• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Daily News Chicago

The Chicagoland's Top Daily News Source

DAILY NEWS CHICAGO
The Chicagoland's Top Daily News Source

  • Home
  • LOCAL NEWS
  • BUSINESS
  • POLITICS
  • REAL ESTATE
  • MEET THE TEAM

Rivian Picks Outsider as COO to Troubleshoot Production Snags

March 13, 2022 by Marita Overfelt

A representative for Irvine, California-based Rivian declined to comment.

Chief Executive Officer R.J. Scaringe told analysts on Thursday that a COO would be named this week, saying the new executive would focus on scaling up the company’s production and supply chain operations. “With our 2022 priorities, we’ve been very focused on ensuring we have the right team working towards our mission,” Scaringe said on a conference call.

The EV-maker is closely followed and backed by a long list of stellar investors. But it has struggled since a blockbuster November initial public offering as parts shortages and production hiccups have pummeled the stock. Rivian has been without a COO since the beginning of the year when Rod Copes stepped down after less than two years on the job. 

Klein, who did not respond to a request for comment, has been at Magna since April 2019, according to his LinkedIn profile. Since July 2020, he has been president of Magna Steyr, the company’s contract vehicle-manufacturing arm. Prior to that, he spent 25 years with Daimler AG.

Tracy Fuerst, a spokeswoman for Aurora, Ontario-based Magna, declined to comment.

Rivian expects to build 25,000 vehicles in 2022, including two consumer models and a battery-electric delivery van for investor and customer Amazon.com Inc. That’s less than half of planned capacity at its Normal, Illinois, factory — something the company has blamed on supply chain constraints.

Subscribe to Crain’s for $3.25 a week

>>>#ad: Don't Miss Today's BEST Amazon Deals!
Originally Appeared Here

Filed Under: BUSINESS

Primary Sidebar

More to See

15 injured, 1 seriously in Seneca boat fire

SENECA, Ill. — 15 people were injured in a boat fire in Seneca on Saturday afternoon, with one person suffering serious injuries, police said. According to Illinois State Police, troopers responded … [Read More...] about 15 injured, 1 seriously in Seneca boat fire

Ex-CPS CEO Paul Vallas to run for Chicago mayor: report

Vallas was CEO of Chicago Public Schools from 1995 to 2001 and served as city budget director under former Mayor Richard M. Daley. More recently, he worked as an unpaid consultant to the Fraternal … [Read More...] about Ex-CPS CEO Paul Vallas to run for Chicago mayor: report

Here’s Who is Running in Illinois’ 2nd Congressional District – NBC Chicago

As we continue our look at the candidates running for office this summer, we’re turning our eye toward Illinois’ 2nd Congressional District, where incumbent Rep. Robin Kelly is hoping to be elected to … [Read More...] about Here’s Who is Running in Illinois’ 2nd Congressional District – NBC Chicago

Privacy Policy | Terms and Conditions | About/ Contact
As an Amazon Associate I earn from qualifying purchases.
Copyright © 2022 · Daily News Chicago . Log in