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Thursday, 14 October 2021 17:46

Rivian’s Board of Directors No Longer Includes Ford Representatives

Written by Maria Merano, Teslarati

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There is no longer a Ford Motor Company representative on Rivian’s board of directors, but Ford still seems to have a strong partnership with the company. 

Based on Rivian SEC documents released to the public Oct. 1, Ford executive Alexandra Ford English left the EV startup’s board of directors in May, a year after being appointed.

 

In March, the legacy OEM announced English would join Ford’s board in a press release. She was officially elected to Ford’s board by May.

 

In June, Ford Vice President Doug Power became the legacy automaker’s representative on Rivian’s board of directors, replacing English. However, he also left Rivian’s board a few months later in September.

 

“Rivian is a strategic investment, and we’re still exploring ways for potential collaboration with them. We don’t have anything to announce today,” Ford spokesman Ian Thibodeau said. 

 

Rivian declined to comment beyond the SEC filings. The document does acknowledge certain stockholders will have a conflict of interest.

 

Ford holds more than 5% of Rivian’s capital stock, according to the filing. In 2019, the OEM invested $500 million in Rivian. And according to Reuters, Ford has invested more than $820 million in Rivian over two fundraising rounds.

 

“Certain of our principal stockholders or their affiliates are or may in the future engage in, and certain of our directors are affiliated with entities that may in the future engage in, business activities similar to those conducted by us which may compete directly or indirectly with us, causing such stockholders or persons to have conflicts of interest,” wrote Rivian in its SEC filings. 

 

“Certain of our principal stockholders and their affiliates are engaged in...


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