Rivian News: Chief of Manufacturing Leaves Rivian, New COO Hired, Reorganization Splits Commercial and Retail Business

[Electric Rivilution]

Source: https://www.autonews.com/executives...ief-departs-management-shuffle-reorganization

Summary:

• Head of manufacturing, Charly Mwangi, is leaving the company
• New COO, Frank Klein (formerly of Magna International) will start on June 1
• Rivian reorgnization will split commercial (i.e. vans) and retail business.
  • Under the reorganization, many of Rivian’s senior manufacturing, engineering and supply chain personnel will report to the new COO Klein.

Scaringe quoted: “This is an important time for our growing business, all of which is happening in an extremely challenging environment,” “We are well-positioned for long-term success, but we must continuously evaluate how we operate.”

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[kurtlikevonnegut]

Source: https://www.autonews.com/executives...ief-departs-management-shuffle-reorganization

Summary:

• Head of manufacturing, Charly Mwangi, is leaving the company
• New COO, Frank Klein (formerly of Magna International) will start on June 1
• Rivian reorgnization will split commercial (i.e. vans) and retail business.
  • Under the reorganization, many of Rivian’s senior manufacturing, engineering and supply chain personnel will report to the new COO Klein.

Scaringe quoted: “This is an important time for our growing business, all of which is happening in an extremely challenging environment,” “We are well-positioned for long-term success, but we must continuously evaluate how we operate.”

I'm quite sure this was all negotiated as part of the hiring of Klein and has been planned since then (and probably communicated internally). Can't blame Klein for wanting "his person" in that role as a requirement to come on board.

 

[Guy]

Didn’t they just hire a new VP of manufacturing from Nissan to replace the previous VP of manufacturing who was also from Nissan and lasted 18 months.

 

[Sgt Beavis]

I need to hear more about it to be sure, but splitting the commercial and retail into different business units creates redundancies and can add costs. Everything else sounds good to me.

 

[R1Sky Business]

Can’t get worse….right?

 

[zonehawk]

Not sure if this is allowed, but archived page to that link which doesn't require the paywall. https://archive.ph/5IQFq

 

[nomis]

Can’t get worse….right?

aaaaaaand jinxed. ?

 

[R1Sky Business]

aaaaaaand jinxed. ?

Damn….couldn’t help it.

 

[SeaGeo]

Didn’t they just hire a new VP of manufacturing from Nissan to replace the previous VP of manufacturing who was also from Nissan and lasted 18 months.

Different person. I'm not totally sure they actually have Charly's position correct actually.

 

[IlliniRivian]

Well we have one Rivian holiday weekend bad news dump. Will we get a follow-up on the R1S or will they just drag that out?

 

[MichaelD]

Firing the head of manufacturing does not leave me feeling better about R1S deliveries supposedly starting right about now.

 

[BigNerd]

I need to hear more about it to be sure, but splitting the commercial and retail into different business units creates redundancies and can add costs. Everything else sounds good to me.

Redundancy can be good... but duplication at higher costs is not.

I'd like to see how this plays out too.

 

[Count Orlok]

Markets likes the change.

 

[zipzag]

Perhaps Mwangi's Palo Alto address was part of the problem.

 

[R1Sky Business]

Firing the head of manufacturing does not leave me feeling better about R1S deliveries supposedly starting right about now.

They'll deliver a couple R1Ss on Tuesday....

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