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. DEARBORN, Mich., May 1, 2020 Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivians board of directors effective immediately. Anthony is the CEO of SoFi and serves on its board of directors. And Rivian went public on Nov. 10, 2021. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. We want to hear from you. United States | English Select a location. May 1, 2020. She is currently the director of corporate strategy at Ford and Executive Chairman Bill Ford Jr.s daughter. 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. No. Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivian's board of directors effective immediately. English joined Ford Motor Company in 2017. The industry leader for online information for tax, accounting and finance professionals. 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. REGISTER HERE. Driving Cadillacs in Our Dreams: What Do the Rich Drive? The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. 2023 CNBC LLC. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Description Rivian Automotive Inc. Cl A Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. 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 EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. (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??? For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com. 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 Get this delivered to your inbox, and more info about our products and services. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. All Rights Reserved. Rivianwill launch its products in the US in 2021, with introduction to international markets following. Board Member Meati Foods . Its current valuation prices in many years of success that. But last March it halved that target to 25,000 amid. $16.92 (7.63%) $1.20 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. 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 . The company was. Come along for a virtual tour of our state-of-the-art manufacturing facility in Normal, Illinois. Our Standards: The Thomson Reuters Trust Principles. ", When Ford said in March that English would join Ford's board, its press release identified her as the No. 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. Rivian. As for who owns itRivian owns Rivian. We continue to see enormous growth and progress in every . Ford also had a representative on the Rivian board of directors but that ended prior to the company going public. Could we see a return of the F100, maybe the eF100, F100e. Alexandra Ford English is the newest member of the Rivian board of directors. Last year, the company invested $500 million in Rivian, saying it would develop a new vehicle with the EV maker. The company has numerous challenges ahead as it attempts to grow its business. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. The CEO also wants a second plant to meet forecasted demand. Data is a real-time snapshot *Data is delayed at least 15 minutes. English is director of Corporate Strategy for . The stock opened at $106.75, above the initial public offering price of $78 per share, rose as high as $119 and closed at $100.73. In the commercial market, it offers Rivian Commercial Vehicle (RCV) platform. icon-branding Events Icon 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. |, Alexandra Ford English to Join Rivians Board of Directors. You can view our recent press releases by visitingour Newsroom. The Company is engaged in designing, developing, and manufacturing EVs and accessories. Please select less number of photos for download. Ford is also supplying some components, engineering and tooling to Rivian. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. 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. 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. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. 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. 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. 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. Another investor is Cox Enterprises which is also collaborating with Rivian on digital retailing, service and logistics. 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. (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). Watch as Rivian founder and CEO RJ Scaringe walks you through each shop to explain how we're making progress in producing electric vehicles at scale. . 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. How can I obtain Rivians investor relations materials? Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. See here for a complete list of exchanges and delays. You must contact media@ford.com to obtain approval for advertising, marketing or other commercial uses. 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 declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. 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. You can obtain Rivians investor relations material in the Investors section of our website. Rivian Announces $350 Million Investment from Cox Automotive - Cox Automotive Inc. Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. 1mo. As for who owns it Rivian owns Rivian. It also offers FleetOS, a centralized fleet management subscription platform. On which exchange is Rivian listed and what is the ticker symbol? The announcement is effective May 1 st, 2020. 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. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Rivian is based in Southern California with additional center of gravity offices in Northern California, Michigan, Arizona, Vancouver, the Netherlands and the United Kingdom. Equity - Fair Value Assumptions (Details), Stockholders??? On . Sponsored. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Got a confidential news tip? Michael Martinez. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. TheDetroitBureau doesnt stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting. 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. That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. Chairman of the Board of Directors . 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. In . The industry leader for online information for tax, accounting and finance professionals. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Let us know, wed love to hear your voice. A Division of NBCUniversal. 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 must contactmedia@ford.comto obtain approval for advertising, marketing or other commercial users. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. 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. 2 U.S. automaker's representative on Rivian's board. Press ReleaseProduction & DeliveryShareholder LetterWebcast. Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. Images, video and audio from this Web site are provided without login for the purpose of editorial use only. As head of the World Food Program, which was . 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. It's not a transactional investment. 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. Rivianis accepting preorders on its R1T and R1S. 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). Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. Member of the Board of Directors Patagonia Mar 2013 - . The luxury SUV would have used Rivian's skateboard EV chassis with a "top hat" designed by Lincoln. Save my name, email, and website in this browser for the next time I comment. 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. Content tailored to your personal preferences, Favorite content saved within your briefcase, Media advisories, newsletters, and email alerts and PR contact information. Like what you see? 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. Reuters. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. 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 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 data presented on this page does not represent the view of Rivian and its employees or that of Zippia. Ford vice president Doug Power replaced English in June, and left the board in September. Have some ideas for making The Detroit Bureau.com even better? DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . Heres the original story.). You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. Instructions on how to reset your password have been sent to the email you entered. Check out the weeks top story and our latest reviewalong with a dive into the past with this week in automotive history. The Company is engaged in designing, developing, and manufacturing EVs and accessories. home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. Rivian is following Tesla's model of direct sales instead of traditional dealerships. Amazon owns about 20 percent of Rivian. 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.

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