The company, renamed Rivian, started with a small crew and an original plan to build a mid-engine hybrid sports car. English is director of Corporate Strategy for Ford Motor Company, responsible for the companys enterprise strategy and connectivity and digital network strategy. Rivian priced its initial public offering on November 9, 2021 and began trading on Nasdaq on November 10, 2021. REUTERS/Mike Blake. Equity - Fair Value Assumptions (Details), Stockholders??? Ford Planning Big Production Increases for Key Gas, Hybrid, Electric Models, VWs Scout Brand May Bring Two Plants to North America. The data presented on this page does not represent the view of Rivian and its employees or that of Zippia. All Rights Reserved. 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. 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. 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. Download size exceeds 350 MB. 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 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. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. Governor Burt Jones, Speaker Jon Burns, Department of Economic Development Commissioner Pat Wilson, legislative leaders from both chambers, local elected and economic officials, and company representatives to celebrate the first-ever Rivian Day at the . 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. More information is available atrivian.com. The R1 technology systems include vehicle electronics, battery, electric drive, chassis, Driver+, its advanced driver assistance system (ADAS), and digital user experience management. Michael Martinez. |, Alexandra Ford English to Join Rivians Board of Directors. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. 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. Shares can be purchased through a stockbroker of your choice. 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. October 13, 2021 11:45 AM. Through its RCV platform, it designed and engineered Electric Delivery Van (EDV) in collaboration with Amazon. 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. Like what you see? Instructions on how to reset your password have been sent to the email you entered. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . 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. That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. 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. Skip To Main. May 01, 2020 10:10 AM. 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. The Company is engaged in designing, developing, and manufacturing EVs and accessories. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Get the latest business insights from Dun & Bradstreet. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. Low Resolution Photos. You must contactmedia@ford.comto obtain approval for advertising, marketing or other commercial users. At Rivian, were committed to showing that a successful business can also be good for the planet. 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. 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.". You can obtain Rivians investor relations material in the Investors section of our website. 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. 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. Save my name, email, and website in this browser for the next time I comment. Could we see a return of the F100, maybe the eF100, F100e. 1mo. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Ford has invested more than $820 million in Rivian over two fundraising rounds. As for who owns itRivian owns Rivian. Rivian is following Tesla's model of direct sales instead of traditional dealerships. read more. When Ford said in March that English would join Ford's board, its press release identified her as the No. [5] At that time the SLR became the highest volume carbon based car ever produced. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Rivian has been hogging headlines. Your email address will not be published. Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. High Resolution Photos English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. 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. Ford is also supplying some components, engineering and tooling to Rivian. You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. All rights reserved. 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). English currently serves as Ford Motor Company's director of Corporate Strategy. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. 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. $16.92 (7.63%) $1.20 The CEO also wants a second plant to meet forecasted demand. 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. 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. All SEC filings can also be accessed directly from the SEC website atsec.gov. Another investor is Cox Enterprises which is also collaborating with Rivian on digital retailing, service and logistics. 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. Rivian is also building a charging network that includes off-road locations to plug in. 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. Chairman of the Board of Directors . English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. 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. 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. The Company is engaged in designing, developing, and manufacturing EVs and accessories. It's not a transactional investment. 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. United States | English (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). 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. Ford vice president Doug Power replaced English in June, and left the board in September. EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. Chairman of the Board and Chief Executive Officer. Rivian is based in Irvine, California, but retains the Engineering and Design Center in Plymouth, Michigan, which at one point also served as headquarters until the decision was made to relocate the HQ to Irvine. Amazon owns about 20 percent of Rivian. 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. As it bled cash, it slowed those capital expenditures and ended up investing just $1.4 billion as it realized a . Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, S-1 Registration of Securities October 2021, Consolidated Balance Sheets (Parenthetical), Consolidated Statements Of Changes In Contingently Redeemable Convertible Preferred Stock And Stockholders??? 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. Amazon.com (AMZN.O) and Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. English is director of Corporate Strategy for . 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. Board of Directors Audit Committee Nominating & Governance Compensation Planet & Policy. Rivian VP of Manufacturing Tim Fallon recently shared this look back at 2022, and a view ahead at 2023. the 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. You can unsubscribe at any time. Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. TO VIEW CONTACT DETAILS PLEASE Global asset firm T. Rowe Price is also a large investor and other financial companies that invested prior to the IPO include Fidelity Management and Research Company, D1 Capital Partners, Third Point, Dragoneer Investment Group, Franklin Templeton, Blackstone, and Coatue. The industry leader for online information for tax, accounting and finance professionals. Rivian. ATLANTA - March 1, 2023 - Today, Governor Brian P. Kemp and First Lady Marty Kemp, along with Rivian founder and CEO RJ Scaringe, joined Lt. And Rivian went public on Nov. 10, 2021. Last year, the company invested $500 million in Rivian, saying it would develop a new vehicle with the EV maker. Investors Leadership . . 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. 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 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. 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. Rivian Automotive, founded by Robert "R.J." Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. ( TSLA ). 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. 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. 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. 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. For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com. All quotes delayed a minimum of 15 minutes. 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. Please select less number of photos for download. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. Prior to Twitter, Anthony served for almost four years as co-head of global TMT investment . Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . Ford CEO Jim Farley has said the two automakers continue to work together, with mutual admiration and respect and a strategic vision that will play out over many years. Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information 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. Amazon.comand Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. Please select individual photos within album for download. 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. Alexandra Ford English is the newest member of the Rivian board of directors. If you typed the URL into your browser, check that you entered it correctly. The filing did not include information on the latest $2.5 billion funding round Rivian announced in July that also included Ford. As head of the World Food Program, which was . Press ReleaseProduction & DeliveryShareholder LetterWebcast. English joined Ford Motor Co. in 2017. Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. icon-branding Events Icon 2 U.S. automaker's representative on Rivian's board. Alexandra Ford English. But last March it halved that target to 25,000 amid. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Sorry, your email address is not recognized. The company was. 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.