The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. A Division of NBCUniversal. Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes. No. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Rivian is based in Southern California with additional center of gravity offices in Northern California, Michigan, Arizona, Vancouver, the Netherlands and the United Kingdom. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. But last March it halved that target to 25,000 amid. Select a location. The chief executive of Saudi Arabian state oil company Aramco will not attend an energy conference organized by S&P Global next week, the event's updated schedule showed. ". At Rivian, were committed to showing that a successful business can also be good for the planet. 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 had originally planned to spend $2.6 billion for growth investments in 2022. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Rivian is following Tesla's model of direct sales instead of traditional dealerships. 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. We continue to see enormous growth and progress in every . 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.". 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. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. United States | English Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. 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 . Chairman of the Board of Directors . Ford Planning Big Production Increases for Key Gas, Hybrid, Electric Models, VWs Scout Brand May Bring Two Plants to North America. icon-branding Events Icon Your email address will not be published. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. Ford has invested more than $820 million in Rivian over two fundraising rounds. 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. Sponsored. You must contactmedia@ford.comto obtain approval for advertising, marketing or other commercial users. May 1, 2020. 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. Alexandra Ford English. October 13, 2021 11:45 AM. 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. All quotes delayed a minimum of 15 minutes. DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . 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. On . Please wait while we load the requested 10-K report or click the link below: https://last10k.com/sec-filings/report/1874178/000187417823000009/rivn-20221231.htm. See here for a complete list of exchanges and delays. LOGIN OR English currently serves as Ford Motor Company's director of Corporate Strategy. Member of the Board of Directors Patagonia Mar 2013 - . Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. 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. Editor's note: This story has been updated to clarify that Ford . We cant find the page you're looking for. The industry leader for online information for tax, accounting and finance professionals. REGISTER HERE. Our Standards: The Thomson Reuters Trust Principles. None of the information on this page has been provided or approved by Rivian. RJ Scaringe; Pamela Thomas-Graham; Karen Boone; Sanford Schwartz; 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. As for who owns it Rivian owns Rivian. 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. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . Heres the original story.). [5] At that time the SLR became the highest volume carbon based car ever produced. 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. (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??? Rivianis accepting preorders on its R1T and R1S. EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. Check out the weeks top story and our latest reviewalong with a dive into the past with this week in automotive history. 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. See here for a complete list of exchanges and delays. read more. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). You can obtain Rivians investor relations material in the Investors section of our website. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. A slow-rolling startup, Rivian was founded in 2009 and began to develop an electric sports coupe, much like Tesla's Roadster, Scaringe admits. The company's . It provides Rivian Commercial Vehicle platform for Electric Delivery Van with collaboration with Amazon.com, Inc. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Chairman of the Board and Chief Executive Officer. The CEO also wants a second plant to meet forecasted demand. 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 Rivian Automotive, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. ( TSLA ). Content tailored to your personal preferences, Favorite content saved within your briefcase, Media advisories, newsletters, and email alerts and PR contact information. Michael Martinez. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. Ford made an initial equity investment of $500 million in Rivian in April 2019, and an additional equity investment in December 2019. 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. Board Member Meati Foods . You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. Sorry, your email address is not recognized. 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. 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. 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. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Rivian is one of the most hyped IPOs in recent history. Ford is also supplying some components, engineering and tooling to Rivian. 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. 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. Get the latest business insights from Dun & Bradstreet. Ford's vested interest included initial plans to have Rivian make an electric SUV for the Lincoln brand. Copyright 2023 Surperformance. Ford employs approximately 188,000 people worldwide. As head of the World Food Program, which was . Please select individual photos within album for download. For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com. Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. If you typed the URL into your browser, check that you entered it correctly. QUESTIONS AND ANSWERS ABOUT THE 2022 ANNUAL MEETING OF STOCKHOLDERS, Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm, INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FEES AND OTHER MATTERS, Board Leadership Structure and Role in Risk Oversight, Attendance by Members of the Board of Directors at Meetings, COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS, SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT, CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS. You can view our recent press releases by visitingour Newsroom. Rivian. (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. read more. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. Who are the members of Rivians Board of Directors? English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Your email address will not be published. Last year, the company invested $500 million in Rivian, saying it would develop a new vehicle with the EV maker. Got a confidential news tip? Harald Kroeger has resigned as a member of the Rivian Automotive, Inc. Board of Directors (the "Board"), effective December 20, 2022. 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). Could we see a return of the F100, maybe the eF100, F100e. We want to hear from you. 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. 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 . 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. Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. 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. 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. TO VIEW CONTACT DETAILS PLEASE Have some ideas for making The Detroit Bureau.com even better? The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. Board of Directors Audit Committee Nominating & Governance Compensation Planet & Policy. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Get this delivered to your inbox, and more info about our products and services. See here for a complete list of exchanges and delays. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Enter your email below and we'll send a link to help you access your account. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information All Rights Reserved. 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. ", When Ford said in March that English would join Ford's board, its press release identified her as the No. It's a strategic investment. 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. |, Alexandra Ford English to Join Rivians Board of Directors. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). Images, video and audio from this Web site are provided without login for the purpose of editorial use only. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . The luxury SUV would have used Rivian's skateboard EV chassis with a "top hat" designed by Lincoln. It went public on the Nasdaq on Nov. 10, 2021 at an IPO price of $78.00, raising nearly $12 billion. 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. 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. 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. Board of Directors. That by exploring more responsibly today, we can preserve the environment for the generations that come after us. 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. 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. 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. When Rivian Automotive ( RIVN -4.73%) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022. In May, Ford chief product platform and operations officer Hau Thai-Tang called Rivian a strategic partner and said Ford was still looking at using Rivian's products. Board Member, Advisor, and Former CEO of Patagonia, Inc. . May 01, 2020 10:10 AM. 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. 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. RIVN. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. Alexandra Ford English is the newest member of the Rivian board of directors. May 01, 2020 Rivian and Ford Motor Co. announced that Alexandra Ford English will join Rivian's board of directors effective immediately. Rivian may also be known as or be related to Rivian, Rivian Automotive, Rivian Automotive, Inc. and Rivian Automotive, LLC. English joined Ford Motor Company in 2017. 2 U.S. automaker's representative on Rivian's board. All SEC filings can also be accessed directly from the SEC website atsec.gov. Where can I find recent Rivians press releases? In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. Please select less number of photos for download. 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.. Photo: Ford. The announcement is effective May 1 st, 2020. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. She is currently the director of corporate strategy at Ford and Executive Chairman Bill Ford Jr.s daughter. [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. It's not a transactional investment. It sells vehicles directly to customers in the consumer and commercial markets. 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.
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