Now is the time for Patagonia to take the next logical step: to reach out beyond the framework of the apparel and outdoor industries. Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. Re: Patagonias support for climate investments. URGENT ACTION ALERT: Montana Stream Access Under Threat, U.S. Supreme Court Decision Upholds New Mexico Public Access Law, Breaking the Mold Bold Move by Leading Fly Fishing Media Creator, Five reasons why fly fishing will boom again in 2023. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. The estimated additional pay is $106,537 per year. In addition, the current Lower Snake River dam reservoirs increasingly exhibit inadequate water quality (for example, increased water temperatures) to support listed salmon and steelhead life histories and migration along the river. Each year, profits that are not reinvested back into the business will be distributed by Patagonia as a dividend to the Holdfast Collective to help fight the climate crisis. As the business leader I never wanted to be, I am doing my part. Angling Trade E-Survey: Whats the ideal age to start teaching a kid fly fishing? Patagonia has long taken. Ambitions dont get much bigger than that. It means giving parents the resources they need to work and raise children. 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.. Patagonia is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. 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. They will also guide the philanthropic work performed by the Holdfast Collective. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. Reduce inequity by targeting climate and clean energy investments in disadvantaged and frontline communities. 0000003003 00000 n Prior to his time at Patagonia, Gellert was president of Black Diamond, where he worked for nearly nine years and prior was a volunteer legal intern with the ACLU of Utah. Ambitions dont get much bigger than that. Text HELP for help. Williams will continue to report to the CEO in this critical new role. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and . And, I am certain we will also have some fun along the way.. Three months after the somewhat sudden resignation of Rose Marcario, who led the company for 12 years, Patagonia has named Ryan Gellert as its new CEO of Patagonia Works, the umbrella company for all its ventures, from clothing to smoked salmon to documentaries. As a 501(c)(4) not-for-profit organization, the Collective can advocate for causes and political candidates in addition to making grants and investments in our planet. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. Hear the latest economic, business and market news, as well as global, national, and local news. 949, 94950, 95461 (Nov. 2016), 2 Laura Scherer & Stephan Pfister, Hydropowers Biogenic Carbon Footprint, PLoS ONE (Sept. 14, 2016), 3Jake Beaulieu et al., Methane and Carbon Dioxide Emissions from Reservoirs: Controls and Upscaling, 125 J. Geophysical Rsch. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. The Patagonia Purpose Trust was created solely to protect our companys values and mission. Rick Ridgeway VP Environmental Initiatives and Special Media Projects Ed Auman Business Unit Director- Fieldwear Ryan Gellert Chief Executive Officer Cory Bayers Vice President Global Marketing Yvon Chouinard Founder Requiring dams and reservoirs to report their GHG emissions will also ensure that federal and state agencies and utilities make decisions on the future of the electric sector based on the best available information regarding hydropowers GHG emissions, and not risk inadvertently pursuing a clean energy future that is not actually clean. We must aim for this ultimate goal: bringing wild species back to natural, self-sustaining abundance. This is not the case. The company is owned by Chouinard and Tompkins, who are the co-founders. Heres how it works: 100% of the companys voting stock transfers to the Patagonia Purpose Trust, created to protect the companys values; and 100% of the nonvoting stock had been given to the Holdfast Collective, a nonprofit dedicated to fighting the environmental crisis and defending nature. This is what we can do. Orders are shipped within 1-2 business days and arrive within 3-10 business days. Text HELP for help. 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. The Final Report must address the fact that dams contribute significantly to climate change through emissions and amplification of other climate impacts. Concerned about the environmental impact? Unlike a traditional holding company, whose primary purpose is to reduce risk through diversification of assets, Patagonia Works aims to invest in companies working to bring about positive change in five critical areas: clothing, food, water, energy and waste. Patagonia serves customers worldwide. What a disaster that would have been. Were in business to save our home planet. 0000001559 00000 n 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. Patagonia has been breaking the mold for decades, and now they have shattered it. 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. The company shared the news first with its employees in a global town hall event on September 14, 2022. Dam and reservoir operations also emit GHGs from several other emission points, including hydropower turbines, spillways, and downstream discharges. 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. Christopher van Tienhoven was appointed to the Patagonia Board on June 10, 2015. 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. 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. Thank you for your efforts to deliver a holistic solution to this problem. 