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. October 13, 2021 11:45 AM. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. We want to hear from you. 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 . 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. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Does Rivian pay dividends and have a dividend reinvestment program? Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. [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. 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Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. Alexandra Ford English is the newest member of the Rivian board of directors. home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. Where can I find recent Rivians press releases? Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. 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. . All quotes delayed a minimum of 15 minutes. 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.. 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. REGISTER HERE. 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 Ford has invested more than $820 million in Rivian over two fundraising rounds. Member of the Board of Directors Patagonia Mar 2013 - . Its current valuation prices in many years of success that. Ford Motor Company is a global company based in Dearborn, Michigan. Board Member, Advisor, and Former CEO of Patagonia, Inc. . Description Rivian Automotive Inc. Cl A Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. Rivian and Ford Motor Company have announced that Alexandra Ford English will join Rivian's board of directors. We'll keep you updated, but that's a very fundamental bet.". Enter your email below and we'll send a link to help you access your account. On which exchange is Rivian listed and what is the ticker symbol? 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. Last year, the company invested $500 million in Rivian, saying it would develop a new vehicle with the EV maker. In . 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.". The announcement is effective May 1 st, 2020. DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . Images, video and audio from this Web site are provided without login for the purpose of editorial use only. Rivian priced its initial public offering on November 9, 2021 and began trading on Nasdaq on November 10, 2021. Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes. 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. The move higher materialized as hype over electric vehicles continues to push auto stocks higher. 2 U.S. automaker's representative on Rivian's board. 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. Amazon.com (AMZN.O) and Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. $16.92 (7.63%) $1.20 RJ Scaringe; Pamela Thomas-Graham; Karen Boone; Sanford Schwartz; Sponsored. 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. 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. Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. 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. 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. (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). United States | English No. Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. 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). 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. 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. You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. It's not a transactional investment. Rivian Automotive, Inc. is a manufacturer of electric vehicles (EV). At the time English was added, Rivian Chief Executive. It went public on the Nasdaq on Nov. 10, 2021 at an IPO price of $78.00, raising nearly $12 billion. 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. 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 Jan 2021 - Present 2 years 2 months. Sorry, your email address is not recognized. 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. 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. It's a strategic investment. Required fields are marked *. 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. 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. Rivianwill launch its products in the US in 2021, with introduction to international markets following. 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. 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. None of the information on this page has been provided or approved by 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. 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 Chief Executive Officer. All quotes delayed a minimum of 15 minutes. You can obtain Rivians investor relations material in the Investors section of our website. Check out the weeks top story and our latest reviewalong with a dive into the past with this week in automotive history. You can view Rivians products by visitingrivian.com.

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