Rivian hires a new COO amid other leadership and organizational shifts

By News Curator

Rivian has hired a new chief operating officer to lead the restructuring and alignment of its operations, the automaker said Thursday. Frank Klein will join the company on June 1 as Rivian’s new COO to oversee the automaker’s production, manufacturing engineering and supply chain. The automaker also said its head of manufacturing, Charly Mwangi, is…

Amazon adds to its Rivian stake

By News Curator

Nestled in Rivian’s S-1 IPO filings was a note that there the EV company’s “cornerstone investors” had “indicated an interest” in buying up to $5 billion worth of its stock at its IPO price. One of those parties was Amazon, and the American e-commerce giant appears to have pulled the trigger Friday afternoon on its…