⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Rivian names former Porsche exec as new CCO

Published 09/01/2023, 03:23 PM
Updated 09/01/2023, 03:24 PM
© Reuters.  Rivian (RIVN) names former Porsche exec as new CCO
RIVN
-

Rivian Automotive Inc (NASDAQ:RIVN) revealed Friday that the electric automaker has named former Porsche CEO, Dr. Kjell Gruner as its newest Chief Commercial Officer (CCO) and President of Business Growth effective immediately. Gruner will report directly to Rivian Founder and CEO RJ Scaringe, and will oversee commercial functions at the company, including Sales, Marketing, Customer Care, Delivery, Service, and Fleet.

“We are very happy to welcome Kjell to the Rivian team as Chief Commercial Officer and President, Business Growth.” Said Scaringe. “We will rely on Kjell’s talent and experience as we position ourselves for growth domestically and internationally, the launch of a new platform in R2 at a new facility, and the continued success of our commercial vehicle line.”

Dr. Kjell Gruner boasts a remarkable 25-year career in the automotive industry, with notable stints at Porsche and Daimler/Mercedes-Benz. Before joining PCNA, Gruner held the prestigious position of Global Vice President Marketing and Chief Marketing Officer at Porsche, where he played a pivotal role in shaping the global Porsche brand, marketing strategies, and product development.

“I am excited to join Rivian at this important time in its success story.” Said Gruner. “As we build a strong brand, I look forward to chart paths into new markets, build new partnerships and customer experiences, and engage with our community while constantly embracing a clear and consistent strategy for the future.”

Shares of RIVN are up 2.26% in afternoon trading on Friday.

 

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.