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A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. One option was to sell Patagonia and donate all the money. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. But Patagonia Works has been organized primarily to incubate new companies or investments that will, through an infusion of common values, make good on our commitment to save our home planet.. Investments of any size will be limited to like-minded, responsible businesses. He has extensive experience working with direct action environmental groups, having served on the boards of Access Fund, Protect Our Winters, the European Outdoor Group and the Soil Heroes Foundation. He wanted to do things his own way and on his own terms. 0000002888 00000 n Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia Inc. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Introducing Patagonia Works, a new kind of holding company. 0000001780 00000 n I never wanted to be a businessman. The estimated total pay for a Director at Patagonia is $260,402 per year. 0000010398 00000 n With 20 years as an outdoor industry professional, and as a lifelong climber and someone who enjoys biking, running and skiing, she has deep roots in Patagonias sport communities. Ryan Gellert has been named the new CEO of Patagonia Works- he has a proven track record and heaps of experience in leadership, international business, and the daily functioning of Patagonia, as well as their future goals. This is our purpose. The Chouinard family will guide the Patagonia Purpose Trust, electing and overseeing its leadership. Ambitions dont get much bigger than that. Patagonia is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. 11 ; Sharing Best Practices . But we couldnt be sure a new owner would maintain our values or keep our team of people around the world employed. That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. Patagonia Works will also serve as an umbrella for new businesses the company invests in or develops in the future. The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. Patagonia operates its apparel and equipment, food, and related businesses through the following subsidiaries: Patagonia, Inc. (apparel and equipment), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), Fletcher Chouinard Designs, Inc. (surfboards), Tin Shed Ventures, LLC (investments), and Worn Wear, Inc. (used and upcycled apparel), and Great Pacific Child Development Center (onsite childcare and development). But while we and others do take meaningful steps to mitigate the impact we have on the planet, Patagonias new ownership structure introduces a new model that goes far beyond anything that exists today. What is Patagonia Works? What is Patagonia Works?Patagonia Works succeeds Lost Arrow Corporation as the holding company for Patagonia, Inc. (apparel), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), and future investments and joint ventures. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. Message and data rates may apply. Another path was to take the company public. PATAGONIA WORKS FISCAL YEAR 2013 7 In 2011, in preparation for our conversion to a benefit corporation, Patagonia developed specific public benefit purposes to reflect our values and mission. Ryan is the right person with the best experience and leadership approach to guide our company. Introducing Patagonia Works, a new kind of holding company by Yvon Chouinard - May 6, 2013. . Continuing to disregard this issue would ignore an important factor regarding future hydropower decisions and further exacerbate the climate crisis. Twitter Instagram Facebook Google+ | Patagonia.com. Thank you for hosting the May 12, 2022 hearing on Modernizing Hydropower: Licensing and Reforms for a Clean Energy Future, before the Subcommittee on Energy of the Committee on Energy and Commerce. You have exceeded the maximum number of line items for your cart (50). Gellert has served as the brand's general manager of Europe, the Middle [] As the business leader I never wanted to be, I am doing my part. Some individual facilities emit large amounts of GHGs, at levels equal to or greater than the GHG emissions from equivalent coal- and gas-fired power plants. Patagonia's key executives include Ryan Gellert and 8 others. But this is our time, and as a company we are prepared to lead and to help citizen activists and businesspeople of conscience create a healthier planet for all life. But ourmission prepares us to help lead citizen activists and business people of conscious to urgently work to create a healthier planet for all life. Patagonia will remain a B Corp and continue to give one percent of sales each year to grassroots activists. Please reach out if you have questions about any of the above comments. 0000003522 00000 n What is the Holdfast Collective and what does it do? See the original here. Sept. 25, 2020: Patagonia Works has a new CEO: Ryan Gellert. Text STOP to cancel. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. He will be supported by our incredible leadership team, both new and ongoing, and staff of all levels, who have helped make our company what it is today. The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and yoga, as well as other outdoor activities. A copy of the rulemaking petition to EPA is attached, and we are happy to provide additional information on this issue. As we began to witness the extent of global warming and ecological destruction, and our own contribution to it, Patagonia committed to using our company to change the way business was done. Were in business to save our home planet. Whats changed now is that the company has additional stewardship from the Patagonia Purpose Trust. With 20 years as an outdoor industry professional, and as a lifelong climber and someone who enjoys biking, running and skiing, she has deep roots in Patagonias sport communities. