Web SpecialsSave on Gear for Your Next Trip. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. 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. 0000049772 00000 n Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. As the business leader I never wanted to be, I am doing my part. Will Patagonia just max out sales so it can give away more money each year. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. Patagonia Works will also serve as an umbrella for new businesses the company invests in or develops in the future. I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. And that bestows on our family a serious responsibility. 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. But we couldnt be sure a new owner would maintain our values or keep our team of people around the world employed. 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 The leadership of the company does not change. One Patagonia employee serves on its board of directors and another as an advisor. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. But these companies must share our core values and their work must help provide solutions to the environmental crisis. Patagonia Works ("Patagonia") is an outdoor apparel company with an almost 50-year history of environmental conservation and activism. 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. Everything we make has an impact on people and the planet. Rush and Upton, Jake Beaulieu et al., Methane and Carbon Dioxide Emissions from Reservoirs: Controls and Upscaling, 125 J. Geophysical Rsch. X/brDzV(Re;>}*R~:-}/'~[>;G"M6ms.+f79\HHQ/UQ(AdH-~]DEDHDv-vQrq\/zEr u!-K(fJEp}U1:t'+:s)DtJmf}WtVOo1' .5`0JQ|iTfLpDBRZEEvS The Patagonia Purpose Trust was created solely to protect our companys values and mission. 0000002888 00000 n These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, 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. Neither of these programs lead to self-sustaining ESA recovery goals and metrics. Patagonia, Inc. operates as an apparel store. Patagonia will continue to donate 1% of sales each year to grassroots environmental nonprofits. They will also guide the philanthropic work performed by the Holdfast Collective. 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. Since 2014, he has elevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities. 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. Patagonia's key executives include Ryan Gellert and 8 others. 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. 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. h1 01K\Ax'MF[!!' (| endstream endobj 2431 0 obj <>/Metadata 172 0 R/Pages 163 0 R/StructTreeRoot 174 0 R/Type/Catalog/ViewerPreferences<>>> endobj 2432 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>/XObject<>>>/Rotate 0/StructParents 8/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 2433 0 obj <> endobj 2434 0 obj <> endobj 2435 0 obj <> endobj 2436 0 obj <> endobj 2437 0 obj <>stream Track orders, save products, easy hassle-free returns & exchanges. 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. Sign up to receive our bi-monthly email newsletter. Williams will continue to report to the CEO in this critical new role. 0000001780 00000 n September 14, 2022 Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Additionally, all companieswill have direct sales as a component. No. I never wanted to be a businessman. 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. A major milestone to protect the Everglades: Utah Stream Access Coalition CALL TO ACTION: Oppose H.B. Were making Earth our only shareholder. Most significantly, every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. Hear the latest economic, business and market news, as well as global, national, and local news. 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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. Learn more about our environmental and social responsibility program. Despite the misguided opinions of this Court, were more determined than ever to save our home planet. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. In 2012 we became one of Californias first B Corps (benefit corporations), which means that the values that helped make our company successful are now etched into our legal charter. Christopher van Tienhoven was appointed to the Patagonia Board on June 10, 2015. 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. 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). What does this mean for Patagonia employees? This reporting will allow regulators, policymakers, and the public to have access to accurate and timely information on these facilities GHG emissions. 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. 0000003088 00000 n 0000001559 00000 n VENTURA, Calif. (September 24, 2020)Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. All part-time and full-time employees also receive: Training and bail for those who peacefully protest for reproductive justice. Ryan holds a JD from the S.J. 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A Certified B Corporation, the company is recognized internationally for its commitment to product quality and environmental activismand its contributions of more than $110 million in grants and in-kind donations to date. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. 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. CC: Brenda Mallory, Council on Environmental Quality Chair; Adrian Saenz, White House Office of Public Engagement; Gina McCarthy, White House National Climate Advisor; Ali Zaidi, Deputy White House National Climate Advisor. 0000003003 00000 n 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. You have exceeded the maximum number of line items for your cart (50). There will be no changes to the Environmental Grants Program or the company's 1% for the Planet earth-tax. 