Rivian names former Magna unit executive as chief of operations

Rivian has named Frank Klein, a former president of Canadian auto parts maker Magna International, its chief operating officer, at a time when the electric car maker has reduced its production forecast for 2022.

During his tenure at Austria-based unit Magna Steyr, Klein oversaw the shift into the electric mobility manufacturing space, including production of the first electric vehicle made by a contract manufacturer, Rivian said Monday.

Before that, he held various management positions at the German car manufacturer Daimler AG for nearly three decades and was responsible for setting up the Mercedes-Benz plant in Kecskemét, Hungary.

Klein will be based in Normal, Illinois, where Rivian currently manufactures its vehicles. The company said last year it would establish its second US manufacturing facility in Georgia. Production at the Georgia plant is planned for 2024.

Rivian said last week that supply chain problems could halve planned production to 25,000 vehicles by 2022.

Klein succeeds Rod Copes, who retired in December.

Amazon-backed Rivian recently raised its prices by 20% but rolled them back on orders booked before March 1 after a backlash.

(Reporting by Eva Mathews and Tiyashi Datta in Bengaluru)