Rivian said Friday that Rose Marcario, former chief executive officer of Patagonia Inc., will resign from its board of directors effective January 1, 2026, to “focus on other commitments.”
“Effective upon Ms. Marcario’s resignation, the size of the Board will be reduced from eight to seven members,” Rivian said in a SEC filing. “We thank Ms. Marcario for her service on the Board and for her continued support of the Rivian Foundation.”
Marcario has served on Rivian‘s board since January 2021, where she also chaired the Planet & Policy Committee.
She joined after more than 12 years at outdoor apparel company Patagonia, where she rose from chief operating officer and chief financial officer to CEO and president, a position she held from March 2013 to July 2020.
“We thank Ms. Marcario for her service on the Board and for her continued support of the Rivian Foundation,” Rivian said in a securities filing. “Effective upon Ms. Marcario’s resignation, the size of the Board will be reduced from eight to seven members.”
Foundation Role Continues
Marcario will continue serving as chair of the board of trustees overseeing the Rivian Foundation, which the EV maker established in conjunction with its 2021 IPO by dedicating 1% of its equity to “address the urgency of the climate crisis and protect our planet’s vital biodiversity.”
She serves on that board alongside Scaringe, Rivian‘s chief sustainability officer Anisa Kamadoli Costa, and Ed Norton Sr.
Background
Marcario is currently a venture partner at ReGen Ventures, a role she has held since August 2021.
She also serves as a founding board member of SPUN, the Society for the Protection of Underground Networks.
During her tenure at Patagonia, Marcario was a founding board member of the Regenerative Organic Alliance from 2017 to 2020.
Board Composition
Earlier this year, Rivian named Aidan Gomez, co-founder and CEO of AI startup Cohere and a former Google researcher, to its board of directors.
Scaringe said at the time that the data scientist and AI expert “has demonstrated exceptional leadership in the rapidly evolving AI industry,” adding that his expertise will “support Rivian as we integrate new, cutting-edge technologies into our products, services and manufacturing.”
Gomez called Rivian “the best positioned to become the global leader in automotive and manufacturing AI.”
Stock Surge Continues
Rivian shares soared more than 10% on Friday, closing at $22, as the stock continued its year-end rally.
Wall Street analysts have raised price targets on the company this week, citing the autonomy roadmap unveiled earlier this month and the R2 launch planned for the first half of next year.
