I dont like to think of myself as a businessman. Despite its immensity, the Earths resources are not infinite, and its clear weve exceeded its limits. An avid climber and backcountry snowboarder, Ryan has climbed and ridden all over the world. Weve pledged 1% of sales to the preservation and restoration of the natural environment. But are these incentives worth packing a moving van? Gellert has overseen . 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. We started with our products, using materials that caused less harm to the environment. The estimated additional pay is $106,537 per year. 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. We became a certified B Corp and a California benefit corporation, writing our values into our corporate charter so they would be preserved. All Rights Reserved. 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 2018, we changed our official reason for being to amplify . Gellert has served as the brand's general manager of Europe, the Middle [] 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 mission statement inspired the creationof Patagonia Works, and that mission statement will be infused into each company and brand extensionwithin Patagonia Works. 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. Need it sooner? Patagonia will remain a B Corp and continue to give one percent of sales each year to grassroots activists. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. Introducing Patagonia Works, a new kind of holding company. Will Patagonia as a company continue to donate 1% of sales for the planet? If we want to protect nature and support communities, businesses cant continue to adhere to the prevailing economic model. 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. 0000008640 00000 n The company shared the news first with its employees in a global town hall event on September 14, 2022. Buy used, trade in and fix your gear through Worn Wear. 0000010398 00000 n Web SpecialsSave on Gear for Your Next Trip. Child-care stipends for parents who do not live near one of our child-care centers. 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. Williams will continue to report to the CEO in this critical new role. Since 2014, Gellert has overseen Patagonia's business in Europe, the Middle East and Africa. 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. Nonvoting stock carries economic value but not decision-making authority. Track orders, save products, easy hassle-free returns & exchanges. What is Patagonia Works? They will also guide the philanthropic work performed by the Holdfast Collective. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. 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.. ` endstream endobj 2438 0 obj <>stream Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. Each company may leverage the following shared corporateservices: environmental, legal, finance, technology, distribution, and human resources. Patagonia will continue to donate 1% of sales each year to grassroots environmental nonprofits. But we couldnt be sure a new owner would maintain our values or keep our team of people around the world employed. Create a free Patagonia account. Dont worry, we'll only contact you about activism here. H\n0~ What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. In . Twitter Instagram Facebook Google+ | Patagonia.com. Ryan is the right person with the best experience and leadership approach to guide our company. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. In addition to this role, Dr. Soley is Chairman and CEO of the Object Management Group. 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. 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. Another path was to take the company public. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. 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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. 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. 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. 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). Will Patagonia just max out sales so it can give away more money each year. 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. Each will be organized as a B Corp (benefit corporation), be amember of 1% for the Planet and utilize the Higg Index or other appropriate footprint-based measurementof social and environmental performance. In 2000, Kristine Tompkins founded Conservacion Patagonica. 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. 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. 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, Inc. operates as an apparel store. o Current loss of carbon sequestration from submerged landscapes and riparian forests downstream, and potential gains in carbon storage from restoration of those same landscapes. Patagonia Inc. Patagonia, Inc. operates as an apparel store. 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. 0000003522 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. 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. 2023 Patagonia, Inc. All Rights Reserved. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. 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. Seize the opportunity to lead the world in clean energy manufacturing and deployment to create jobs, strengthen supply chains and reduce costs for customers. 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 They will also guide the philanthropic work performed by the Holdfast Collective. Its unique ownership structure reflects that Earth is its only . But these companies must share our core values and their work must help provide solutions to the environmental crisis. 0000000736 00000 n In all those years, his vision has never wavered. What is a B Corp (benefit corporation)? Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. Our Board of Directors Carolyn Shafer, President, has been part of the PARA board since 2012. 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. Ryan Gellert, CEO of Patagonia and Patagonia board member said: 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. 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). See the original here. It owns all of the voting stock of the company, which gives it the right to approve key company decisions, like who sits on the board of directors and what changes can be made to the companys legal charter, including its reason for being and B Corp commitments. 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. Ambitions dont get much bigger than that. 