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. Need it sooner? 21, 2022). Text HELP for help. The Willow Project calls for construction of up to five drill pads with up to 50 wells on each pad, a road system, an airstrip, pipelines, a gravel mine and more. And that bestows on our family a serious responsibility. Why will each company under Patagonia Works beorganized as a B Corp? Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. Earthjustice appreciates the Subcommittees focus on increasing the role of Tribes and Native groups in hydropower development, and the recognition that hydropower facilities cause significant harms to fish, wildlife, and ecosystems. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); 2008-2022. What are the responsibilities of Patagonia Works as the holding company?The Responsibilities of Patagonia Works: Incubate environmentally responsible companies, Extend the reach and the influence of the brand to new markets, Offer a new way to measure return on invested capital, Provide long-term economic health with consideration of environmental and social risk, Promote The Responsible Economy, Patagonia's ongoing environmental campaign, Provide best-quality shared services and allow each business to focus on product,quality, sales and customer experience, What are the current key channel companies under the Patagonia Works umbrella?Patagonia, Inc. (apparel)Patagonia Provisions, Inc. (food)Lost Arrow, Inc. dba Lost Arrow Project (government)Patagonia Media, Inc (books, films, multimedia projects)Fletcher Chouinard Designs, Inc. (surfboards)Tin Shed Ventures, LLC (investments)Worn Wear, Inc. (used and upcycled apparel). He also launched Patagonia Action Works in the region,an online tool to connect people with local and global environmental groups, allowing them to take action on causes they care about. Were in business to save our home planet. No ones expectations of Patagonia are higher than our own. Flexible shipping options are available. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Jenna Johnson, who previously led Patagonias technical outdoor business, will serve as head of Patagonia, Inc., where she will oversee Patagonias apparel and equipment division as the company works to align its business more stronglywith its mission and sport communities. No. Patagonia is not immune to the health, economic, social and climate crises we are facing, and the last year has been one of the most challenging in our companys history. In a very short time, the Coalition has launched an index of social and environmental performance that designers (and eventually consumers) can use to make better decisions when developing products or choosing materials. More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. Learn more about our environmental and social responsibility program. In all those years, his vision has never wavered. 0000001931 00000 n They are the future of business if we want to build a better world, and that future starts with what Yvon is doing now. Charles Conn, chair of the board, As founder of a company that has been in business for nearly 50 years, Ive seen the positive and negative impact a business can have on its communities and employees. We gave away 1% of sales each year. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. Employees are at the core of Patagonias success and this new ownership structure is an irrevocable commitment to protect the purpose and values that attracted all of us to the company in the first place. It will help ensure that there is never deviation from the intent of the founder and to facilitate what the company continues to do best: demonstrate as a for-profit business that capitalism can work for the planet. He will be supported by our incredible leadership team, both new and ongoing, and staff of all levels, who have helped make our company what it is today. Chouinard, his wife and two adult children CHILDREN 0.0% have transferred their ownership of Patagonia, valued at about $3 3 0.0% billion, to a specially designed trust and a nonprofit. Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. Burning the oil produced from this project would release more than 260 million metric tons of carbon dioxide into the atmosphere, equivalent to the emissions from 66 new coal-fired power plants per year. %PDF-1.4 % Sign up to receive our bi-monthly email newsletter. Patagonias new owners are the Holdfast Collective and the Patagonia Purpose Trust. Quinney College of Law at the University of Utah; an MBA from the Florida Institute of Technology; and a BSBA in finance from the University of North Carolina at Charlotte. Track orders, save products, easy hassle-free returns & exchanges. Ryan has lived and worked in the United States, Asia and Europe. Sign up for exclusive offers, original stories, activism awareness, events and more. Create a free Patagonia account. If we have any hope of a thriving planetmuch less a businessit is going to take all of us doing what we can with the resources we have.This is what we can do. This elite creative team also includes Tin Shed Ventures and Patagonias repair, share and recycle business, Worn Wear. 0000003003 00000 n At a minimum, Patagonia urges Congress to include the following priorities in the updated budget reconciliation package: Ensure federal investments to accelerate the transition to affordable, secure, domestic clean energy. 0000001559 00000 n Patagonia has been breaking the mold for decades, and now they have shattered it. Our team would welcome the opportunity for more dialogue. Notably, a 2020 scientific study co-authored by a U.S. Environmental Protection Agency (EPA) researcher estimated that reservoirs in Ohio are the states fourth largest anthropogenic source of methane emissions.3. In 2018, we changed our official reason for being to amplify . We are committed to the lifelong work of being better anti-racists and to being more inclusive as we live up to our mission of saving the planet, said Kris Tompkins, who was Patagonias first CEO and currently serves on the companys board of directors. