Rivian appoints Porsche NA's Kjell Gruner as Chief Commercial Officer; Jiten Behl departs

Rivian Automotive, Inc. / DE

Kjell Gruner named Chief Commercial Officer & President, Business Growth, reporting to CEO.
Gruner receives $450k salary, $1.5M signing bonus, $3M option, and $10M RSU (4-year vest).
Former Porsche Cars NA CEO (2020-2023) brings auto marketing and strategy experience.
Jiten Behl, former Chief Growth Officer, separated Aug 31; now consultant at $100/hr through Nov 2025.
Behl's equity continues vesting during consulting; accelerated vesting on company termination or change of control.

item 5.02

Executive movements

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Appointed

Kjell Gruner

Chief Commercial Officer and President, Business Growth

RIVN · Rivian Automotive, Inc. / DE

Effective: 2023-09-01
Filed: September 1, 2023, 7:59 PM ET

On September 1, 2023, Rivian Automotive, Inc. (the “Company”) announced the appointment of Kjell Gruner as the Company’s Chief Commercial Officer and President, Business Growth, effective immediately.

Departed

Jiten Behl

Chief Growth Officer

RIVN · Rivian Automotive, Inc. / DE

Effective: 2023-08-31
Filed: September 1, 2023, 7:59 PM ET

Jiten Behl, the Company’s former Chief Growth Officer, separated from the Company effective August 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kjell Gruner was appointed as Chief Commercial Officer and President, Business Growth at Rivian Automotive, Inc. / DE.

Action: appointed
Role: Chief Commercial Officer and President, Business Growth

Exact text from the filing

On September 1, 2023, Rivian Automotive, Inc. (the “Company”) announced the appointment of Kjell Gruner as the Company’s Chief Commercial Officer and President, Business Growth, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jiten Behl departed as Chief Growth Officer at Rivian Automotive, Inc. / DE.

Action: separated
Role: Chief Growth Officer

Exact text from the filing

Jiten Behl, the Company’s former Chief Growth Officer, separated from the Company effective August 31, 2023.

View on SEC.gov

Rivian Automotive, Inc. / DE filing history →

Source: SEC EDGAR

accession 0001874178-23-000049

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