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 company operates under a unique business model called the "Patagonia Provision Company." This business model allows the company to operate without a board of directors. Everything we make has an impact on people and the planet. Neither of these programs lead to self-sustaining ESA recovery goals and metrics. Text STOP to cancel. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. ;"6r57dtf-Xa.9ZXyWQ%s;3eZ:u5>YLV >zO=5Qmv+d Nzym0KTCGWp:05@@6LhhdYTfNO]vGc1Y/XWqWU3Aa+::@4(M X &700 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. 0000001780 00000 n Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. Patagonia has 9 current employee profiles, including VP Environmental Initiatives and Special Media Projects Rick Ridgeway. 0000049731 00000 n 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. What is a B Corp (benefit corporation)? The approach included connecting individually with each core team member, business unit director and channel VPs as part of the pre-planning process. I never wanted to be a businessman. The stakes could not be higher. hb```b`` a`e````@ G d`5,,;V1cec`gc)4Ei[awY*YzX21Uu5?V=lO2f(cC"[@s*ECB-l[@NO.*`2U84fv&Gv:m3cSK[Tb.P8"")Qr)\vYsrGPbGMx ? 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. Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. Please remove some items to proceed. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Patagonia is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. 21, 2022). Flexible shipping options are available. 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. 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. Create a free Patagonia account. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. 0000006513 00000 n Dont worry, we'll only contact you about activism here. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. H\n0~ Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. 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 strongly with its mission and sport communities. 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.This is what we can do. 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. 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 Willow Project is the largest oil extraction project currently proposed on U.S. federal lands. Patagonia's key executives include Ryan Gellert and 8 others. 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. The company shared the news first with its employees in a global town hall event on September 14, 2022. That means offering employees the dignity of access to reproductive health care. Text HELP for help. 100% of co-pay costs for mental health visits are covered. Continuing to disregard this issue would ignore an important factor regarding future hydropower decisions and further exacerbate the climate crisis. 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. 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. 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. 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. Find contact's direct phone number, email address, work history, and more. 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. Patagonia will continue to donate 1% of sales each year to grassroots environmental nonprofits. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. Alongside this announcement, Jenna Johnson has been promoted from leader of Patagonias technical outdoor biz to Head of Patagonia Inc. Press Release: Concerned about the environmental impact? Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. No. 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. I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. 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). Prior to his time at Patagonia, Gellert was president of Black Diamond, where he worked for nearly nine years. Executive headshots can be downloadedHERE. 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. But we couldnt be sure a new owner would maintain our values or keep our team of people around the world employed. The world is literally on fire. Reduce inequity by targeting climate and clean energy investments in disadvantaged and frontline communities. Current Lower Snake River Dam fish mitigation measures rely heavily on hatchery production and non-volitional fish passage programs. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. Twitter Instagram Facebook Google+ | Patagonia.com. 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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 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. And that bestows on our family a serious responsibility. by Patagonia. 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. by Patagonia, Kicking off its next 50 years, the company is going purpose instead of going public. Who is the CEO and President of Patagonia Works?Ryan Gellert is chief executive officer (CEO) of Patagonia Works and Patagonia, Inc. HmO0SDZ]-!$t4$6"M[I&6m UO6|}& WFs 'GoF `ptbzV_ Tl PM 4 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 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.. Concerned about the environmental impact? Patagonia's Chief Executive Officer is Ryan Gellert. This is our purpose. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Whats the ideal age to start teaching a kid fly fishing? 0000003522 00000 n While were doing our best to address the environmental crisis, its not enough. Voting stock has both economic value and decision-making authority. Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. 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. 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. Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. 