On . Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. Board Member Meati Foods . The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. May 1, 2020. 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). Who is Rivians independent registered public accounting firm? Chief Executive Officer. English joined Ford Motor Company in 2017. 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. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. When Rivian Automotive ( RIVN -4.73%) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022. Rivian VP of Manufacturing Tim Fallon recently shared this look back at 2022, and a view ahead at 2023. 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 . Heres the original story.). Who are the members of Rivians Board of Directors? Amazon owns about 20 percent of Rivian. 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. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We promise not to spam you. (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. She is responsible for the Dearborn-based automaker's enterprise strategy and connectivity . Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. Rivian Automotive. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. Ford also had a representative on the Rivian board of directors but that ended prior to the company going public. The CEO also wants a second plant to meet forecasted demand. 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. High Resolution Photos 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. [5] At that time the SLR became the highest volume carbon based car ever produced. 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. We'll keep you updated, but that's a very fundamental bet.". D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . 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 currently serves as Ford Motor Company's director of Corporate Strategy. Select a location. -, 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. 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. Rivianhas development centers in Plymouth, Michigan; Northern California; Southern California; Vancouver, Canada, and Surrey, England; along with a 2.6-million-square-foot manufacturing plant in Normal, Illinois. All SEC filings can also be accessed directly from the SEC website atsec.gov. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Rivian has been hogging headlines. 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. It sells vehicles directly to customers in the consumer and commercial markets. 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. Rivians independent registered public accounting firm is KPMG LLP. 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. Rivian is one of the most hyped IPOs in recent history. 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. 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. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. Rivian is also building a charging network that includes off-road locations to plug in. Ford made an initial equity investment of $500 million in Rivian in April 2019, and an additional equity investment in December 2019. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. At Rivian, were committed to showing that a successful business can also be good for the planet. See here for a complete list of exchanges and delays. Where can I find recent Rivians press releases? 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. 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. Alexandra Ford English is the newest member of the Rivian board of directors. 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 industry leader for online information for tax, accounting and finance professionals. 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. The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. English joined Ford Motor Co. in 2017. 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. 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 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. It was also to be built by Rivian at the Normal plant. 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. English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. [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. 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. Prior to Twitter, Anthony served for almost four years as co-head of global TMT investment . Its current valuation prices in many years of success that. All quotes delayed a minimum of 15 minutes. 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. 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. 1mo. If you typed the URL into your browser, check that you entered it correctly. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. 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. Achieving this requires real innovation, collaboration and stewardship. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Sponsored. Skip To Main. ", When Ford said in March that English would join Ford's board, its press release identified her as the No. We continue to see enormous growth and progress in every . But last March it halved that target to 25,000 amid. See here for a complete list of exchanges and delays. Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivian's board of directors effective immediately. The luxury SUV would have used Rivian's skateboard EV chassis with a "top hat" designed by Lincoln. Rivian has 48 current employee profiles, including Chief Executive Officer Robert J. Scaringe. 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. read more. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. May 01, 2020 Rivian and Ford Motor Co. announced that Alexandra Ford English will join Rivian's board of directors effective immediately. Ford Planning Big Production Increases for Key Gas, Hybrid, Electric Models, VWs Scout Brand May Bring Two Plants to North America. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. Ford is also supplying some components, engineering and tooling to Rivian. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com. 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. Press ReleaseProduction & DeliveryShareholder LetterWebcast. The announcement is effective May 1 st, 2020. 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. Chairman of the Board and Chief Executive Officer. 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. Board Member, Advisor, and Former CEO of Patagonia, Inc. . (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??? Chairman of the Board of Directors . Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. 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. 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. Board of Directors. 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. As for who owns it Rivian owns Rivian. RIVN. |, Alexandra Ford English to Join Rivians Board of Directors. Does Rivian pay dividends and have a dividend reinvestment program? Photo: Ford. You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. Member of the Board of Directors Patagonia Mar 2013 - . Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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.