Equity - Fair Value Assumptions (Details), Stockholders??? Board Member, Advisor, and Former CEO of Patagonia, Inc. . Download size exceeds 350 MB. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. And by offering products and services that inspire people to explore and enjoy our world, we hope to also inspire them to want to protect it. Rivian has been hogging headlines. DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . 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 Jan 2021 - Present 2 years 2 months. 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. Ford has invested more than $820 million in Rivian over two fundraising rounds. As head of the World Food Program, which was . It sells vehicles directly to customers in the consumer and commercial markets. DEARBORN, Mich., May 1, 2020 Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivians board of directors effective immediately. When Ford said in March that English would join Ford's board, its press release identified her as the No. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. May 01, 2020 Rivian and Ford Motor Co. announced that Alexandra Ford English will join Rivian's board of directors effective immediately. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. Rivian Automotive. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. 2 U.S. automaker's representative on Rivian's board. The R1 technology systems include vehicle electronics, battery, electric drive, chassis, Driver+, its advanced driver assistance system (ADAS), and digital user experience management. 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 Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. Rivians independent registered public accounting firm is KPMG LLP. 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. Chief Executive Officer. English is director of Corporate Strategy for . Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. English currently serves as Ford Motor Company's director of Corporate Strategy. Please select individual photos within album for download. Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. Who is Rivians independent registered public accounting firm? Could we see a return of the F100, maybe the eF100, F100e. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). 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 . 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. D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . We want to hear from you. Alexandra Ford English is the newest member of the Rivian board of directors. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Sorry, your email address is not recognized. 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. . 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. Largely unknown outside of automotive circles . 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. Editor's note: This story has been updated to clarify that Ford . Ford is also supplying some components, engineering and tooling to Rivian. As for who owns itRivian owns Rivian. REUTERS/Mike Blake. Chairman of the Board of Directors . You can view our recent press releases by visitingour Newsroom. Images, video and audio from this Web site are provided without login for the purpose of editorial use only. In the commercial market, it offers Rivian Commercial Vehicle (RCV) platform. On . 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. ". Press ReleaseProduction & DeliveryShareholder LetterWebcast. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. All quotes delayed a minimum of 15 minutes. In addition to these investments, Ford plans to develop a new vehicle using Rivians flexible skateboard platform. Schuster is also a member of the LMC Automotive board of directors. 1mo. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Your email address will not be published. Ford Motor Company announced earlier this month that Alexandra Ford English the daughter of executive . 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. You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. 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. The luxury SUV would have used Rivian's skateboard EV chassis with a "top hat" designed by Lincoln. The industry leader for online information for tax, accounting and finance professionals. 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. You can view Rivians products by visitingrivian.com. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. 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. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . 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. On which exchange is Rivian listed and what is the ticker symbol? It's a strategic investment. REGISTER HERE. 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. 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. 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. Last year, the company invested $500 million in Rivian, saying it would develop a new vehicle with the EV maker. LOGIN OR In . Download size exceeds 350 MB. See here for a complete list of exchanges and delays. Board of Directors Audit Committee Nominating & Governance Compensation Planet & Policy. Rivian may also be known as or be related to Rivian, Rivian Automotive, Rivian Automotive, Inc. and Rivian Automotive, LLC. That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. All SEC filings can also be accessed directly from the SEC website atsec.gov. 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. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. 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. Low Resolution Photos. Data is a real-time snapshot *Data is delayed at least 15 minutes. And he wants Rivian to make battery systems and drivetrains in-house. Amazon owns about 20 percent of Rivian. ATLANTA - March 1, 2023 - Today, Governor Brian P. Kemp and First Lady Marty Kemp, along with Rivian founder and CEO RJ Scaringe, joined Lt. Rivian is based in Southern California with additional center of gravity offices in Northern California, Michigan, Arizona, Vancouver, the Netherlands and the United Kingdom. Driving Cadillacs in Our Dreams: What Do the Rich Drive? 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. Get this delivered to your inbox, and more info about our products and services. the 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. [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. 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 . 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. 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. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. See here for a complete list of exchanges and delays. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. 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. Another investor is Cox Enterprises which is also collaborating with Rivian on digital retailing, service and logistics. 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 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. Chairman of the Board and Chief Executive Officer. Investors Leadership . Have some ideas for making The Detroit Bureau.com even better? 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. Rivian has 48 current employee profiles, including Chief Executive Officer Robert J. Scaringe. home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. Riviandevelops vehicles, technology and services that inspire people to get out and explore the world. 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. Prior to Twitter, Anthony served for almost four years as co-head of global TMT investment . -, Rivian stands by 2023 production target despite media report, Rivian Automotive Reportedly Plans to Produce 62,000 EVs This Year, Rivian Automotive Says 62,000 Electric Vehicles' Production Possible in 2023, THE BANK OF N.T. RJ Scaringe; Pamela Thomas-Graham; Karen Boone; Sanford Schwartz; English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. 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. 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 All rights reserved. Rivian is following Tesla's model of direct sales instead of traditional dealerships. More information is available atrivian.com. 459,846 followers. How can I obtain Rivians investor relations materials? Get the latest business insights from Dun & Bradstreet. The CEO also wants a second plant to meet forecasted demand. High Resolution Photos Ford made an initial equity investment of $500 million in Rivian in April 2019, and an additional equity investment in December 2019. 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. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. 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. 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. ", When Ford said in March that English would join Ford's board, its press release identified her as the No. 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. A slow-rolling startup, Rivian was founded in 2009 and began to develop an electric sports coupe, much like Tesla's Roadster, Scaringe admits. Board of Directors. (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). You can obtain Rivians investor relations material in the Investors section of our website. Ford vice president Doug Power replaced English in June, and left the board in September. Shares can be purchased through a stockbroker of your choice. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. 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. See here for a complete list of exchanges and delays. 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. 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. 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. At Rivian, were committed to showing that a successful business can also be good for the planet. All Rights Reserved. Enter your email below and we'll send a link to help you access your account. 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. Alexandra Ford English. Anthony is the CEO of SoFi and serves on its board of directors. (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??? Your email address will not be published. May 1, 2020. Move Control L. Move Sponsored. 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. 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. 2023 CNBC LLC. The announcement is effective May 1 st, 2020. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. United States | English Instructions on how to reset your password have been sent to the email you entered. $16.92 (7.63%) $1.20 EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. Amazon worked closely with Rivian to design the delivery vans being assembled at the Rivian plant in Normal. Through its RCV platform, it designed and engineered Electric Delivery Van (EDV) in collaboration with Amazon. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. 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. 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. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . 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. 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. 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. Skip To Main. Ford soared as much as 12% on Thursday, extending its three-day surge to more than 23%. 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. 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). Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Where can I find recent Rivians press releases? 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. Board Member Meati Foods . The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Ford vice president Doug Power replaced English in June, and left the board in September. 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. Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021.

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