Rivian CEO RJ Scaringe’s voting control slips following divorce settlement

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July 14, 2025, 2:52 PM

• •Rivian founder RJ Scaringe transferred shares and options to his ex-wife as part of a divorce settlement, reducing his voting power.
• •The settlement comes at a pivotal time for Rivian, which is focused on lowering manufacturing costs and launching the R2 SUV.
• •Amazon and Volkswagen Group are major shareholders in Rivian, with Volkswagen owning 12.3% and Amazon owning 14.2%.
• •Scaringe's voting power has decreased to around 4% due to the transfer of shares, although he still controls a significant number of shares and options.

Rivian CEO RJ Scaringe transferred shares and options to his ex-wife as part of their divorce settlement, which decreased his voting power from 7.6% to around 4%. The stock and options transferred could be worth approximately $130 million, a significant financial move. This change comes at a crucial period for Rivian, as the company focuses on cost reduction and the upcoming launch of its R2 SUV. Meanwhile, the ownership landscape of Rivian has evolved, with Volkswagen now holding a substantial stake, and Amazon maintaining the most voting power.

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