Former Patagonia CEO Rose Marcario resigns from Rivian’s board

Former Patagonia CEO Rose Marcario is resigning from her presumption connected Rivian’s committee of directors, according to a Friday day banal speech filing.

Rivian wrote successful the filing that Marcario’s past time volition beryllium connected January 1, and that she is leaving “to absorption connected different commitments.” Rivian’s committee volition shrink from 8 members to 7 upon her resignation.

Marcario has served connected Rivian’s committee since January 2021, a relation she took aft 12 years arsenic an enforcement (and eventual CEO) of Patagonia. Before her appointment, Rivian CEO RJ Scaringe often described his purpose for the institution to go “the Patagonia of EVs.”

Rivian said Friday that Marcario volition proceed her relation arsenic seat of the committee of trustees overseeing the Rivian Foundation. She serves connected that committee alongside Scaringe, Rivian’s main sustainability serviceman Anisa Kamadoli Costa, and conservationist Ed M. Norton.

Formed conscionable earlier the company’s blockbuster 2021 IPO, the Rivian Foundation was initially handed 1% of the company’s equity successful bid to marque “the earthy world” a “stakeholder successful [Rivian’s] success.” The instauration remained quiescent for the archetypal fewer years arsenic Rivian’s banal terms fell from its post-IPO highs, and announced its archetypal $10 cardinal successful grants successful 2024.

This year, the Rivian Foundation has publicized different $2.6 cardinal successful awards connected its website.

“We would similar to convey her for her stewardship connected the Rivian committee implicit the past 5 years, and look guardant to her continued enactment connected the Rivian Foundation,” a spokesperson for the institution said successful a statement.