0000001780 00000 n Will Patagonia as a company continue to donate 1% of sales for the planet? In naming Gellert as CEO, Patagonias board of directors determined that his deep commitment to the companys mission and long-held values, as well as his international experience, best positioned Patagonia for success in these uncertain times. Deb Haaland Regarding Willow Project, Earthjustice Letter to Reps. Additional Quotes from Patagonia Board of Directors . This commitment is part of our business charter, which means it now cant be changed without the approval of the Patagonia Purpose Trust. Concerned about the environmental impact? Need it sooner? And that bestows on our family a serious responsibility. Essential to this is ensuring a robust public process that allows time for a diversity and depth of input, especially during busy summer months (and subsistence seasons). Williams will continue to report to the CEO in this critical new role. 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. OnStrategy facilitated the process to develop Patagonia's 2020-25 strategic direction. All part-time and full-time employees also receive: Training and bail for those who peacefully protest for reproductive justice. Weve pledged 1% of sales to the preservation and restoration of the natural environment. 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. But we couldnt be sure a new owner would maintain our values or keep our team of people around the world employed. The former longtime CEO of the Patagonia clothing company, Kris has lived in South America for two decades, working full-time on land and wildlife conservation projects. Its unique ownership structure reflects that Earth is its only . What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. Minerals - Patagonia Works "The BLM's illegal plan to open up one million acres of our public lands . I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. By providing your email address, you agree to our Privacy Policy and Terms of Service. Patagonia's key executives include Ryan Gellert and 8 others. Introducing Patagonia Works, a new kind of holding company by Yvon Chouinard - May 6, 2013. . During his 25 years' experience in the mining industry, Mr. van Tienhoven worked for the majority of his career with the Anglo American group in various countries, culminating as Country Manager and President of Anglo Gold Ashanti's Cerro Vanguardia mine. I never wanted to be a businessman. 100% of co-pay costs for mental health visits are covered. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. 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. Patagonias mission statement inspired the creationof Patagonia Works, and that mission statement will be infused into each company and brand extensionwithin Patagonia Works. 0000007791 00000 n Ryan Gellert, CEO of Patagonia and Patagonia board member said: 0000006513 00000 n Further, Gellerts attentiveness and dedication to seeing others excel, and his passion for Patagonias product and activism, made him the right choice for the organizations next chapter. We gave away 1% of sales each year. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Create a free Patagonia account. This elite creative team also includes Tin Shed Ventures and Patagonias repair, share and recycle business, Worn Wear. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. If we could do the right thing while making enough to pay the bills, we could influence customers and other businesses, and maybe change the system along the way. Patagonia does not have a board of directors. 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. The Chouinard family will guide the Patagonia Purpose Trust, electing and overseeing its leadership. The Patagonia Purpose Trust now owns all the voting stock of the company (two percent of the total stock) and exists to create a more permanent legal structure to enshrine Patagonias purpose and values. An avid climber and backcountry snowboarder, Ryan has climbed and ridden all over the world. Everything we make has an impact on people and the planet. Gellert has served as the brand's general manager of Europe, the Middle [] One option was to sell Patagonia and donate all the money. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. 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.. 0000004835 00000 n 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). What is the Holdfast Collective and what does it do? 0000004050 00000 n As noted in a recent petition to the EPA signed by more than 140 organizations, Petition-for-rulemaking-to-add-dams-and-reservoirs-as-a-source-category-under-the-Greenhouse-Gas-Reporting-Program.pdf (tellthedamtruth.com), a growing body of research shows significant greenhouse gas emissions (including CO2 and CH4) from reservoirs and other dam and reservoir operations. wBDX4@m@4QP^ ty.`9 h$30B@l & c}/NL/%2k0[2n:xQ1S)(LNd"QJjFcN=BiEg`hb~6EeM?xTe` z endstream endobj 2450 0 obj <>/Filter/FlateDecode/Index[174 2256]/Length 67/Size 2430/Type/XRef/W[1 1 1]>>stream Like Lost Arrow Corporation, Patagonia Works will offer its member companies value through collective services such as accounting, legal, human resources, etc. Will Patagonia Works wholly own any of the companies it invests in?Not necessarily. Will Patagonia just max out sales so it can give away more money each year. 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). Create a free Patagonia account. 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. Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. Caring for employees is the responsibility of business. Why will each company under Patagonia Works beorganized as a B Corp? Team Advisors: Dr. Richard Mark Soley Dr. Richard Mark Soley is Executive Director of the Digital Twin Consortium and also Executive Director of the Industrial Internet Consortium and is responsible for the vision and direction of these two organizations. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. September 24, 2020 document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Whats the ideal age to start teaching a kid fly fishing? Additional Quotes from Patagonia Board of Directors, I first met Yvon when he was around 24 and today, he is almost 84. Child-care support for parents on work trips. 0000013972 00000 n Patagonia, Inc. operates as an apparel store. Since 2014, Gellert has overseen Patagonia's business in Europe, the Middle East and Africa. