Hans is the Environmental Campaigns and Advocacy Director at Patagonia . Flexible shipping options are available. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. 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. What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. 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). Save my name, email, and website in this browser for the next time I comment. Voting stock has both economic value and decision-making authority. 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. 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. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, 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's Chief Executive Officer is Ryan Gellert. (Podcast). Twitter Instagram Facebook Google+ | Patagonia.com. A growing body of scientific studies over the past two decades have established that dams and reservoirs produce and emit substantial amounts of carbon dioxide, methane, and nitrous oxide.1 These greenhouse gas (GHG) emissions include reservoir surface emissions, which occur when dams trap organic material and leached synthetic fertilizers that decompose beneath a reservoirs water. Williams will continue to report to the CEO in this critical new role. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Whats the ideal age to start teaching a kid fly fishing? Buy used, trade in and fix your gear through Worn Wear. Subsidized, on-site high-quality child care. 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. 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. And that bestows on our family a serious responsibility. More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. 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 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, Inc. operates as an apparel store. It means supporting employees choices around if or when they have a child. Biogeosciences 12, 19 (2020), 4Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. 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. VENTURA, Calif. (September 24, 2020)Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. 2023 Patagonia, Inc. All Rights Reserved. Orders are shipped within 1-2 business days and arrive within 3-10 business days. 100% of co-pay costs for mental health visits are covered. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. 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. But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. 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. 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.. Yes. The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and yoga, as well as other outdoor activities. 0000001780 00000 n 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). 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. 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. Prior to his appointment to this global role, Ryan spent six years as Patagonias general manager of Europe, the Middle East and Africa. 0000005669 00000 n Resources to make informed decisions at the ballot box. Patagonia Works ("Patagonia") is an outdoor apparel company with an almost 50-year history of environmental conservation and activism. 0000049731 00000 n The last line of Patagonia's mission statement is . 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. Message and data rates may apply. 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. 21, 2022). I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. The company announced today that Ryan Gellert will become CEO of Patagonia Works, the umbrella company for all its ventures, from clothing to smoked salmon to documentaries. Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. Yvon Chouinard poses in front of a Patagonia store in 1993, two decades before transferring the entire ownership of the company to a nonprofit . The Patagonia Purpose Trust was created solely to protect our companys values and mission. They will also guide the philanthropic work performed by the Holdfast Collective. Williams will continue to report to the CEO in this critical new role. 0000001931 00000 n No. 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. Yvon Chouinard, Patagonia founder, former owner, and current board member said: Its been a half-century since we began our experiment in responsible business. The 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. What is a B Corp (benefit corporation)? Web SpecialsSave on Gear for Your Next Trip. Buy used, trade in and fix your gear through Worn Wear. Everything we make has an impact on people and the planet. 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. This is another way weve found to do our part. 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. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. 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. 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 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.. 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. No. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. Web SpecialsSave on Gear for Your Next Trip. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. In . Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. 0000013972 00000 n Additionally, all companieswill have direct sales as a component. 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. 208 Criminal Trespass Amendments. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. 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. 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.. This is not an excuse to ignore the real tension well continue to face between growth and the environmental impact of our operations. 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. Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. 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. View Ironclad Guarantee Know how your clothes are made. Gellert has overseen . 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. That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. All Rights Reserved. This elite creative team also includes Tin Shed Ventures and Patagonias repair, share and recycle business, Worn Wear. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. Ive made no secret that I hold a fairly skeptical view of the business world. Learn more about our environmental and social responsibility program. 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. 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. Dont worry, we'll only contact you about activism here. Founded by Yvon Chouinard in 1973, Patagonia Works (Patagonia) is a certified B Corporation based in Ventura, California. Why? Patagonia will continue to donate 1% of sales each year to grassroots environmental nonprofits. Will Patagonia Works wholly own any of the companies it invests in?Not necessarily. Business luminaries, environmental advocates and scientific pioneers guide our Board of Directors and our Science . I never wanted to be a businessman. ;"6r57dtf-Xa.9ZXyWQ%s;3eZ:u5>YLV >zO=5Qmv+d Nzym0KTCGWp:05@@6LhhdYTfNO]vGc1Y/XWqWU3Aa+::@4(M X &700 Note: This statement was originally posted on LinkedIn. The petition requests that EPA require dam and reservoir facilitiesincluding hydropower facilitiesto report their annual GHG emissions to EPA and the public. Re: Patagonias support for climate investments. 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. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. o Annual and projected carbon equivalent emissions from mitigation programs, including fish hatcheries, non-volitional fish passage, and sediment management. But are these incentives worth packing a moving van? Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. Patagonia does not have a board of directors. I believe this plan that he and his family helped create is tectonic. Ambitions dont get much bigger than that. Text STOP to cancel. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, 0000000736 00000 n Ambitions dont get much bigger than that. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. If we have any hope of a thriving planetmuch less a thriving business50 years from now, it is going to take all of us doing what we can with the resources we have. 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). 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. 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. 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.. Thank you for hosting the May 12, 2022 hearing on Modernizing Hydropower: Licensing and Reforms for a Clean Energy Future, before the Subcommittee on Energy of the Committee on Energy and Commerce. The Patagonia Purpose Trust owns 2% of the company and all of the voting stock. 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. 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. The family will also guide the philanthropic work performed by the Holdfast Collective. 0000003522 00000 n The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. The Willow Project is the largest oil extraction project currently proposed on U.S. federal lands. 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. OnStrategy facilitated the process to develop Patagonia's 2020-25 strategic direction. 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. 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. But we couldnt be sure a new owner would maintain our values or keep our team of people around the world employed. While were doing our best to address the environmental crisis, its not enough. Weve pledged 1% of sales to the preservation and restoration of the natural environment. Investments of any size will be limited to like-minded, responsible businesses. 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 am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. Message and data rates may apply. Prior to his time at Patagonia, Gellert was president of Black Diamond, where he worked for nearly nine years. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. 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. 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