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia, Inc. From Patagonia: Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. (Podcast). Web SpecialsSave on Gear for Your Next Trip. There will be no changes to the Environmental Grants Program or the company's 1% for the Planet earth-tax. Its unique ownership structure reflects that Earth is its only . Board of Directors & Advisory Board Environmental Defense Center . The funding will come from Patagonia: Each year, the money we make after reinvesting in the business will be distributed as a dividend to help fight the crisis. Patagonia covers the cost of medical insurance for all part-time and full-time employees; we offer the same high-quality health plans to all employees: U.S. employees on our health plans are covered for abortion care. Thank you for your efforts to deliver a holistic solution to this problem. This reporting will allow regulators, policymakers, and the public to have access to accurate and timely information on these facilities GHG emissions. hb```b`` a`e````@ G d`5,,;V1cec`gc)4Ei[awY*YzX21Uu5?V=lO2f(cC"[@s*ECB-l[@NO.*`2U84fv&Gv:m3cSK[Tb.P8"")Qr)\vYsrGPbGMx ? Bobby L. Rush, ChairmanHouse Subcommittee on EnergyHouse Committee on Energy & Commerce 2125 Rayburn House Office Building Washington, DC 20515, Fred Upton, Ranking MemberHouse Subcommittee on EnergyHouse Committee on Energy & Commerce 2322 Rayburn House Office Building Washington, DC 20515, Re: Hydropower Licensing Reform and Greenhouse Gas Emissions from Hydropower Facilities. Williams will continue to report to the CEO in this critical new role. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. The work ahead promises to be more important and satisfying than anything we have done so far, and we are beyond excited for what the future holds.. The work ahead promises to be more important and satisfying than anything we have done so far, and we are beyond excited for what the future holds.. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Caring for employees is the responsibility of business. Ryan is the right person with the best experience and leadership approach to guide our company. Explore our guide to Patagonia. Angling Trade E-Survey: Whats the ideal age to start teaching a kid fly fishing? Patagonia Works is the holding company for Patagonia, Inc. (apparel and equipment), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), Lost Arrow Solutions (government), Fletcher Chouinard Designs, Inc. (surfboards), Tin Shed Ventures, LLC (investments), and Worn Wear, Inc. (used and upcycled apparel). If we have any hope of a thriving planetmuch less a thriving business50 years from now, it is going to take all of us doing what we can with the resources we have. B Corps (benefit corporations) are a new kind of corporation legally required to: 1) have a corporate purposeto create a material positive impact on society and the environment; 2) redefine fiduciary duty to requireconsideration of the interests of workers, community and the environment; and 3) publicly report annuallyon overall social and environmental performance using a comprehensive, credible, independent, andtransparent third party standard. Prior to his appointment to this global role, Ryan spent six years as Patagonias general manager of Europe, the Middle East and Africa. Ryan Gellert, CEO of Patagonia and Patagonia board member said: Two years ago, the Chouinard family challenged a few of us to develop a new structure with two central goals. In addition, he was a founding individual member of 1% for the Planet. The company shared the news first with its employees in a global town hall event on September 14, 2022. Todays decision by the Supreme Court has made it harder to address the existential threat posed by the climate crisis, which affects all Americans, but disproportionately impacts low-income and historically marginalized communities. Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. Ryan Gellert Chief Executive Officer Matt Dwyer VP, Product Impact & Innovation Glen Morden VP, Product Creation Cara Chacon VP, Social & Environmental Responsibility Bruce Old VP, Global Wholesale K. Corley Kenna Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. If we have any hope of a thriving planetmuch less a businessit is going to take all of us doing what we can with the resources we have. September 14, 2022 when the board of directors determines that doing so may produce a material positive impact on the environment. I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. But its also resilient. In addition to this role, Dr. Soley is Chairman and CEO of the Object Management Group. Our participation helps us to stay at the forefront in developing environmentally conscious textiles, and enables us to share our experience with others from our many years using organic cotton and recycled fabrics. That means offering employees the dignity of access to reproductive health care. Her work focuses on fostering collaborative partnerships with a number of national nonprofits and decision-makers at the federal level to ensure access to and infrastructure for inspiring outdoor recreation opportunities. An avid climber and backcountry snowboarder, Ryan has climbed and ridden all over the world. A growing body of scientific studies over the past two decades have established that dams and reservoirs produce and emit substantial amounts of carbon dioxide, methane, and nitrous oxide.1 These greenhouse gas (GHG) emissions include reservoir surface emissions, which occur when dams trap organic material and leached synthetic fertilizers that decompose beneath a reservoirs water. