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Robert J. Scaringe

CEO and Chairman of the Board at Rivian Automotive, Inc. / DE
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. / DE

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)