Former Patagonia CEO Rose Marcario resigns from Rivian’s board of directors

Former Patagonia CEO Rose Marcario has resigned from her position on Rivian’s board of directors Friday afternoon filing stock.

Rivian wrote in the filing that Marcario’s last day would be Jan. 1, and that she was leaving to “focus on other commitments.” Rivian’s board will shrink from eight members to seven following her resignation.

Marcario has served on Rivian’s board of directors since January 2021, a role she took on after 12 years as CEO (and eventual CEO) of Patagonia. Before her appointment, Rivian CEO RJ Scaringe was frequently described His goal is for the company to become “the Patagonia of electric vehicles.”

Rivian said on Friday that Marcario will continue her role as chair of the board of trustees overseeing the Rivian Foundation. She serves on the board alongside Scaringe, Rivian’s chief sustainability officer, Anisa Kamadoli Costa, and conservationist Ed M. Norton.

The Rivian Foundation was created ahead of the company’s IPO in 2021, and was initially given 1% of the company’s shares in order to make the “natural world” a “stakeholder in (Rivian’s) success.” The organization remained quiet for the first few years as Rivian’s stock price fell from its post-IPO highs. Announced first $10 million in grants in 2024.

This year, the Rivian Foundation It has been published Another $2.6 million worth of prizes on its website.

“We would like to thank her for her leadership of the Rivian Board of Directors over the past five years, and we look forward to her continued leadership of the Rivian organization,” a company spokesperson said in a statement.