Ford exits Rivian board as Irvine-based EV-truck startup readies IPO
Ford exits Rivian board as Irvine-based EV-truck startup readies IPO
By Keith Naughton | Bloomberg
Ford Motor Co. has vacated its seat on the board of Rivian Automotive Inc. as the Irvine-based electric-truck startup prepares to go public with an expected valuation of $80 billion.
Doug Power, Ford’s newly hired vice president of corporate development, stepped down from Rivian’s board last month. He had taken the spot held by Alexandra Ford English, the great-great…
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