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. We helped initiate the Sustainable Apparel Coalition. This unnecessary production would cause devastating, long-term destruction to the health of the planet and the Western Arctic ecosystem, which supports caribou, geese, loons, salmon, polar bears and bowhead whales, along with Indigenous communities who rely on these traditional food sources. Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. Patagonia Inc. Patagonia, Inc. operates as an apparel store. Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Hans is the Environmental Campaigns and Advocacy Director at Patagonia . Resources to make informed decisions at the ballot box. This is what we can do. Concerned about the environmental impact? Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. They will also guide the philanthropic work performed by the Holdfast Collective. The funds name is a nod to the fact that $20 million is the starting amount with the ability to grow and, moreimportantly, with the ability to "change" the way business is done. Flexible shipping options are available. We can save our planet if we commit to it. Failure to recover endangered salmonids would be a failure to honor treaties between the U.S. government and tribes. Concerned about the environmental impact? Ive made no secret that I hold a fairly skeptical view of the business world. While were doing our best to address the environmental crisis, its not enough. Ryan Gellert will continue to serve as CEO and the Chouinard family will continue to sit on Patagonias board, along with Kris Tompkins, Dan Emmett, Dr. Ayana Elizabeth Johnson, Charles Conn (chair of the board), and Ryan Gellert. What does this mean for Patagonia employees? What is a B Corp (benefit corporation)? The company operates under a unique business model called the "Patagonia Provision Company." This business model allows the company to operate without a board of directors. But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. Create a free Patagonia account. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia Inc. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. Our Board of Directors Carolyn Shafer, President, has been part of the PARA board since 2012. Child-care stipends for parents who do not live near one of our child-care centers. Carolyn earned a bachelor's degree in Business Management from Florida Atlantic University and has worked in a variety of industries (e.g., law firms, power line construction, public charter school, art gallery). September 15, 2022, 5:30 AM PDT. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Were making Earth our only shareholder. H\n0~ Start-up or angel investments may be made in companies outside Patagonia Works that are not B Corps,members of 1% for the Planet or subscribers to a social and environmental performance index. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia, Inc. September 24, 2020 by Patagonia VENTURA, Calif. (September 24, 2020) Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. 0000002368 00000 n No ones expectations of Patagonia are higher than our own. In order to truly understand and compare the climate-related costs and benefits of dam removal vs. continued dam operation, we need to quantify or at least estimate these climate impacts, over 50 years, including: o Annual and projected carbon equivalent emissions from dam and reservoir operations. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. But our mission prepares us to help lead citizen activists and business people of conscious to urgently work to create a healthier planet for all life. Web SpecialsSave on Gear for Your Next Trip. Twitter Instagram Facebook Google+ | Patagonia.com. Soon after, the website Patagonia.com was updated to state that Earth is now our only shareholder and to include a letter from founder Yvon Chouinard. And while there will be more tough days ahead as we challenge norms, I am excited to do the work alongside Patagonias talented and passionate professionals. If we want to protect nature and support communities, businesses cant continue to adhere to the prevailing economic model. Patagonias community which includes avid anglers, paddlers, and conservationists stands ready to support a strong plan in whatever way we can. The company announced today that Ryan Gellert will become CEO of Patagonia Works, the umbrella company for all its ventures, from clothing to smoked salmon to documentaries. Under Ryans stewardship, Patagonia launched its first global environmental campaign around a European initiative: Save the Blue Heart of Europe, an international crusade toprotect the last wild rivers of Europe from over 3,000 planned hydropower projects. Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. The last line of Patagonias mission statement is use business to inspire and implement solutions to the environmental crisis. Weve always taken that seriously. Angling Trade, LLC. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. Everything we do needs to ladder back to our mission of being in business to save our home planet, and we need to do that in a way that is just, equitable and inclusive of all people. By providing your email address, you agree to our Privacy Policy and Terms of Service. Acting together, Patagonia's board and the Patagonia Purpose Trust will work for the company's continued success over the long term while ensuring it stays true to its purpose and values. And environmental activism the wild natural world and knows Patagonias customers as a craftsman, making climbing for. Gv: m3cSK [ Tb.P8 '' '' ) Qr ) patagonia works board of directors, 2018! To sell Patagonia and donate all the money patagonia works board of directors hydropower decisions and further the! Impact on the environment Planet if we commit to it the value comes. 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