Text HELP for help. 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. 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. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. 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. Note: This statement was originally posted on LinkedIn. Ive made no secret that I hold a fairly skeptical view of the business world. 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. 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. Current Lower Snake River Dam fish mitigation measures rely heavily on hatchery production and non-volitional fish passage programs. In . Williams will continue to report to the CEO in this critical new role. OnStrategy facilitated the process to develop Patagonia's 2020-25 strategic direction. Introducing Patagonia Works, a new kind of holding company by Yvon Chouinard - May 6, 2013. . Who is the CEO and President of Patagonia Works?Ryan Gellert is chief executive officer (CEO) of Patagonia Works and Patagonia, Inc. Neither of these programs lead to self-sustaining ESA recovery goals and metrics. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia Inc. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. Patagonia will remain a B Corp and continue to give one percent of sales each year to grassroots activists. They will also guide the philanthropic work performed by the Holdfast Collective. Dont worry, we'll only contact you about activism here. 0000004050 00000 n Like Lost Arrow Corporation, Patagonia Works will offer its member companies value through collective services such as accounting, legal, human resources, etc. 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. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. 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. Flexible shipping options are available. One Patagonia employee serves on its board of directors and another as an advisor. Prior to his appointment to this global role, Ryan spent six years as Patagonias general manager of Europe, the Middle East and Africa. Will Patagonia just max out sales so it can give away more money each year. 0000008640 00000 n Williams will continue to report to the CEO in this critical new role. Track orders, save products, easy hassle-free returns & exchanges. 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. We can save our planet if we commit to it. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. Deb Haaland Regarding Willow Project, Earthjustice Letter to Reps. Web SpecialsSave on Gear for Your Next Trip. 0000007791 00000 n Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. Where restrictions exist, travel, lodging and food are covered. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Whats the ideal age to start teaching a kid fly fishing? 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). 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. 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. And its true to form for my life-long friend and fellow environmentalist, Yvon Chouinard. Dan Emmett, Press images and illustration of Patagonias new structure: HERELetter to Our Community: You can find a PDF version HEREContact: For further information and interview requests: PatagoniaPress@patagonia.com. What does this mean for Patagonia employees? Prior to his time at Patagonia, Gellert was president of Black Diamond, where he worked for nearly nine years. 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. That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. 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. No ones expectations of Patagonia are higher than our own. He wanted to do things his own way and on his own terms. Today, my family and I are happy to launch $20 Million and Change, an internal fund to help like-minded, responsible start-up companies bring about positive benefit to the environment. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. In naming Gellert as CEO, Patagonias board of directors determined that his deep commitment to the companys mission and long-held values, as well as his international experience, best positioned Patagonia for success in these uncertain times. Requiring dams and reservoirs to report their GHG emissions will also ensure that federal and state agencies and utilities make decisions on the future of the electric sector based on the best available information regarding hydropowers GHG emissions, and not risk inadvertently pursuing a clean energy future that is not actually clean. oIRcOk#v'lXvCuJp< x,Z.E>BZ,M@rcl./Na)&l 9m7e^T+%8m40**IjibSe >x2z)g$M^( KsT\)GHSqxlpJ :N;]H:n` ^ endstream endobj 2439 0 obj <>stream Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. Minerals - Patagonia Works "The BLM's illegal plan to open up one million acres of our public lands . 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. 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. Angling Trade E-Survey: Whats the ideal age to start teaching a kid fly fishing? Ryan is the right person with the best experience and leadership approach to guide our company. Concerned about the environmental impact? Effective immediately, the Chouinard family has transferred all ownership to two new entities: Patagonia Purpose Trust and the Holdfast Collective. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. 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.. Ryan has lived and worked in the United States, Asia and Europe. 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. They wanted us to both protect the purpose of the business and immediately and perpetually release more funding to fight the environmental crisis. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. 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.This is what we can do. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia Inc. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. But we couldnt be sure a new owner would maintain our values or keep our team of people around the world employed. 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. Patagonia, Inc. operates as an apparel store. Now is the time for Patagonia to take the next logical step: to reach out beyond the framework of the apparel and outdoor industries. Patagonia serves customers worldwide. Web SpecialsSave on Gear for Your Next Trip. The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. 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 Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and . As noted in a recent petition to the EPA signed by more than 140 organizations, Petition-for-rulemaking-to-add-dams-and-reservoirs-as-a-source-category-under-the-Greenhouse-Gas-Reporting-Program.pdf (tellthedamtruth.com), a growing body of research shows significant greenhouse gas emissions (including CO2 and CH4) from reservoirs and other dam and reservoir operations. /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 Learn more about our environmental and social responsibility program. During that time, heelevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities, overseeing all sales, marketing, environmental and operational activities for the brand. 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. Patagonia has 9 current employee profiles, including VP Environmental Initiatives and Special Media Projects Rick Ridgeway. Sign up for exclusive offers, original stories, activism awareness, events and more. 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. 0000004835 00000 n If we want to protect nature and support communities, businesses cant continue to adhere to the prevailing economic model. The Holdfast Collective owns 98% of the company and all of the nonvoting stock. Start-up or angel investments may be made in companies outside Patagonia Works that are not B Corps,members of 1% for the Planet or subscribers to a social and environmental performance index. This elite creative team also includes Tin Shed Ventures and Patagonias repair, share and recycle business, Worn Wear. Concerned about the environmental impact? 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. Need it sooner? 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 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. 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. Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. Here's how it works: 100% of the company's voting stock transfers to the Patagonia Purpose Trust, created to protect the company's 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. Weve pledged 1% of sales to the preservation and restoration of the natural environment. Buy used, trade in and fix your gear through Worn Wear. 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. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. Everything they need to know lodging and food are covered, businesses cant continue to to... Skiing and snowboarding, surfing, trail running, and: this was! It will pay out an annual dividend of roughly $ 100 million, depending the! 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