Rivian CEO RJ Scaringe's voting control slips following divorce settlement
1. RJ Scaringe transferred 4 million shares and 6 million options due to divorce. 2. His voting power decreased from 7.6% to approximately 4% post-settlement. 3. The ownership shift is not expected to impact Rivian's operations. 4. Rivian is focused on new vehicle lineups to boost sales amid changes. 5. Volkswagen owns 12.3% of Rivian, influencing major shareholder dynamics.