patagonia works board of directorspatagonia works board of directors

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. oIRcOk#v'lXvCuJp< x,Z.E>BZ,M@rcl./Na)&l 9m7e^T+%8m40**IjibSe >x2z)g$M^( KsT\)GHSqxlpJ :N;]H:n` ^ endstream endobj 2439 0 obj <>stream Buy used, trade in and fix your gear through Worn Wear. What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. Since 2014, he has elevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities. Patagonia continues to be a for-profit business, a certified B Corp and a California benefit corporation, making the best-quality products and honoring its obligation to preserve the financial health of the company while always considering the impact our business has on employees, customers and communitiesand on the health and vitality of the natural world. Its unique ownership structure reflects that Earth is its only . H\I0:.BD U@nh^ZzA"/U[ .5$`UG*G7-U\=,q#h9pw> /:$ 6`o*F*P` xXioo_B48 =7PnkxMAech9s"0`Ml~j.ji;y\F/\eZ{PpWa0~Y:jlO-w'!xYh=8~^US8J+wD. Nonvoting stock carries economic value but not decision-making authority. Reduce inequity by targeting climate and clean energy investments in disadvantaged and frontline communities. Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. 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.. Repeal the establishment of the Arctic National Wildlife Refuge oil and gas leasing program. 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). This is another way weve found to do our part. Biogeosciences 12, 19 (2020), 4Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. The estimated additional pay is $106,537 per year. And its true to form for my life-long friend and fellow environmentalist, Yvon Chouinard. Dan Emmett, Press images and illustration of Patagonias new structure: HERELetter to Our Community: You can find a PDF version HEREContact: For further information and interview requests: PatagoniaPress@patagonia.com. We must aim for this ultimate goal: bringing wild species back to natural, self-sustaining abundance. 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. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. 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. 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. Text STOP to cancel. Taldi serves on the Board of Directors of the . Will Patagonia as a company continue to donate 1% of sales for the planet? 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). The company shared the news first with its employees in a global town hall event on September 14, 2022. 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. 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. September 24, 2020 Patagonia has been breaking the mold for decades, and now they have shattered it. 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. 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. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, 0000049731 00000 n This is not the case. 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. Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. 0000004050 00000 n Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. 0000003003 00000 n 21, 2022). 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. By providing your email address, you agree to our Privacy Policy and Terms of Service. Gellert has served as the brand's general manager of Europe, the Middle [] 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. We will keep doing all of the great things that built Patagonia, and the company will keep doing its best to be a great employer. VENTURA, Calif. (September 14, 2022) Patagonia announced new ownership today, nearly 50 years since founder Yvon Chouinard began his experiment in responsible business. Were in business to save our home planet. Were in business to save our home planet. 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. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. 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. Everything we make has an impact on people and the planet. I am dead serious about saving this planet.. Re: Patagonias support for climate investments. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Today, my family and I are happy to launch $20 Million and Change, an internal fund to help like-minded, responsible start-up companies bring about positive benefit to the environment. 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. 0000000736 00000 n Patagonia serves customers worldwide. 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. But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. What is Patagonia Works? 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. I never wanted to be a businessman. This reporting will allow regulators, policymakers, and the public to have access to accurate and timely information on these facilities GHG emissions. Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. Introducing Patagonia Works, a new kind of holding company. 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. This is what we can do. Williams will continue to report to the CEO in this critical new role. The Patagonia Purpose Trust owns 2% of the company and all of the voting stock. Caring for employees extends beyond basic health insurance, so we take a more holistic approach to coverage and support overall wellness to which every human has a right. 0000008640 00000 n Additionally, all companieswill have direct sales as a component. In 2018, we changed our official reason for being to amplify . Williams will continue to report to the CEO in this critical new role. We can save our planet if we commit to it. 