois. Rivian has 48 current employee profiles, including Chief Executive Officer Robert J. Scaringe. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. TO VIEW CONTACT DETAILS PLEASE The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The company was. 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. . The CEO also wants a second plant to meet forecasted demand. 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. 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. Another investor is Cox Enterprises which is also collaborating with Rivian on digital retailing, service and logistics. Does Rivian pay dividends and have a dividend reinvestment program? Michael Martinez. Your email address will not be published. Riviandevelops vehicles, technology and services that inspire people to get out and explore the world. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Copyright 2023 Surperformance. And Rivian went public on Nov. 10, 2021. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. 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. [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 Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. Delayed Nasdaq 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. Please select less number of photos for download. Please select individual photos within album for download. BUTTERFIELD & SON LIMITED, EVP-Engineering, Product Development & Programs, Chief Financial Officer, Senior VP & Controller, T. Rowe Price Associates, Inc. (Investment Management), Capital Research & Management Co. (Global Investors), Rivian plans to produce 62,000 vehicles this year - Bloomberg News. 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. It was also to be built by Rivian at the Normal plant. 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. read more. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Our Standards: The Thomson Reuters Trust Principles. Photo: Ford. (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). Ford's vested interest included initial plans to have Rivian make an electric SUV for the Lincoln brand. More information is available atrivian.com. 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 continue to see enormous growth and progress in every . But within a couple years, that plan was shelved. 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. 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. 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. Amazon.com (AMZN.O) and Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. If you typed the URL into your browser, check that you entered it correctly. See here for a complete list of exchanges and delays. Have some ideas for making The Detroit Bureau.com even better? 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. The industry leader for online information for tax, accounting and finance professionals. See here for a complete list of exchanges and delays. The luxury SUV would have used Rivian's skateboard EV chassis with a "top hat" designed by Lincoln. 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. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. All rights reserved. REUTERS/Mike Blake. 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. It's a strategic investment. 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. LOGIN OR Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV).