Rivian VP of Manufacturing Tim Fallon recently shared this look back at 2022, and a view ahead at 2023. Heres the original story.). Sign up for our newsletter and receive the latest automotive news in your inbox! In the commercial market, it offers Rivian Commercial Vehicle (RCV) platform. Chairman of the Board and Chief Executive Officer. On . 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. Rivian and Ford Motor Company have announced that Alexandra Ford English will join Rivian's board of directors. You must contact media@ford.com to obtain approval for advertising, marketing or other commercial uses. 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. |, Alexandra Ford English to Join Rivians Board of Directors. It provides Rivian Commercial Vehicle platform for Electric Delivery Van with collaboration with Amazon.com, Inc. Check out the weeks top story and our latest reviewalong with a dive into the past with this week in automotive history. Achieving this requires real innovation, collaboration and stewardship. Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever. BEN KLAYMAN. Rivians independent registered public accounting firm is KPMG LLP. 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. That idea was scrapped and eventually the small company saw a future in electric adventure-oriented trucks and SUVs. 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. Alexandra Ford English. Currently he is Director of Product Planning for Rivian, an electric vehicle start-up based in . Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. 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 English joined Ford Motor Co. in 2017. (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). 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. TO VIEW CONTACT DETAILS PLEASE Ford Motor Company is a global company based in Dearborn, Michigan. But within a couple years, that plan was shelved. 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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. All SEC filings can also be accessed directly from the SEC website atsec.gov. Where can I find recent Rivians press releases? RIVIAN AUTOMOTIVE, INC. 14600 Myford Road Irvine, California 92606 Letter From Our CEO April 27, 2022 To Our Stockholders: You are cordially invited to attend the 2022 Annual Meeting of Stockholders (the "Annual Meeting") of Rivian Automotive, Inc. at 11:00 a.m. Pacific time, on Monday, June 6, 2022. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Who is Rivians independent registered public accounting firm? Ford vice president Doug Power replaced English in June, and left the board in September. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. All rights reserved. Get this delivered to your inbox, and more info about our products and services. Low Resolution Photos. Photo: Ford. You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. 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. -, 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. Last year, the company invested $500 million in Rivian, saying it would develop a new vehicle with the EV maker. 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. 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. 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. 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. Driving Cadillacs in Our Dreams: What Do the Rich Drive? 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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. 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. Michael Martinez. We'll keep you updated, but that's a very fundamental bet.". Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Sponsored. The Company is engaged in designing, developing, and manufacturing EVs and accessories. Save my name, email, and website in this browser for the next time I comment. At the time English was added, Rivian Chief Executive. 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. English is director of Corporate Strategy for . Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. Rivian is one of the most hyped IPOs in recent history. The industry leader for online information for tax, accounting and finance professionals. $16.92 (7.63%) $1.20 ". The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. May 1, 2020. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. You must contactmedia@ford.comto obtain approval for advertising, marketing or other commercial users. 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. 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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.". English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. Amazon owns about 20 percent of Rivian. 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. 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. That by exploring more responsibly today, we can preserve the environment for the generations that come after us. Rivian Automotive. 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. On which exchange is Rivian listed and what is the ticker symbol? TheDetroitBureau doesnt stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting. Amazon worked closely with Rivian to design the delivery vans being assembled at the Rivian plant in Normal. October 13, 2021 11:45 AM. 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. Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes. It also offers FleetOS, a centralized fleet management subscription platform. Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. Data is a real-time snapshot *Data is delayed at least 15 minutes. Required fields are marked *. 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. Rivian is based in Southern California with additional center of gravity offices in Northern California, Michigan, Arizona, Vancouver, the Netherlands and the United Kingdom. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. The industry leader for online information for tax, accounting and finance professionals. Member of the Board of Directors Patagonia Mar 2013 - . 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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. We want to hear from you. 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. Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. Ford Motor Company announced earlier this month that Alexandra Ford English the daughter of executive . Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. 1mo. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. It's a strategic investment. 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. As for who owns itRivian owns Rivian. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Rivian is following Tesla's model of direct sales instead of traditional dealerships. Who are the members of Rivians Board of Directors? . 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. read more. See here for a complete list of exchanges and delays. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. Board of Directors. United States | English 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. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. The Company is engaged in designing, developing, and manufacturing EVs and accessories. You can obtain Rivians investor relations material in the Investors section of our website. Ford employs approximately 188,000 people worldwide. 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 . Anthony is the CEO of SoFi and serves on its board of directors. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Equity - Fair Value Assumptions (Details), Stockholders??? Press ReleaseProduction & DeliveryShareholder LetterWebcast. DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . But last March it halved that target to 25,000 amid. Please select less number of photos for download. 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. LOGIN OR Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. 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. 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. It's a strategic investment. Your email address will not be published. The EV maker went public at $78 per share last November, and its stock started trading at $106.75 before. home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. 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. 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. You can view Rivians products by visitingrivian.com. "Rivian is a strategic investment and we're still exploring ways for potential collaboration with them. Images, video and audio from this Web site are provided without login for the purpose of editorial use only. Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA.