home > news > Automakers > Ford Family Member Named to Board of EV Startup Rivian. 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. Josette joined the board on December 21, 2020 and became President of Canoo Inc. Inc. on July 26, 2021. On . 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. 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. You must contactmedia@ford.comto obtain approval for advertising, marketing or other commercial users. Let us know, wed love to hear your voice. 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. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. In a February conference call with analysts, Ford CEO Jim Farley said, "We love what R.J. is doing at Rivian. 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. Photo: Ford. The company, renamed Rivian, started with a small crew and an original plan to build a mid-engine hybrid sports car. 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. 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. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. Driving Cadillacs in Our Dreams: What Do the Rich Drive? 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. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Find company research, competitor information, contact details & financial data for Rivian Automotive, Inc. of Irvine, CA. Amazon.com (AMZN.O) and Cox Automotive, which also have Rivian stakes greater than 5%, still have board representatives. Low Resolution Photos. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Rivianis accepting preorders on its R1T and R1S. How can I obtain Rivians investor relations materials? Sign up for free newsletters and get more CNBC delivered to your inbox. United States | English Rivian is based in Southern California with additional center of gravity offices in Northern California, Michigan, Arizona, Vancouver, the Netherlands and the United Kingdom. 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. We don't have anything to announce today," Ford spokesman Ian Thibodeau said on Wednesday. Skip To Main. 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. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. the 2022 Rivian R1T electric pickup truck, the 2022 Rivian R1S electric three-row SUV, R1 platform, a smaller R2 family of vehicles. 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. 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. 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. The industry leader for online information for tax, accounting and finance professionals. The Company is engaged in designing, developing, and manufacturing EVs and accessories. Rivians independent registered public accounting firm is KPMG LLP. English holds a bachelors degree from Stanford University and a masters degree from Harvard Business School. 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. Copyright 2023 Surperformance. 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. Who are the members of Rivians Board of Directors? 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. Have some ideas for making The Detroit Bureau.com even better? 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 . [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. Rivian is also building a charging network that includes off-road locations to plug in. Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. Last year, the company invested $500 million in Rivian, saying it would develop a new vehicle with the EV maker. Get the latest business insights from Dun & Bradstreet. Alexandra and I share a deep passion for mobility and electrification, and her connection to Fords long family role in transportation is something special. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. 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. You can view our Board of Directors by visiting theCorporate Governancesection of our Investor Relations website. Ford has invested more than $820 million in Rivian over two fundraising rounds, according to the SEC filing. 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Ford Motor Company is a global company based in Dearborn, Michigan. Instructions on how to reset your password have been sent to the email you entered. [5] At that time the SLR became the highest volume carbon based car ever produced. DETROIT -- Ford Motor Co. said Friday that Alexandra Ford English, daughter of Executive Chairman Bill Ford, will join Rivian's . REGISTER HERE. 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. English, daughter of Ford Executive Chairman Bill Ford, joined Rivian's board in May 2020, replacing Joe Hinrichs after he left Ford. Sign up for our newsletter and receive the latest automotive news in your inbox! English is director of Corporate Strategy for Ford Motor Company, responsible for the company's enterprise strategy and connectivity and digital network strategy. 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