The corporate additionally didn’t inform buyers that its chief working officer, Rod Copes, a Harley-Davidson veteran, left the corporate final yr. Public firms and people within the means of itemizing their shares typically disclose the departures of prime executives. The information was first reported by The Wall Avenue Journal.

Ms. Mast stated Mr. Copes had a “phased transition from Rivian in fall 2021, previous to the I.P.O.” and retired in December, after the providing.

Mr. Copes, 55, stated in an interview that he didn’t go away Rivian due to issues about his efficiency or as a result of there have been issues with manufacturing. He stated that he had achieved key targets and that the constructions have been in place for Rivian’s ramp-up in manufacturing. “It was a clean and seamless transition,” Mr. Copes stated.

However company governance specialists suppose Rivian must have disclosed his impending departure to buyers through the I.P.O., given his senior function. “In the event that they knew he was leaving, the optimum disclosure would have been to establish their C.O.O. however point out that he was leaving,” John C. Espresso Jr., a professor at Columbia Regulation Faculty, stated in an e mail.

In response to one former govt, Rivian has a poor administration tradition.

The manager, Laura Schwab, stated she was fired final yr from a high-ranking gross sales and advertising place after expressing issues about what she known as the “boys’ membership tradition” and “gender discrimination” on the firm. She filed a lawsuit in state courtroom in California accusing Rivian of violating the state regulation prohibiting employment discrimination and retaliation.

Ms. Schwab stated she had been a part of 30 car introductions in prior auto trade jobs, together with at Aston Martin and Jaguar Land Rover. Quickly after arriving at Rivian, she stated, she felt compelled to precise issues that the corporate was at risk of lacking supply targets.

“The manufacturing line doesn’t go from zero to hundreds of automobiles in a single day; it simply doesn’t work that means,” she stated.


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