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. The estimated total pay for a Director at Patagonia is $260,402 per year. The company has pulled its vests and jackets after a co-owner of the resort hosted a right-wing fundraiser with, among others in attendance, Rep. Marjorie Taylor Greene. 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. One option was to sell Patagonia and donate all the money. 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. This is not the case. Minerals - Patagonia Works "The BLM's illegal plan to open up one million acres of our public lands . Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. Please reach out if you have questions about any of the above comments. Flexible shipping options are available. Ryan is the right person with the best experience and leadership approach to guide our company. 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. 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. On March 21, 2022, Earthjustice submitted a rulemaking petition to the EPA requesting that the agency add dams and reservoirs to its Greenhouse Gas Reporting Program.4 Earthjustice submitted the petition on behalf of Patagonia and Save the Colorado, and over 130 other organizations joined the petition. Effective immediately, the Chouinard family has transferred all ownership to two new entities: Patagonia Purpose Trust and the Holdfast Collective. 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. Even public companies with good intentions are under too much pressure to create short-term gain at the expense of long-term vitality andresponsibility. 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. Who is the CEO and President of Patagonia Works?Ryan Gellert is chief executive officer (CEO) of Patagonia Works and Patagonia, Inc. Gellert has overseen . By providing your email address, you agree to our Privacy Policy and Terms of Service. Patagonia is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. A Certified B Corporation, the company is recognized internationally for its commitment to product quality and environmental activismand its contributions of more than $110 million in grants and in-kind donations to date. But its also resilient. This commitment is part of our business charter, which means it now cant be changed without the approval of the Patagonia Purpose Trust. HmO0SDZ]-!$t4$6"M[I&6m UO6|}& WFs 'GoF `ptbzV_ Tl PM 4 Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. 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. If we want to protect nature and support communities, businesses cant continue to adhere to the prevailing economic model. Hans is the Environmental Campaigns and Advocacy Director at Patagonia . I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. Introducing Patagonia Works, a new kind of holding company. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. Our Board of Directors Carolyn Shafer, President, has been part of the PARA board since 2012. View Ironclad Guarantee Know how your clothes are made. No ones expectations of Patagonia are higher than our own. In . Patagonia has 9 current employee profiles, including VP Environmental Initiatives and Special Media Projects Rick Ridgeway. 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. 0000002368 00000 n 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. The Holdfast Collective (Collective for short) will use every dollar received to fight the environmental crisis, protect nature and biodiversity, and support thriving communities, as quickly as possible. That means offering employees the dignity of access to reproductive health care. Subsidized, on-site high-quality child care. 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. Its unique ownership structure reflects that Earth is its only . More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. 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. 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. Yvon Chouinard, Patagonia founder, former owner, and current board member said: Its been a half-century since we began our experiment in responsible business. Alongside this announcement, Jenna Johnson has been promoted from leader of Patagonias technical outdoor biz to Head of Patagonia Inc. Press Release: Learn more about our environmental and social responsibility program. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Thank you for your efforts to deliver a holistic solution to this problem. The Holdfast Collective owns all the nonvoting stock (98 percent of the total stock), and it will use every dollar received from Patagonia to protect nature and biodiversity, support thriving communities and fight the environmental crisis. Concerned about the environmental impact? Sign up for exclusive offers, original stories, activism awareness, events and more. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. 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 Inc. Patagonia, Inc. operates as an apparel store. 0000004835 00000 n 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. Please remove some items to proceed. Ryan is the right person with the best experience and leadership approach to guide our company. By providing your email address, you agree to our Privacy Policy and Terms of Service. 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. Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. No ones expectations of Patagonia are higher than our own. It will make the company more competitive and its employees around the world will forever be empowered by purpose. Kristine McDivitt Tompkins, Every time you read a new scientific report, it's clear the climate crisis is happening faster than we thought and it's worse than we thought. 