Rivian CEO RJ Scaringe wins Executive Disruptor of the Year award
Rivian CEO RJ Scaringe has been named Executive Disruptor of the Year in Newsweek’s World’s Greatest Auto Disruptors awards.
The electric vehicle maker celebrated its chief executive’s accolade on social media and on its official website.
Why RJ Scaringe Won
Newsweek highlighted that Rivian is one of the few electric car makers in the market today that actually turned a profit. This was an extremely challenging endeavor for Rivian, especially as the company had to outfit its Normal, Il plant during the height of the pandemic.
Rivian has proven to be as tough as its off-road-capable electric vehicles. It dug deep to launch the R1T and R1S, it secured a deal with Amazon for its electric delivery vans, it unveiled its next-generation vehicles like the R2, R3, and R3X, and it even signed a $5.8 billion joint venture with Volkswagen Group. This year, a subsidiary of the company also received a $6.57 billion loan from the federal government to finance the development and construction of its Georgia plant, which is expected to be capable of mass manufacturing the R2.
“Strategic decisions that resulted in a gross profit of $170 million in the fourth quarter of 2024 and the maturing business model of the Rivian brand in a BEV-adverse environment are why RJ Scaringe is Newsweek’s 2025 Executive Disruptor of the Year,” Newsweek wrote.
We’re proud to share that our founder and CEO @RJScaringe has been named Executive Disruptor of the Year for @Newsweek’s World’s Greatest Auto Disruptors awards!
Read more about it: https://t.co/vjNei2bgrN pic.twitter.com/ZYBqNrCWCx
— Rivian (@Rivian) April 15, 2025
What the CEO Says
CEO RJ Scaringe noted that the honor really belongs to the company’s employees, who have endured numerous hardships over the years just to help Rivian mature and survive. As per the electric truck maker, its CEO’s award is a reflection of the vision, grit, and teamwork that powers everything the company does.
“This honor truly belongs to the entire incredible team of disruptors at Rivian. Every step forward we’ve taken—whether in the design studio, on the assembly line or in our software—has been driven by people who believe deeply in our mission. I’m grateful to Newsweek for the recognition, and even more thankful to our community for continuing to inspire us every day!” Scaringe stated.
The post Rivian CEO RJ Scaringe wins Executive Disruptor of the Year award appeared first on TESLARATI.
Source: https://www.teslarati.com/rivian-ceo-rj-scaringe-named-executive-disruptor-of-the-year/
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