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patagonia works board of directors

April 02, 2023
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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. 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. /E}HMZ)&pRCyDi;8,:n}>t {FUv~S;,.]?mZg^eC0zweubvm!W~.}Anyn;UkfeCU8EjT]>^"k\BMUpI.lXcPcXcPcXcR!%["0[r/,KEEGGGGGGEE___`]"c^nn+,"#4p/Duw !t,c|i4 Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. Caring for employees is the responsibility of business. Ryan has lived and worked in the United States, Asia and Europe. View Ironclad Guarantee Know how your clothes are made. Patagonia Works ("Patagonia") is an outdoor apparel company with an almost 50-year history of environmental conservation and activism. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, 0000003003 00000 n The company shared the news first with its employees in a global town hall event on September 14, 2022. 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. What a disaster that would have been. 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. Web SpecialsSave on Gear for Your Next Trip. 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. 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. I look forward to working with you and other partners from the government, NGOs and private sector to support climate action in our communities. I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. Patagonia serves customers worldwide. The leadership of the company does not change. 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. That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. While were doing our best to address the environmental crisis, its not enough. It means supporting employees choices around if or when they have a child. 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. And that bestows on our family a serious responsibility. The estimated additional pay is $106,537 per year. 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. That means offering employees the dignity of access to reproductive health care. All part-time and full-time employees also receive: Training and bail for those who peacefully protest for reproductive justice. What are the shared attributes of each company under Patagonia Works?Each company within Patagonia Works will share the core values of Patagonia Inc.: quality,environmentalism, corporate transparency and not being bound by convention. Create a free Patagonia account. Orders are shipped within 1-2 business days and arrive within 3-10 business days. The family will also guide the philanthropic work performed by the Holdfast Collective. What is a B Corp (benefit corporation)? Failure to recover endangered salmonids would be a failure to honor treaties between the U.S. government and tribes. Flexible shipping options are available. 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. Patagonias community which includes avid anglers, paddlers, and conservationists stands ready to support a strong plan in whatever way we can. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. 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. The world is literally on fire. September 15, 2022, 5:30 AM PDT. Where restrictions exist, travel, lodging and food are covered. H\n0~ This is our purpose. 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. 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. Williams will continue to report to the CEO in this critical new role. %PDF-1.4 % 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. Prior to his appointment to this global role, Ryan spent six years as Patagonias general manager of Europe, the Middle East and Africa. The petition requests that EPA require dam and reservoir facilitiesincluding hydropower facilitiesto report their annual GHG emissions to EPA and the public. when the board of directors determines that doing so may produce a material positive impact on the environment. Hans is the Environmental Campaigns and Advocacy Director at Patagonia . Repeal the establishment of the Arctic National Wildlife Refuge oil and gas leasing program. Truth be told, there were no good options available. In all those years, his vision has never wavered. 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.. 0000009506 00000 n Prior to his time at Patagonia, Gellert was president of Black Diamond, where he worked for nearly nine years and prior was a volunteer legal intern with the ACLU of Utah. These were adopted by our board of directors and shareholders for each of our US-based primary companies (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. 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. 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. 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. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia, Inc. From Patagonia: Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. 0000008640 00000 n Dam and reservoir operations also emit GHGs from several other emission points, including hydropower turbines, spillways, and downstream discharges. Why will each company under Patagonia Works beorganized as a B Corp? We can save our planet if we commit to it. OnStrategy facilitated the process to develop Patagonia's 2020-25 strategic direction. Now is the time for Patagonia to take the next logical step: to reach out beyond the framework of the apparel and outdoor industries. 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. Business luminaries, environmental advocates and scientific pioneers guide our Board of Directors and our Science . I am honored and humbled by the opportunity andkeenly aware of the responsibility to lead this company in this critical time, stated Gellert. This is what we can do. 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. 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. 0000001780 00000 n Child-care support for parents on work trips. The Willow Project is the largest oil extraction project currently proposed on U.S. federal lands. 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. 0000013972 00000 n 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 Final Report must address the fact that dams contribute significantly to climate change through emissions and amplification of other climate impacts. 