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. Were in business to save our home planet. I am honored and humbled by the opportunity andkeenly aware of the responsibility to lead this company in this critical time, stated Gellert. Repeal the establishment of the Arctic National Wildlife Refuge oil and gas leasing program. Rush and Upton, Jake Beaulieu et al., Methane and Carbon Dioxide Emissions from Reservoirs: Controls and Upscaling, 125 J. Geophysical Rsch. Angling Trade, LLC. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. 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. Were making Earth our only shareholder. This elite creative team also includes Tin Shed Ventures and Patagonias repair, share and recycle business, Worn Wear. Ryan holds a JD from the S.J. 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.. 0000049731 00000 n Will Patagonia Works wholly own any of the companies it invests in?Not necessarily. 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. 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. Sept. 25, 2020: Patagonia Works has a new CEO: Ryan Gellert. 0000007081 00000 n Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. The company is owned by Chouinard and Tompkins, who are the co-founders. Re: Patagonias support for climate investments. This is what we can do. So, we created ourown. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. when the board of directors determines that doing so may produce a material positive impact on the environment. The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and . September 15, 2022, 5:30 AM PDT. 0000006513 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. Why? 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 Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. by Patagonia. Patagonia does not have a board of directors. All part-time and full-time employees also receive: Training and bail for those who peacefully protest for reproductive justice. 0000002888 00000 n 0000009506 00000 n Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. 0000004050 00000 n Please remove some items to proceed. 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. The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. Concerned about the environmental impact? 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. (Podcast). Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. View Robert Tadlock's business profile as IP Counsel & Director, Brand Protection at Patagonia. 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 Holdfast Collective owns 98% of the company and all of the nonvoting stock. 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. VENTURA, Calif. (September 24, 2020)Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. 0000013972 00000 n Text STOP to cancel. 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.. Additionally, all companieswill have direct sales as a component. We helped initiate the Sustainable Apparel Coalition. The Patagonia Purpose Trust was created solely to protect our companys values and mission. VENTURA, Calif. (September 14, 2022) Patagonia announced new ownership today, nearly 50 years since founder Yvon Chouinard began his experiment in responsible business. Whats changed now is that the company has additional stewardship from the Patagonia Purpose Trust. An assessment of current and projected reservoir water quality and suitability for listed fish species using available climate projections, for at least 50 years, would indicate whether or not such forecasted water quality and availability conditions can support wild, self-sustaining fish populations with the dams left in place. That means offering employees the dignity of access to reproductive health care. Caring for employees is the responsibility of business. 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). Sign up to receive our bi-monthly email newsletter. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. 2430 0 obj <> endobj xref 2430 22 0000000016 00000 n Hans is the Environmental Campaigns and Advocacy Director at Patagonia . Ambitions dont get much bigger than that. Unfortunately, several participants at the hearing incorrectly characterized hydropower as a clean, carbon free resource. Now is the time for Patagonia to take the next logical step: to reach out beyond the framework of the apparel and outdoor industries. Were in business to save our home planet. 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. Patagonia is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. Acting together, Patagonias board and the Patagonia Purpose Trust will work for the companys continued success over the long term while ensuring it stays true to its purpose and values. Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. It would also be a failure for the planet. Taldi serves on the Board of Directors of the . 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. In addition, he was a founding individual member of 1% for the Planet. 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. 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. The stakes could not be higher. 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. The Patagonia Purpose Trust owns 2% of the company and all of the voting stock. Its clear from our early reading of todays opinion that the Court has restricted the executive branchs ability to protect those who are most affected by climate change and to support communities on the front lines of climate activism. I am dead serious about saving this planet.. 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. 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. Biogeosciences 12, 19 (2020), Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. 0000001780 00000 n This reporting will allow regulators, policymakers, and the public to have access to accurate and timely information on these facilities GHG emissions. 0000003088 00000 n Ryan is the right person with the best experience and leadership approach to guide our company. But its also resilient. The leadership of the company does not change. The Final Report must address the fact that dams contribute significantly to climate change through emissions and amplification of other climate impacts. Message and data rates may apply. 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This commitment is part of our business charter, which means it now cant be changed without the approval of the Patagonia Purpose Trust. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. 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). 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.

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