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. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Dam and reservoir operations also emit GHGs from several other emission points, including hydropower turbines, spillways, and downstream discharges. 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. All Rights Reserved. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); 2008-2022. In addition to this role, Dr. Soley is Chairman and CEO of the Object Management Group. 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. Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. 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. See the original here. Were making Earth our only shareholder. Investments of any size will be limited to like-minded, responsible businesses. Patagonias community which includes avid anglers, paddlers, and conservationists stands ready to support a strong plan in whatever way we can. 2430 0 obj <> endobj xref 2430 22 0000000016 00000 n 21, 2022), Twitter Instagram Facebook Google+ | Patagonia.com, Environmental justice, conservation and business groups, Letter to President Biden Regarding Willow Project, NEXT Energy Technologies Installs Energy-Generating Windows on Outdoor Retailer Patagonias Headquarters, Patagonia North America to close for last week of year, After 33 Years, Argentina Declares Historic Win for People and Planet, Funding Will Help Indigenous Communities Relocate to More Climate-Resilient Locations, Patagonia Opposes Pit Gravel Mine and Asphalt Plant Near the Madison River, Patagonia to young voters: you scare them, PATAGONIAS NEXT CHAPTER: EARTH IS NOW OUR ONLY SHAREHOLDER, Patagonia's Official Comment on Willow Project, Statement from Patagonia CEO Ryan Gellert on Utah Officials' Bears Ears, Grand Staircase-Escalante Lawsuit, Legal Agreements Block Drilling, Fracking Across 1 Million Acres in Central California, Letter in Support of Breaching Lower Snake River Dams, Petition-for-rulemaking-to-add-dams-and-reservoirs-as-a-source-category-under-the-Greenhouse-Gas-Reporting-Program.pdf (tellthedamtruth.com), Letter to Sen. Schumer Regarding Budget Reconciliation, Statement from Patagonia CEO Ryan Gellert on U.S. Supreme Court Decision West Virginia v. EPA, Letter to Sec. 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. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. 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. 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. 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. Text STOP to cancel. And while he is in good health now, he wanted to have a plan in place for the future of the company and the future of the planet. Create a free Patagonia account. Who is the CEO and President of Patagonia Works?Ryan Gellert is chief executive officer (CEO) of Patagonia Works and Patagonia, Inc. 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. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. We are committed to the lifelong work of being more inclusive, being anti-racists is essential to our mission to save life on our home planet, said Kris Tompkins, who was Patagonias first CEO and currently serves on the companys board of directors. Prior to his time at Patagonia, Gellert was president of Black Diamond, where he worked for nearly nine years. Patagonia Works ("Patagonia") is an outdoor apparel company with an almost 50-year history of environmental conservation and activism. As a climber and backcountry snowboarder, he loves the wild natural world and knows Patagonias customers as a peer. Board of Directors & Advisory Board Environmental Defense Center . 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. Patagonia, Inc. operates as an apparel store. No. Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. 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. Ryan Gellert as CEO and the leadership team, together with all of Patagonias employees, will continue to run the business under the direction of the board of directors. 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. Were in business to save our home planet. 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. I believe this plan that he and his family helped create is tectonic. More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. But its also resilient. 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Now is the time for Patagonia to take the next logical step: to reach out beyond the framework of the apparel and outdoor industries. Angling Trade E-Survey: Whats the ideal age to start teaching a kid fly fishing? Patagonia's key executives include Ryan Gellert and 8 others. Truth be told, there were no good options available. ` endstream endobj 2438 0 obj <>stream Failure to recover endangered salmonids would be a failure to honor treaties between the U.S. government and tribes. 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). 0000002368 00000 n Please remove some items to proceed. Despite its immensity, the Earths resources are not infinite, and its clear weve exceeded its limits. We ask that you hold a comment period of 120 days to allow for that input and to ensure permitting decisions are made in accordance with the Administrations climate and conservation goals. 0000007791 00000 n Christopher van Tienhoven was appointed to the Patagonia Board on June 10, 2015. Before joining Patagonia, he spent 15 years at Black Diamond Equipment, where he held a number of roles, including brand president, vice president of supply chain management and managing director of Black Diamond Asia. The last line of Patagonia's mission statement is . One Patagonia employee serves on its board of directors and another as an advisor. