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    Robert J. Scaringe

    CEO and Chairman of the Board at Rivian Automotive Inc
    Board
    Since June 2009
    Age
    41 years
    Education
    Holds a Bachelor of Science from Rensselaer Polytechnic Institute and a Master of Science and Ph.D. in Mechanical Engineering from the Sloan Automotive Laboratory at the Massachusetts Institute of Technology.
    Tenure
    Founded the company in June 2009, has served as its Chief Executive Officer since then, and was designated Chairman of the Board in March 2018.
    Other Roles
    Director of Forever by Rivian, Inc.; Trustee of the Rivian Foundation

    Also at Rivian Automotive Inc

    CM
    Claire McDonough
    Chief Financial Officer
    DM
    Dagan Mishoulam
    Senior Vice President, Commercial

    About

    Robert J. Scaringe is a visionary leader who founded Rivian Automotive, Inc. in June 2009. Over the years, he has driven the company’s mission of innovation and sustainability in the electric vehicle industry, leading major milestones in manufacturing and technology.

    His leadership has been central to scaling operations and establishing vertically integrated technology platforms that distinguish the company from its competitors. This strategic approach has fueled Rivian’s growth across multiple programs and solidified its position in the competitive market.

    Beyond his executive responsibilities, his involvement in philanthropic and environmental initiatives—serving as a director for both a social welfare organization and a private foundation—demonstrates his commitment to social impact and sustainability. His career reflects a deep passion for advancing technology while addressing global environmental challenges.

    $RIVN Performance Under Robert J. Scaringe

    External Roles

    OrganizationRoleDate RangeDetails
    Rivian Foundation TrusteeN/A May involve fiduciary or other duties outside of his role at Rivian.

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary $1,000,000 Annual Increased from $650,000 effective August 25, 2023 after review by the Compensation Committee
    All Other Compensation $78,364 Annual Includes: R1T Early Employee Adopter Program Payments ($20,000) , Security Services ($24,338) , Private Aircraft Travel ($34,026)

    Performance Compensation

    Data from  FY 2023

    Performance Incentive Bonus Details

    MetricWeight (%)TargetActual ResultNotes
    Vehicle Production Volumes 35% 55,000 units 57,232 units (111% of target) --
    Unit Cash COGS 30% $111,000/unit $120,637/unit (0% of target) Non-GAAP measure
    Cash Operating Expense 15% $2,700 million $2,700 million (100% of target) Non-GAAP measure
    Progress on Product Development 20% Not disclosed 94% of target Confidential target

    Overall Achievement: Weighted achievement of 73% of target.

    Bonus Payout Details:

    • Target Bonus Amount: $380,288 (50% of base salary)
    • Maximum Bonus Amount: $570,433 (75% of base salary)
    • Actual Bonus Earned: $277,611 (73% of target bonus)

    Vesting and Payment:

    • The bonus was paid in the form of fully vested RSUs
    • Grant Date: March 1, 2024
    • Grant Date Stock Price: $11.32
    • RSUs Granted: 24,525 RSUs (rounded up)