Robert Joseph Scaringe is the CEO of Rivian Automotive, a company focused on electric vehicles. He holds a background in engineering, which plays a key role in the technology and design of Rivian's vehicles. Scaringe has been with Rivian since...
Robert Joseph Scaringe is the CEO of Rivian Automotive, a company focused on electric vehicles. He holds a background in engineering, which plays a key role in the technology and design of Rivian's vehicles. Scaringe has been with Rivian since its inception and has been instrumental in shaping its mission to create environmentally friendly transportation solutions. His leadership comes at a time when the company has seen significant fluctuations in its stock value, with insider trading records showing a peak valuation at $578.72 million in November 2021. In 2023, Scaringe’s total compensation reached $970,000, including a substantial salary increase from $650,000 to $1,000,000 approved by the board, and a target bonus opportunity set to double his base salary. This shift reflects the board's confidence in his performance metrics, which emphasize revenue growth and operational efficiency. Scaringe also oversees a growing team, including new appointments in executive roles, aiming to steer Rivian toward future success amid a competitive landscape. Scaringe's story is still unfolding as Rivian endeavors to carve out its niche in the electric vehicle market.