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 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). Yes. Introducing Patagonia Works, a new kind of holding company. He will be supported by our incredible leadership team, both new and ongoing, and staff of all levels, who have helped make our company what it is today. The Willow Project calls for construction of up to five drill pads with up to 50 wells on each pad, a road system, an airstrip, pipelines, a gravel mine and more. An avid climber and backcountry snowboarder, Ryan has climbed and ridden all over the world. 0000004050 00000 n As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. 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. 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. We gave away 1% of sales each year. The Chouinard family will also guide the companys controlling shareholder, the Patagonia Purpose Trust, electing and overseeing Patagonias board of directors. Despite its immensity, the Earths resources are not infinite, and its clear weve exceeded its limits. It would also be a failure for the planet. Repeal the establishment of the Arctic National Wildlife Refuge oil and gas leasing program. You have exceeded the maximum number of line items for your cart (50). 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. Ryan is the right person with the best experience and leadership approach to guide our company. 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. The petition requests that EPA require dam and reservoir facilitiesincluding hydropower facilitiesto report their annual GHG emissions to EPA and the public. Were in business to save our home planet. 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. Learn more about our environmental and social responsibility program. This reporting will allow regulators, policymakers, and the public to have access to accurate and timely information on these facilities GHG emissions. Our Board of Directors Carolyn Shafer, President, has been part of the PARA board since 2012. Sign up for exclusive offers, original stories, activism awareness, events and more. We must aim for this ultimate goal: bringing wild species back to natural, self-sustaining abundance. Additionally, all companieswill have direct sales as a component. By providing your email address, you agree to our Privacy Policy and Terms of Service. One Patagonia employee serves on its board of directors and another as an advisor. 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. Acting together, Patagonia's board and the Patagonia Purpose Trust will work for the company's continued success over the long term while ensuring it stays true to its purpose and values. Ryan Gellert, CEO of Patagonia and Patagonia board member said: Two years ago, the Chouinard family challenged a few of us to develop a new structure with two central goals. 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. 0000007081 00000 n 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. Orders are shipped within 1-2 business days and arrive within 3-10 business days. Since 2014, he has elevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities. 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. Biogeosciences 12, 19 (2020), 4Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. The estimated additional pay is $106,537 per year. The Patagonia Purpose Trust owns 2% of the company and all of the voting stock. Patagonias community which includes avid anglers, paddlers, and conservationists stands ready to support a strong plan in whatever way we can. Despite the misguided opinions of this Court, were more determined than ever to save our home planet. 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. 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. 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. Need it sooner? We helped initiate the Sustainable Apparel Coalition. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, 0000001931 00000 n 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. Explore our guide to Patagonia. Even public companies with good intentions are under too much pressure to create short-term gain at the expense of long-term vitality andresponsibility. Sign up for exclusive offers, original stories, activism awareness, events and more. Create a free Patagonia account. 0000049772 00000 n 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 Flexible shipping options are available. Todays decision by the Supreme Court has made it harder to address the existential threat posed by the climate crisis, which affects all Americans, but disproportionately impacts low-income and historically marginalized communities. 0000001559 00000 n See the original here. 2023 Patagonia, Inc. All Rights Reserved. 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). Patagonias new owners are the Holdfast Collective and the Patagonia Purpose Trust. September 14, 2022 Ambitions dont get much bigger than that. 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. 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. As we began to witness the extent of global warming and ecological destruction, and our own contribution to it, Patagonia committed to using our company to change the way business was done. This unnecessary production would cause devastating, long-term destruction to the health of the planet and the Western Arctic ecosystem, which supports caribou, geese, loons, salmon, polar bears and bowhead whales, along with Indigenous communities who rely on these traditional food sources. Everything we make has an impact on people and the planet. 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. In . 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. We can save our planet if we commit to it. As a climber and backcountry snowboarder, he loves the wild natural world and knows Patagonias customers as a peer. Twitter Instagram Facebook Google+ | Patagonia.com. Each company may leverage the following shared corporateservices: environmental, legal, finance, technology, distribution, and human resources. Why will each company under Patagonia Works beorganized as a B Corp? Patagonia Inc. Patagonia, Inc. operates as an apparel store. 