EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. 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. And he wants Rivian to make battery systems and drivetrains in-house. 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.. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Enter your email below and we'll send a link to help you access your account. Riviandevelops vehicles, technology and services that inspire people to get out and explore the world. Download size exceeds 350 MB. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. But last March it halved that target to 25,000 amid. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). 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. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. Schuster is also a member of the LMC Automotive board of directors. If you typed the URL into your browser, check that you entered it correctly. Michael Martinez. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. Editor's note: This story has been updated to clarify that Ford . Rivian stands by 2023 production target despite media report, Volkswagen's Scout to build $2 bln plant in South Carolina, VinFast delivers first 45 cars in US market, EV maker Polestar's Q4 loss narrows, won't engage in price wars, Alphabet's Waymo cuts more than 100 jobs in second round of layoffs, EV startups from Lucid to Rivian see demand fade, supply chain issues linger, Rivian shares fall as supply chain snarls hamper production forecast, Fisker pacifies investors with higher orders; keeps 2023 production target, Exclusive news, data and analytics for financial market professionals. None of the information on this page has been provided or approved by Rivian. 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. Please select individual photos within album for download. She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . You must [email protected] obtain approval for advertising, marketing or other commercial users. High Resolution Photos Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). The move higher materialized as hype over electric vehicles continues to push auto stocks higher. The CEO also wants a second plant to meet forecasted demand. 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. Board Member, Advisor, and Former CEO of Patagonia, Inc. . English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. The data presented on this page does not represent the view of Rivian and its employees or that of Zippia. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. We continue to see enormous growth and progress in every . 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. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Photo: Ford. Ford made an initial equity investment of $500 million in Rivian in April 2019, and an additional equity investment in December 2019. United States | English ", When Ford said in March that English would join Ford's board, its press release identified her as the No. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Your email address will not be published. LOGIN OR Got a confidential news tip? The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. May 1, 2020. Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. We'll keep you updated, but that's a very fundamental bet.". 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, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. ( TSLA ). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We promise not to spam you. Where can I find more information on Rivians products. Where can I find recent Rivians press releases? 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. Amazon.com (AMZN.O) and Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. 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. Our Standards: The Thomson Reuters Trust Principles. English joined Ford Motor Company in 2017. 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 When Ford said in March that English would join Ford's board, its press release identified her as the No. R.J. Scaringe, Rivian's 35-year-old CEO, introduces his company's R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. exit from Rivian's board was in anticipation of that. The Company is engaged in designing, developing, and manufacturing EVs and accessories. 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. 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. Delayed Nasdaq 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. 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. You can unsubscribe at any time. 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 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. Who are the members of Rivians Board of Directors? Achieving this requires real innovation, collaboration and stewardship. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. A Division of NBCUniversal. Rivian. 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. 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. 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. Does Rivian pay dividends and have a dividend reinvestment program? For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com. Ford has invested more than $820 million in Rivian over two fundraising rounds. Rivian has 48 current employee profiles, including Chief Executive Officer Robert J. Scaringe. 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. 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 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. As head of the World Food Program, which was . Rivian has been hogging headlines. See here for a complete list of exchanges and delays. English is director of Corporate Strategy for Ford Motor Company, responsible for the companys enterprise strategy and connectivity and digital network strategy. Sponsored. See here for a complete list of exchanges and delays. 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. 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. 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. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Ford vice president Doug Power replaced English in June, and left the board in September. The company's . May 01, 2020 10:10 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. As for who owns itRivian owns 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. Save my name, email, and website in this browser for the next time I comment. At the time English was added, Rivian Chief Executive. 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. Heres the original story.). Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. Ford Family Member Named to Board of EV Startup Rivian. 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. 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. It sells vehicles directly to customers in the consumer and commercial markets. 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. Rivian is one of the most hyped IPOs in recent history. 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 October 13, 2021 11:45 AM. Skip To Main. Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. The company has numerous challenges ahead as it attempts to grow its business. Ford soared as much as 12% on Thursday, extending its three-day surge to more than 23%. Reuters. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. It's a strategic investment. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. TheDetroitBureau doesnt stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting. All rights reserved. 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. 2 U.S. automaker's representative on Rivian's board. Board Member Meati Foods . Prior to Twitter, Anthony served for almost four years as co-head of global TMT 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. 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. Equity - Fair Value Assumptions (Details), Stockholders??? As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . 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. 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. 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. 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. 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. It's a strategic investment. Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. 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. 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. A slow-rolling startup, Rivian was founded in 2009 and began to develop an electric sports coupe, much like Tesla's Roadster, Scaringe admits. Ford Motor Company announced earlier this month that Alexandra Ford English the daughter of executive . 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. Select a location. 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. Rivians independent registered public accounting firm is KPMG LLP. Have some ideas for making The Detroit Bureau.com even better? Global Business and Financial News, Stock Quotes, and Market Data and Analysis. See here for a complete list of exchanges and delays. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . 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. 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. . Copyright 2023 Surperformance. [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. Its current valuation prices in many years of success that. D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . Ford vice president Doug Power replaced English in June, and left the board in September. Check out the weeks top story and our latest reviewalong with a dive into the past with this week in automotive history. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. On . read more. |, Alexandra Ford English to Join Rivians Board of Directors. ATLANTA - March 1, 2023 - Today, Governor Brian P. Kemp and First Lady Marty Kemp, along with Rivian founder and CEO RJ Scaringe, joined Lt. See here for a complete list of exchanges and delays. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. ". Driving Cadillacs in Our Dreams: What Do the Rich Drive? That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. 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. Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021.
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