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 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. Sign up for our newsletter and receive the latest automotive news in your inbox! See here for a complete list of exchanges and delays. Ford soared as much as 12% on Thursday, extending its three-day surge to more than 23%. English is director of Corporate Strategy for Ford Motor Company, responsible for the companys enterprise strategy and connectivity and digital network strategy. 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 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. 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. Alexandra Ford English. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. Check out the weeks top story and our latest reviewalong with a dive into the past with this week in automotive history. As head of the World Food Program, which was . Ford Motor Company is a global company based in Dearborn, Michigan. We'll keep you updated, but that's a very fundamental bet.". 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The CEO also wants a second plant to meet forecasted demand. 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. . icon-branding Events Icon The announcement is effective May 1 st, 2020. Sign up for free newsletters and get more CNBC delivered to your inbox. It's not a transactional investment. 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. You must contact [email protected] to obtain approval for advertising, marketing or other commercial uses. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. 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. read more. Sponsored. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. Editor's note: This story has been updated to clarify that Ford . Ford's vested interest included initial plans to have Rivian make an electric SUV for the Lincoln brand. 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. Move Control L. Move "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. The company was. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Achieving this requires real innovation, collaboration and stewardship. English joined Ford Motor Company in 2017. 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. See here for a complete list of exchanges and delays. It sells vehicles directly to customers in the consumer and commercial markets. Board Member, Advisor, and Former CEO of Patagonia, Inc. . All Rights Reserved. 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. Riviandevelops vehicles, technology and services that inspire people to get out and explore the world. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Ford Planning Big Production Increases for Key Gas, Hybrid, Electric Models, VWs Scout Brand May Bring Two Plants to North America. Chairman of the Board and Chief Executive Officer. She is currently the director of corporate strategy at Ford and Executive Chairman Bill Ford Jr.s daughter. 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 . 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. Get this delivered to your inbox, and more info about our products and 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. It's not a transactional investment. The following description of the capital stock of Rivian Automotive, Inc. (the "Company," "we," "us," and "our") and certain provisions of our amended and restated certificate of incorporation, as amended from time to time (the "amended and restated certificate of incorporation") and amended and restated bylaws, as amended from time to time (the "amended and restated . 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. 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. Chairman of the Board of Directors . Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. 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. Come along for a virtual tour of our state-of-the-art manufacturing facility in Normal, Illinois. We cant find the page you're looking for. Chief Executive Officer. 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. Largely unknown outside of automotive circles . 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. -, 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. Board of Directors. It also offers FleetOS, a centralized fleet management subscription platform. ". Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . 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. Rivian and Ford Motor Company have announced that Alexandra Ford English will join Rivian's board of directors. Last year, the company invested $500 million in Rivian, saying it would develop a new vehicle with the EV maker. EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. The stock opened at $106.75, above the initial public offering price of $78 per share, rose as high as $119 and closed at $100.73. Download size exceeds 350 MB. 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 . Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). May 1, 2020. 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. Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. 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 joined Ford Motor Co. in 2017. 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. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. All quotes delayed a minimum of 15 minutes. 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. Got a confidential news tip? 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 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. 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. Ford also had a representative on the Rivian board of directors but that ended prior to the company going public. The move higher materialized as hype over electric vehicles continues to push auto stocks higher. You can view Rivians products by visitingrivian.com. Another investor is Cox Enterprises which is also collaborating with Rivian on digital retailing, service and logistics. That by exploring more responsibly today, we can preserve the environment for the generations that come after us. Your email address will not be published. Images, video and audio from this Web site are provided without login for the purpose of editorial use only. Like what you see? Amazon owns about 20 percent of Rivian. In addition to these investments, Ford plans to develop a new vehicle using Rivians flexible skateboard platform. 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. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. Low Resolution Photos. 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 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 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. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. Ford Family Member Named to Board of EV Startup Rivian. All SEC filings can also be accessed directly from the SEC website atsec.gov. 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. It went public on the Nasdaq on Nov. 10, 2021 at an IPO price of $78.00, raising nearly $12 billion. Alexandra Ford English is the newest member of the Rivian board of directors. 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 Automotive. As for who owns it Rivian owns Rivian. Rivian VP of Manufacturing Tim Fallon recently shared this look back at 2022, and a view ahead at 2023. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We promise not to spam you. Your email address will not be published. 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. On . Rivian Automotive, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. ( TSLA ). All quotes delayed a minimum of 15 minutes. Ford vice president Doug Power replaced English in June, and left the board in September. 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. Rivians independent registered public accounting firm is KPMG LLP. Our Standards: The Thomson Reuters Trust Principles. All rights reserved. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. BEN KLAYMAN. 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. English is director of Corporate Strategy for . English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Rivian is following Tesla's model of direct sales instead of traditional dealerships. 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. Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. 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. October 13, 2021 11:45 AM. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Rivian is also building a charging network that includes off-road locations to plug in. Rivian is based in Southern California with additional center of gravity offices in Northern California, Michigan, Arizona, Vancouver, the Netherlands and the United Kingdom. Sorry, your email address is not recognized. Equity - Fair Value Assumptions (Details), Stockholders??? 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. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Amazon.com (AMZN.O) and Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. Content tailored to your personal preferences, Favorite content saved within your briefcase, Media advisories, newsletters, and email alerts and PR contact information. (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. Ford vice president Doug Power replaced English in June, and left the board in September. Copyright 2023 Surperformance. $16.92 (7.63%) $1.20 Data is a real-time snapshot *Data is delayed at least 15 minutes. It's a strategic investment. Ford is also supplying some components, engineering and tooling to Rivian. You can view our recent press releases by visitingour Newsroom. Get the latest business insights from Dun & Bradstreet. 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. Amazon.comand Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. 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. Rivianis accepting preorders on its R1T and R1S. REGISTER HERE. We continue to see enormous growth and progress in every . Board Member Meati Foods . 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. High Resolution Photos It was also to be built by Rivian at the Normal plant. 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. 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. Ford Motor Company announced earlier this month that Alexandra Ford English the daughter of executive . Delayed Nasdaq It's a strategic investment. Rivian may also be known as or be related to Rivian, Rivian Automotive, Rivian Automotive, Inc. and Rivian Automotive, LLC. United States | English Rivian has been hogging headlines. Rivian Sets Date for Release of Fourth Quarter and Full Year 2022 Results JANUARY 3, 2023 Rivian Produced 10,020 Vehicles in Q4 2022 NOVEMBER 9, 2022 Rivian Releases Third Quarter 2022 Financial Results Leadership & Governance SEC Filings By The Numbers R1 preorders as of Nov. 7, 2022 ~114,000 Initial Amazon EDV order 100,000 RIVIAN 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. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. 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. 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. Required fields are marked *. 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. 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. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. 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. RJ Scaringe; Pamela Thomas-Graham; Karen Boone; Sanford Schwartz; (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??? Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). 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. Save my name, email, and website in this browser for the next time I comment. Rivian has 48 current employee profiles, including Chief Executive Officer Robert J. Scaringe. [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. home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. At Rivian, were committed to showing that a successful business can also be good for the planet. When Rivian Automotive ( RIVN -4.73%) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022. The Company is engaged in designing, developing, and manufacturing EVs and accessories. On which exchange is Rivian listed and what is the ticker symbol? 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. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Does Rivian pay dividends and have a dividend reinvestment program? As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . We want to hear from you. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 2 U.S. automaker's representative on Rivian's board. The company's . Could we see a return of the F100, maybe the eF100, F100e. Shares can be purchased through a stockbroker of your choice. 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.