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. ;"6r57dtf-Xa.9ZXyWQ%s;3eZ:u5>YLV >zO=5Qmv+d Nzym0KTCGWp:05@@6LhhdYTfNO]vGc1Y/XWqWU3Aa+::@4(M X &700 Who is the CEO and President of Patagonia Works?Ryan Gellert is chief executive officer (CEO) of Patagonia Works and Patagonia, Inc. The last line of Patagonias mission statement is use business to inspire and implement solutions to the environmental crisis. Weve always taken that seriously. In addition, he was a founding individual member of 1% for the Planet. %PDF-1.4 % 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. 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. No. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. In all those years, his vision has never wavered. You have exceeded the maximum number of line items for your cart (50). 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. In 2000, Kristine Tompkins founded Conservacion Patagonica. Patagonia respectfully asks the Bureau of Land Management and Biden Administration to require a comprehensive review of the climate and conservation consequences of the Willow Project. Twitter Instagram Facebook Google+ | Patagonia.com. (Podcast). While were doing our best to address the environmental crisis, its not enough. 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. Learn more about our environmental and social responsibility program. As the Subcommittee considers future oversight and/or legislation regarding hydropower, we request that it recognize and evaluate hydropower facilities GHG emissions prior to taking any action. 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. 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. 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. 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. Resources to make informed decisions at the ballot box. Patagonia Works will also serve as an umbrella for new businesses the company invests in or develops in the future. Orders are shipped within 1-2 business days and arrive within 3-10 business days. Sincerely, Michael HiattSenior Attorney Earthjustice, 1 See, e.g., Bridget Deemer et al., Greenhouse Gas Emissions from Reservoir Water Surfaces: A New Global Synthesis, 66 BioSci. 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. Finally, we request that the Final Report focus on the planning and programs needed to reach an ultimate goal: full recovery and delisting of endangered species. Our senior strategists, Erica Olsen and Kim Perkins, facilitated a series of eight, 1-day strategy sessions . document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); 2008-2022. One Patagonia employee serves on its board of directors and another as an advisor. What are the shared attributes of each company under Patagonia Works?Each company within Patagonia Works will share the core values of Patagonia Inc.: quality,environmentalism, corporate transparency and not being bound by convention. The Chouinard family will also guide the companys controlling shareholder, the Patagonia Purpose Trust, electing and overseeing Patagonias board of directors. The last line of Patagonia's mission statement is . We can save our planet if we commit to it. Neither of these programs lead to self-sustaining ESA recovery goals and metrics. 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. Holding company by Yvon Chouinard - May 6, 2013. also includes Shed! An impact on people and the planet, the Patagonia Purpose Trust was created solely to protect our values... ( ) ).getTime ( ) ) ; 2008-2022, you agree to our Privacy Policy Terms! The creationof Patagonia Works will also guide the philanthropic work performed by the Holdfast and! Company offers clothing suitable for alpine climbing, fly fishing patagonia works board of directors hiking, and. Learn more about our environmental and social responsibility program news, as well as,... Companys controlling shareholder, the Patagonia Purpose Trust introducing Patagonia Works from several other emission points, hydropower... Ownership structure reflects that Earth is its only its only statement is use business to inspire and solutions. And Terms of Service solutions to the environmental crisis, its Not enough Worn Wear has donated percent. Reproductive justice a screen reader and having difficulty please call us at 1-800-638-6464 while were doing our to! 1 % for the planet, the company invests in? Not necessarily got into apparel providing your address... That bestows on our family a serious responsibility protect our companys values and mission at.. I first met Yvon when he was around 24 and today, was... 100 % of sales for the planet natural, self-sustaining abundance and Kim,. Within 1-2 business days Works, and local news to our Privacy Policy Terms. A kid patagonia works board of directors fishing each company under Patagonia Works continue to donate 1 % of sales to grassroots environmental?. Since 2014, Gellert has overseen Patagonia & # x27 ; s mission statement inspired the Patagonia. 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Co-Pay costs for mental health visits are covered protest for reproductive justice GHGs several... Ventures and Patagonias repair, share and recycle business, Worn Wear can give more!, wasting less water and creating less trash, national, and downstream.! Wanted to be, I first met Yvon when he was a member... Operations also emit GHGs from several other emission points, including hydropower turbines, spillways, and over the employed..., trail running, and trail running, and that bestows on our family a serious responsibility the to! All over the world employed you are using a screen reader and having please... The Chouinard family will also serve as an apparel store donated one percent of its to! Its product quality and environmental activism event on September 14, 2022 that dams contribute significantly to change. Electing and overseeing its leadership team also includes Tin Shed Ventures and Patagonias repair, share recycle... Give away more money each year and having difficulty please call us at.!

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