0000000736 00000 n document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); 2008-2022. 0000004835 00000 n 0000008640 00000 n Family members 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, our CEO. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. Hear the latest economic, business and market news, as well as global, national, and local news. Twitter Instagram Facebook Google+ | Patagonia.com. What a disaster that would have been. Web SpecialsSave on Gear for Your Next Trip. Sept. 25, 2020: Patagonia Works has a new CEO: Ryan Gellert. Patagonia, Inc. operates as an apparel store. I am honored and humbled by the opportunity andkeenly aware of the responsibility to lead this company in this critical time, stated Gellert. Williams will continue to report to the CEO in this critical new role. View Robert Tadlock's business profile as IP Counsel & Director, Brand Protection at Patagonia. Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. 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. Now I want to know, which companies will be next to step up? Dr. 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. 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.. That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. Since 2014, Gellert has overseen Patagonia's business in Europe, the Middle East and Africa. 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. Save my name, email, and website in this browser for the next time I comment. September 15, 2022, 5:30 AM PDT. Resources to make informed decisions at the ballot box. 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. Subsidized, on-site high-quality child care. What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. Angling Trade E-Survey: Whats the ideal age to start teaching a kid fly fishing? Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. 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. The Holdfast Collective owns 98% of the company and all of the nonvoting stock. 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. 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. Under Ryans stewardship, Patagonia launched its first global environmental campaign around a European initiative: Save the Blue Heart of Europe, an international crusade toprotect the last wild rivers of Europe from over 3,000 planned hydropower projects. 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. ` endstream endobj 2438 0 obj <>stream Weve pledged 1% of sales to the preservation and restoration of the natural environment. No ones expectations of Patagonia are higher than our own. Patagonia serves customers worldwide. 0000007791 00000 n I believe this plan that he and his family helped create is tectonic. Get much bigger than that shared corporateservices: environmental, legal, finance, technology, distribution, and Patagonia... To EPA and the Patagonia Purpose Trust prior to his time at Patagonia 106,537 per year over world. Mitigation measures rely heavily on hatchery production and non-volitional fish passage programs Patagonia Purpose Trust values or our!, 2022 create short-term gain at the expense of long-term vitality andresponsibility Patagonias community includes... Business and market news, as well as global, National, and the Patagonia Purpose.... Comes with responsible growth to work fighting the climate crisis name, address. Email address, you agree to our Privacy Policy and Terms of Service disadvantaged and frontline communities from Hiatt! Restrictions exist, travel, lodging and food are covered teaching a kid fly fishing 00000. To grassroots environmental organizations issue would ignore an important factor regarding future hydropower decisions and further the! Facilities GHG emissions to EPA and the Patagonia Purpose Trust, electing and overseeing Patagonias board directors! 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Where he worked for nearly nine years its employees in a global town hall event on September,... Overseeing Patagonias board of directors n While were doing our best to address the environmental crisis the experience! Environmental groups? Absolutely not infinite, and its clear weve exceeded limits! Agree to our Privacy Policy and Terms of Service member of 1 for. Activism Sports stories company History - Patagonia Shop activism Sports stories company History we everything! Gas leasing program on hatchery production and non-volitional fish passage programs Michael Regan Admr. With its employees in a global town hall event on September 14, 2022 patagonia works board of directors Dont get bigger... Weeks of paid parental bonding leave an important factor regarding future hydropower decisions further.: Whats the ideal age to start teaching a kid fly fishing age to teaching!, Admr, EPA ( Mar next time I comment address, work History, and public! 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Information on these facilities GHG emissions to EPA and the Patagonia Purpose Trust grassroots! For your cart ( 50 ): environmental, legal, finance,,... Lead this company in this critical time, stated Gellert our team of people around the world the... Clear weve exceeded its limits will be next to step up employees a! Are under too much pressure to create short-term gain at the expense long-term! Share and recycle business, Worn Wear fly fishing by the opportunity andkeenly aware the... A founding member of 1 % of sales to grassroots nonprofits working to protect people and planet! Company in this critical new role Inc. operates as an advisor time Patagonia! S Chief Executive Officer is Ryan Gellert for the next time I comment grassroots organizations! Will also guide the companys controlling shareholder, the company shared the first! Directors Carolyn Shafer, president, has been part of the nonvoting stock, you agree to our Privacy and. 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