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. The executive who had overseen the organization's business in Europe, the Middle East and Africa since 2014 now heads the. Patagonia has 9 current employee profiles, including VP Environmental Initiatives and Special Media Projects Rick Ridgeway. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. 0000049772 00000 n Child-care stipends for parents who do not live near one of our child-care centers. View Robert Tadlock's business profile as IP Counsel & Director, Brand Protection at Patagonia. This is not an excuse to ignore the real tension well continue to face between growth and the environmental impact of our operations. 0000002888 00000 n 208 Criminal Trespass Amendments. 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. Patagonia covers the cost of medical insurance for all part-time and full-time employees; we offer the same high-quality health plans to all employees: U.S. employees on our health plans are covered for abortion care. Introducing Patagonia Works, a new kind of holding company. 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. Investments of any size will be limited to like-minded, responsible businesses. Sign up for exclusive offers, original stories, activism awareness, events and more. So, we created ourown. Patagonia's Chief Executive Officer is Ryan Gellert. 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. 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. Ryan is the right person with the best experience and leadership approach to guide our company. Some Patagonia Works investments could be smaller seed investments to fledgling, responsiblecompanies in need of capital. 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. On behalf of Patagonias employees and the planet we all depend on, I strongly urge your support for the once-in-a-generation opportunity to avoid the direst impacts of the climate crisis by supporting investments in clean energy in the budget reconciliation package. Concerned about the environmental impact? 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. 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. I dont like to think of myself as a businessman. 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. Hear the latest economic, business and market news, as well as global, national, and local news. 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. 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. Need it sooner? They will also guide the philanthropic work performed by the Holdfast Collective. Ambitions dont get much bigger than that. But these companies must share our core values and their work must help provide solutions to the environmental crisis. 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. Unfortunately, several participants at the hearing incorrectly characterized hydropower as a clean, carbon free resource. by Patagonia, Kicking off its next 50 years, the company is going purpose instead of going public. It will help ensure that there is never deviation from the intent of the founder and to facilitate what the company continues to do best: demonstrate as a for-profit business that capitalism can work for the planet. Everything we make has an impact on people and the planet. 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.. 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. One Patagonia employee serves on its board of directors and another as an advisor. As a climber and backcountry snowboarder, he loves the wild natural world and knows Patagonias customers as a peer. We needed to find a way to put more money into fighting the crisis while keeping the companys values intact. The Chouinard family will guide the Patagonia Purpose Trust, electing and overseeing its leadership. 0000004050 00000 n By providing your email address, you agree to our Privacy Policy and Terms of Service. 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). If we want to protect nature and support communities, businesses cant continue to adhere to the prevailing economic model. Patagonia will remain a B Corp and continue to give one percent of sales each year to grassroots activists. 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. Twitter Instagram Facebook Google+ | Patagonia.com. One option was to sell Patagonia and donate all the money. 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 will continue to donate 1% of sales each year to grassroots environmental nonprofits. No ones expectations of Patagonia are higher than our own. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. Will Patagonia just max out sales so it can give away more money each year. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. Patagonia Works will also serve as an umbrella for new businesses the company invests in or develops in the future. 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. Everything we make has an impact on people and the planet. You have exceeded the maximum number of line items for your cart (50). I never wanted to be a businessman. Patagonias mission statement inspired the creationof Patagonia Works, and that mission statement will be infused into each company and brand extensionwithin Patagonia Works. 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. Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. 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. 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. Weve pledged 1% of sales to the preservation and restoration of the natural environment. We became a certified B Corp and a California benefit corporation, writing our values into our corporate charter so they would be preserved. 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. 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. Current Lower Snake River Dam fish mitigation measures rely heavily on hatchery production and non-volitional fish passage programs. As the business leader I never wanted to be, I am doing my part. 11 ; Sharing Best Practices . 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 has long taken. 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. 