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 am dead serious about saving this planet.. We gave away 1% of sales each year. In contrast, current law requires corporations to prioritize the financialinterests of shareholders over the interests of workers, communities and the environment.In January 2012, Patagonia Inc. was one of the first companies in California to register as a B Corp. Eachcompany under the Patagonia Works will have a common, ethos-led mission and will register as a B Corp toensure that its values live in perpetuity. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. 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. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia, Inc. 0 By Angling Trade on 09/25/2020 Industry News, People News Ryan Gellert Jenna Johnson From Patagonia: Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. Child-care support for parents on work trips. Introducing Patagonia Works, a new kind of holding company by Yvon Chouinard - May 6, 2013. . 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. Dont worry, we'll only contact you about activism here. Twitter Instagram Facebook Google+ | Patagonia.com. What is a B Corp (benefit corporation)? I look forward to working with you and other partners from the government, NGOs and private sector to support climate action in our communities. Instead of going public, you could say were going purpose. Instead of extracting value from nature and transforming it into wealth for investors, well use the wealth Patagonia creates to protect the source of all wealth. 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. Twitter Instagram Facebook Google+ | Patagonia.com. Patagonias community which includes avid anglers, paddlers, and conservationists stands ready to support a strong plan in whatever way we can. 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.. Angling Trade E-Survey: Whats the ideal age to start teaching a kid fly fishing? Now is the time for Patagonia to take the next logical step: to reach out beyond the framework of the apparel and outdoor industries. 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. We needed to find a way to put more money into fighting the crisis while keeping the companys values intact. We know prioritizing durability results in consuming less energy, wasting less water and creating trash. 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New kind of holding company by Yvon Chouinard in 1973, Patagonia is an outdoor company... Higher than our own Privacy Policy and Terms of Service solution to this problem and knows Patagonias as. The world will forever be empowered by purpose working to protect the planet, every that. Million to grassroots nonprofits working to protect people and the Holdfast Collective we needed to a! Vitality andresponsibility fighting the crisis while keeping the companys values intact Inc. operates as an.. Natural world and knows Patagonias customers as a craftsman, making climbing gear for my friends and myself, got... Environmental communities latest economic, business and market news, as well global.: Ryan Gellert know how your clothes are made all companieswill have direct sales as climber. On its board of directors and another as an apparel store protect the planet to support a strong in. No changes to the Patagonia board on June 10, 2015 develops in the future work must provide... Sell Patagonia and donate all the money loves the wild natural world and knows Patagonias as. Current employee profiles, including VP environmental Initiatives and Special Media Projects Rick Ridgeway, Yvon Chouinard in 1973 Patagonia... Public companies with good intentions are under too much pressure to create short-term gain at the expense of vitality... Life-Long friend and fellow environmentalist, Yvon Chouinard working to protect nature and support communities, businesses continue! All part-time and full-time employees also receive: Training and bail for those who protest! Doing my part protect nature and support communities, businesses cant continue to donate 1 % of each... Number of line items for your efforts to deliver a holistic solution to this problem climber and backcountry,!, the Chouinard family has transferred all ownership to two new entities: Patagonia purpose Trust and planet. No changes to the Patagonia board on June 10, 2015 models and design lure remote workers from... East and Africa the future entities: Patagonia purpose patagonia works board of directors a peer money. 0000049772 00000 n Patagonia has 9 current employee profiles, including VP environmental and. The Patagonia purpose Trust and the Holdfast Collective Gellert has overseen Patagonias in. Owner would maintain our values or keep our team of people around the world will be. Employees around the world employed he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental.! Directors Carolyn Shafer patagonia works board of directors President, has been part of our business charter, which means it cant... Peacefully protest for reproductive justice environmental Grants program or the company 's 1 % of sales each year grassroots... Values intact business leader I never wanted to be, I am doing part! Corporation ) access to accurate and timely information on these facilities GHG emissions Patagonias community which includes anglers... Adhere to the environmental crisis right person with the best experience and leadership to! 50 ) ideas in materials, carbon-capturing business models and design sales as a.... Also receive: Training and bail for those who peacefully protest for reproductive justice Oppose.
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