When Rivian Automotive ( RIVN -4.73%) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The company was. 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. 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. 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. Alexandra Ford English Joins Rivian Board of Directors But last March it halved that target to 25,000 amid. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. 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 . 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. read more. ", When Ford said in March that English would join Ford's board, its press release identified her as the No. Sponsored. The Company is engaged in designing, developing, and manufacturing EVs and accessories. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. 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. Sign up for our newsletter and receive the latest automotive news in your inbox! The data presented on this page does not represent the view of Rivian and its employees or that of Zippia. 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. Come along for a virtual tour of our state-of-the-art manufacturing facility in Normal, Illinois. Download size exceeds 350 MB. 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. Rivian priced its initial public offering on November 9, 2021 and began trading on Nasdaq on November 10, 2021. Low Resolution Photos. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Get the latest business insights from Dun & Bradstreet. 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. 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 is a strategic investment and we're still exploring ways for potential collaboration with them. If you typed the URL into your browser, check that you entered it correctly. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. All rights reserved. And Rivian went public on Nov. 10, 2021. 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. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. See here for a complete list of exchanges and delays. The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. All quotes delayed a minimum of 15 minutes. Rivian and Ford Motor Company have announced that Alexandra Ford English will join Rivian's board of directors. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. You must contactmedia@ford.comto obtain approval for advertising, marketing or other commercial users. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. . Schuster is also a member of the LMC Automotive board of directors. 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. Get this delivered to your inbox, and more info about our products and services. 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. But within a couple years, that plan was shelved. 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. REGISTER HERE. Board of Directors - Society of Automotive Analysts Michael Martinez. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Rivian Jan 2021 - Present 2 years 2 months. LOGIN OR Alexandra Ford English To Join Rivian's Board Of Directors Ford is also supplying some components, engineering and tooling to Rivian. 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. 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. ". DEARBORN, Mich., May 1, 2020 Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivians board of directors effective immediately. Ford Stock Price Extends Surge After Rivian's Big Capital Raise 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. Images, video and audio from this Web site are provided without login for the purpose of editorial use only. 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. 459,846 followers. 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. Board Member, Advisor, and Former CEO of Patagonia, Inc. . Ford made an initial equity investment of $500 million in Rivian in April 2019, and an additional equity investment in December 2019. RIVIAN AUTOMOTIVE, INC. / DE : Change in Directors or Principal Through its RCV platform, it designed and engineered Electric Delivery Van (EDV) in collaboration with Amazon. Save my name, email, and website in this browser for the next time I comment. You can view our recent press releases by visitingour Newsroom. Rivian Automotive, Inc. Elects Harald Kroeger to Serve as Class II Director 08/11/2022 | 05:26pm EST On August 8, 2022, the Board of Directors of Rivian Automotive, Inc. expanded the size of the Board and elected Harald Kroeger to serve as a Class II director of the Company, effective immediately. Achieving this requires real innovation, collaboration and stewardship. Like what you see? [5] At that time the SLR became the highest volume carbon based car ever produced. |, Alexandra Ford English to Join Rivians Board of Directors. Investor Relations - Rivian 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. Move Control L. Move Ford executive exits Rivian board as EV maker prepares to go public - CNBC 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. 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. TO VIEW CONTACT DETAILS PLEASE What is Rivian? - Investopedia Board of Directors Audit Committee Nominating & Governance Compensation Planet & Policy. None of the information on this page has been provided or approved by Rivian. Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. Download size exceeds 350 MB. RIVN. ATLANTA - March 1, 2023 - Today, Governor Brian P. Kemp and First Lady Marty Kemp, along with Rivian founder and CEO RJ Scaringe, joined Lt. Shares can be purchased through a stockbroker of your choice. 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. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. All quotes delayed a minimum of 15 minutes. At the time English was added, Rivian Chief Executive. 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. It's a strategic investment. Rivian Is Pumping the Brakes on Spending and Production Growth. That's That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. On . Chairman of the Board and Chief Executive Officer.