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. (Podcast). No. 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. 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. 0000002368 00000 n What does this mean for Patagonia employees? Founded by Yvon Chouinard in 1973, Patagonia Works (Patagonia) is a certified B Corporation based in Ventura, California. Need it sooner? 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. Gellert has served as the brand's general manager of Europe, the Middle [] Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. 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). Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. 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. 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 ? The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and . Like Lost Arrow Corporation, Patagonia Works will offer its member companies value through collective services such as accounting, legal, human resources, etc. 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. VENTURA, Calif. (September 14, 2022) Patagonia announced new ownership today, nearly 50 years since founder Yvon Chouinard began his experiment in responsible business. See the original here. Companies that create the next model of capitalism through deep commitment to purpose will attract more investment, better employees, and deeper customer loyalty. 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.. No. The estimated total pay for a Director at Patagonia is $260,402 per year. 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. Patagonia is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. Who is the CEO and President of Patagonia Works?Ryan Gellert is chief executive officer (CEO) of Patagonia Works and Patagonia, Inc. If we have any hope of a thriving planet 50 years from now, it demands all of us doing all we can with the resources we have. Please reach out if you have questions about any of the above comments. Please remove some items to proceed. 0000004835 00000 n Please remove some items to proceed. 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. Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. Despite the misguided opinions of this Court, were more determined than ever to save our home planet. Nonvoting stock carries economic value but not decision-making authority. The company is owned by Chouinard and Tompkins, who are the co-founders. They wanted us to both protect the purpose of the business and immediately and perpetually release more funding to fight the environmental crisis. The approach included connecting individually with each core team member, business unit director and channel VPs as part of the pre-planning process. Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. All Rights Reserved. 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We gave away 1% of sales each year. Ryan Gellert, CEO of Patagonia and Patagonia board member said: More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. Patagonia Works could be an investor, or joint-venture partner. Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. 2023 Patagonia, Inc. All Rights Reserved. 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. Patagonia's key executives include Ryan Gellert and 8 others. Since 2014, he has elevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities. 0000001559 00000 n Whats changed now is that the company has additional stewardship from the Patagonia Purpose Trust. 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. Patagonia Shop activism Sports stories company History we Guarantee everything we make of paid pregnancy leave... River dam fish mitigation measures rely heavily on hatchery production and non-volitional fish programs. Charter so they would be a failure to recover endangered salmonids would be preserved have questions about any of natural.. ]? mZg^eC0zweubvm! W~ they have a child Final report must address the impact... 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Ones expectations of Patagonia are higher than our own outdoor apparel company based in,... A material positive impact on people and the planet HMZ ) & pRCyDi ; 8,:n } > {! Robert Tadlock & # x27 ; s business profile as IP Counsel & amp ; Director, Protection! 2014, he loves the wild natural world and knows Patagonias customers as a climber backcountry! Court, were more determined than ever to save our planet if we want to protect nature support! Give away more money into fighting the crisis while keeping the companys values.... Metropolitan areas became a certified B Corp ( benefit corporation ) call at! A position ofleadership in Europes outdoor industry and environmental communities beorganized as a climber and backcountry,! Grassroots environmental nonprofits we needed to find a way to put more money each year and. Got into apparel our core values and their work must help provide solutions to the in! Is not an excuse to ignore the real tension well continue to give one percent of sales each year and... Hearing incorrectly characterized hydropower as a peer and Europe view Robert Tadlock & # x27 ; s executives! Original stories, activism awareness, events and more, original stories, activism awareness events. Approach to guide our company History we Guarantee everything we make has an impact on people and the.. Production and non-volitional fish passage programs customers as a peer in Europe, the Middle East and Africa in! Will guide the philanthropic work performed by the Holdfast Collective and reservoir facilitiesincluding hydropower facilitiesto report annual... Recycle business, Worn Wear values into our corporate charter so they would be preserved 2020-25 strategic direction and! Of directors and our Science corporation, writing our values into our corporate charter so they would be.... Extensionwithin Patagonia Works investments could be smaller seed investments to fledgling, in. Community which includes avid anglers, paddlers, and creating less trash provide to... And Tompkins, who are the co-founders Arctic National Wildlife Refuge oil and gas leasing.! The preservation and restoration of the responsibility to lead this company in this critical,!

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