Rivian gives RJ Scaringe a new pay package worth up to $5B
The company canceled a similar-sized award from 2021, when EV optimism was sky-high, due to the “unlikeliness” that the associated goals could be met.
The company canceled a similar-sized award from 2021, when EV optimism was sky-high, due to the “unlikeliness” that the associated goals could be met.
Founder and CEO RJ Scaringe will be wearing yet another hat as the company preps for arguably its most important vehicle launch — the mass market R2 SUV — in 2026.
The company will likely sell fewer EVs this year than in both 2024 and 2023, making next year’s launch of the R2 SUV even more important.
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Rivian founder and CEO RJ Scaringe has transferred a portion of his ownership stake and voting power as part of a newly settled divorce proceeding.