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. 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. Rivian priced its initial public offering on November 9, 2021 and began trading on Nasdaq on November 10, 2021. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. Alexandra Ford English to join Rivian's board of directors 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. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. You can view our recent press releases by visitingour Newsroom. 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. Investors Leadership . Rose Marcario - Venture Partner - ReGen Ventures | LinkedIn 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. She is currently the director of corporate strategy at Ford and Executive Chairman Bill Ford Jr.s daughter. At the time English was added, Rivian Chief Executive. October 13, 2021 11:45 AM. Its current valuation prices in many years of success that. Chief Executive Officer. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. But last March it halved that target to 25,000 amid. Please select individual photos within album for download. 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. 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. DEARBORN, Mich., May 1, 2020 Rivian and Ford Motor Company today announced that Alexandra Ford English will join Rivians board of directors effective immediately. 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. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. Ford employs approximately 188,000 people worldwide. (Lincoln, Rivian scrub Lincoln EV project due to coronavirus.). ATLANTA - March 1, 2023 - Today, Governor Brian P. Kemp and First Lady Marty Kemp, along with Rivian founder and CEO RJ Scaringe, joined Lt. English joined Ford Motor Co. in 2017. We cant find the page you're looking for. Board of Directors Audit Committee Nominating & Governance Compensation Planet & Policy. Description Rivian Automotive Inc. Cl A Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. Enter your email below and we'll send a link to help you access your account. How can I obtain Rivians investor relations materials? Rivian Automotive ( RIVN 0.16%) was one of the hottest electric vehicle stocks of 2021. Description of Capital Stock | Rivian Automotive, Inc. | Business Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Got a confidential news tip? Conversely, Rivian hopes to deliver its first 1,000 vehicles by the end of 2021. EV maker Rivian's IPO was the most successful offering in the U.S. since 2014. Management Team :: Canoo Inc. (GOEV) And he wants Rivian to make battery systems and drivetrains in-house. Ford Motor Company announced earlier this month that Alexandra Ford English the daughter of executive . Rivian Automotive, Inc. Elects Harald Kroeger to Serve as Class II Director United States | English We want to hear from you. 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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. See here for a complete list of exchanges and delays. As head of the World Food Program, which was . Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Is It Too Late to Buy Rivian Automotive Stock? | The Motley Fool The company's . Rivians independent registered public accounting firm is KPMG LLP. 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. Company profile page for Rivian Automotive Inc including stock price, company news, press releases, executives, board members, and contact information Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. All quotes delayed a minimum of 15 minutes. Rivian declined to comment on Wednesday beyond documents it filed with U.S. regulators, citing the quiet period ahead of its IPO. Ford Family Member Named to Board of EV Startup Rivian. 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. 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. When Ford said in March that English would join Ford's board, its press release identified her as the No. 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. 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. |, Alexandra Ford English to Join Rivians Board of Directors. 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 | LinkedIn English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. Michael Martinez. More than just another place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. All rights reserved. Document - SEC 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. 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. 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. 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. 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. 2 U.S. automaker's representative on Rivian's board. Schuster is also a member of the LMC Automotive board of directors. Rivian CEO And Leadership: Executives and Demographics - Zippia 2023 CNBC LLC. 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.. Governance - Investor Relations - Rivian 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. Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. Photo: Ford. Please wait while we load the requested 10-K report or click the link below: https://last10k.com/sec-filings/report/1874178/000187417823000009/rivn-20221231.htm. You can obtain Rivians investor relations material in the Investors section of our website. Governor Kemp, Rivian CEO RJ Scaringe and State Leaders Celebrate [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. Editor's note: This story has been updated to clarify that Ford . The move higher materialized as hype over electric vehicles continues to push auto stocks higher. 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. Sorry, your email address is not recognized. The industry leader for online information for tax, accounting and finance professionals. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. It's a strategic investment. 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. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. Download size exceeds 350 MB. Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes. More information is available atrivian.com. That by exploring more responsibly today, we can preserve the environment for the generations that come after us. 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. Rivian had originally planned to spend $2.6 billion for growth investments in 2022. 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. 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. Let us know, wed love to hear your voice. See here for a complete list of exchanges and delays. The data presented on this page does not represent the view of Rivian and its employees or that of Zippia. Who is Rivians independent registered public accounting firm? All SEC filings can also be accessed directly from the SEC website atsec.gov. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Ford made an initial equity investment of $500 million in Rivian in April 2019, and an additional equity investment in December 2019. Your email address will not be published. Rivian Sets Date for Release of Fourth Quarter and Full Year 2022 Results JANUARY 3, 2023 Rivian Produced 10,020 Vehicles in Q4 2022 NOVEMBER 9, 2022 Rivian Releases Third Quarter 2022 Financial Results Leadership & Governance SEC Filings By The Numbers R1 preorders as of Nov. 7, 2022 ~114,000 Initial Amazon EDV order 100,000 Investor Relations - Rivian Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. (Ford investing $500M in Rivian; will use start-ups platform for new BEV.). Rivian IPO: RIVN went public at $78.00 on Nov. 10, 2021 - Investopedia . The CEO also wants a second plant to meet forecasted demand. Board Member Meati Foods . The company has numerous challenges ahead as it attempts to grow its business. Rivian Automotive, Inc. (RIVN) 10-K Annual Report February 2023 Alexandra Ford English is the newest member of the Rivian board of directors. 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. Rivian Jan 2021 - Present 2 years 2 months. See here for a complete list of exchanges and delays. 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. 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 a strategic investment and we're still exploring ways for potential collaboration with them. Reuters. Amazon.com (AMZN.O) and Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. Sponsored. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Rivian is traded on the Nasdaq Global Select Market under the symbol RIVN.. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Have some ideas for making The Detroit Bureau.com even better? Our Standards: The Thomson Reuters Trust Principles. 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. You can unsubscribe at any time. 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. 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. 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. 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. Delayed Nasdaq English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. How can I get a copy of Rivian's Annual Report or any other Investor materials (i.e., Investor Relations kit, Form 10-K, Proxy Statement)? LOGIN OR The company, renamed Rivian, started with a small crew and an original plan to build a mid-engine hybrid sports car. We'll keep you updated, but that's a very fundamental bet.". Board Member, Advisor, and Former CEO of Patagonia, Inc. . Alexandra Ford English, daughter of Bill Ford, to join Rivian board 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. 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. 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. D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / . 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. 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.
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