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. by Patagonia, Kicking off its next 50 years, the company is going purpose instead of going public. 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. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. The executive who had overseen the organization's business in Europe, the Middle East and Africa since 2014 now heads the. 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. 11 ; Sharing Best Practices . 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. Additional Quotes from Patagonia Board of Directors, I first met Yvon when he was around 24 and today, he is almost 84. We believe this new structure delivers on both and we hope it will inspire a new way of doing business that puts people and planet first.. Yvon Chouinard poses in front of a Patagonia store in 1993, two decades before transferring the entire ownership of the company to a nonprofit . Message and data rates may apply. . 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 Our team would welcome the opportunity for more dialogue. Patagonias mission statement inspired the creationof Patagonia Works, and that mission statement will be infused into each company and brand extensionwithin Patagonia Works. 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.. In 2000, Kristine Tompkins founded Conservacion Patagonica. Current Lower Snake River Dam fish mitigation measures rely heavily on hatchery production and non-volitional fish passage programs. 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. Its unique ownership structure reflects that Earth is its only shareholder: Profits not reinvested back into the business are paid as dividends to protect the planet. In all those years, his vision has never wavered. Sign up for exclusive offers, original stories, activism awareness, events and more. }gt%vP5pO*,K. I am honored and humbled by the opportunity andkeenly aware of the responsibility to lead this company in this critical time, stated Gellert. Founded by Yvon Chouinard in 1973, Patagonia Works (Patagonia) is a certified B Corporation based in Ventura, California. During that time, heelevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities, overseeing all sales, marketing, environmental and operational activities for the brand. 0000005669 00000 n 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. Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. 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. Ambitions dont get much bigger than that. Seize the opportunity to lead the world in clean energy manufacturing and deployment to create jobs, strengthen supply chains and reduce costs for customers. Hans is the Environmental Campaigns and Advocacy Director at Patagonia . An avid climber and backcountry snowboarder, Ryan has climbed and ridden all over the world. Williams will continue to report to the CEO in this critical new role. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Patagonias new owners are the Holdfast Collective and the Patagonia Purpose Trust. Yvon Chouinard, Patagonia founder, former owner, and current board member said: Its been a half-century since we began our experiment in responsible business. The Chouinard family will also guide the companys controlling shareholder, the Patagonia Purpose Trust, electing and overseeing Patagonias board of directors. They wanted us to both protect the purpose of the business and immediately and perpetually release more funding to fight the environmental crisis. Where restrictions exist, travel, lodging and food are covered. I dont like to think of myself as a businessman. For example, a scientific study shows that Hoover Dam and Lake Mead emit approximately 12.3 million metric tons of carbon dioxide equivalent (CO2e) annually, while Kentucky Lake annually emits over 1.8 million metrics tons of CO2e.2 Moreover, the collective GHG emissions of dams and reservoirs are significant. 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 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. Caring for employees is the responsibility of business. Gellert has overseen . You have exceeded the maximum number of line items for your cart (50). o Annual and projected carbon equivalent emissions from mitigation programs, including fish hatcheries, non-volitional fish passage, and sediment management. And, I am certain we will also have some fun along the way.. Patagonia Works could be an investor, or joint-venture partner. Everything we make has an impact on people and the planet. The Chouinard family will guide the Patagonia Purpose Trust, electing and overseeing its leadership. Thank you for your efforts to deliver a holistic solution to this problem. And that bestows on our family a serious responsibility. 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). Could Patagonia Works be considered an incubator for environmentally and socially responsiblecompanies?Absolutely. Sept. 25, 2020: Patagonia Works has a new CEO: Ryan Gellert. 0000009506 00000 n 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. Unfortunately, several participants at the hearing incorrectly characterized hydropower as a clean, carbon free resource. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. 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.

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