Angling Trade, LLC. Since 2014, he has elevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities. 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. Whats changed now is that the company has additional stewardship from the Patagonia Purpose Trust. 21, 2022). Please remove some items to proceed. Each will be organized as a B Corp (benefit corporation), be amember of 1% for the Planet and utilize the Higg Index or other appropriate footprint-based measurementof social and environmental performance. You have exceeded the maximum number of line items for your cart (50). 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 Alongside this announcement, Jenna Johnson has been promoted from leader of Patagonias technical outdoor biz to Head of Patagonia Inc. Press Release: X/brDzV(Re;>}*R~:-}/'~[>;G"M6ms.+f79\HHQ/UQ(AdH-~]DEDHDv-vQrq\/zEr u!-K(fJEp}U1:t'+:s)DtJmf}WtVOo1' .5`0JQ|iTfLpDBRZEEvS So, we created ourown. Buy used, trade in and fix your gear through Worn Wear. Patagonia does not have a board of directors. 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. 208 Criminal Trespass Amendments. 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. Continuing to disregard this issue would ignore an important factor regarding future hydropower decisions and further exacerbate the climate crisis. This is what we can do. 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. Founded by Yvon Chouinard in 1973, Patagonia Works (Patagonia) is a certified B Corporation based in Ventura, California. Biogeosciences 12, 19 (2020), Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. The estimated total pay for a Director at Patagonia is $260,402 per year. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia, Inc. From Patagonia: Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. Track orders, save products, easy hassle-free returns & exchanges. H\I0:.BD U@nh^ZzA"/U[ .5$`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. 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. Child-care support for parents on work trips. Learn more about our environmental and social responsibility program. Angling Trade E-Survey: Whats the ideal age to start teaching a kid fly fishing? 0000002888 00000 n Even public companies with good intentions are under too much pressure to create short-term gain at the expense of long-term vitality andresponsibility. 0000005669 00000 n 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. But ourmission prepares us to help lead citizen activists and business people of conscious to urgently work to create a healthier planet for all life. Voting stock has both economic value and decision-making authority. 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. Ryan Gellert, CEO of Patagonia and Patagonia board member said: 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. Each company may leverage the following shared corporateservices: environmental, legal, finance, technology, distribution, and human resources. Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. We can save our planet if we commit to it. 2023 Patagonia, Inc. All Rights Reserved. Patagonias community which includes avid anglers, paddlers, and conservationists stands ready to support a strong plan in whatever way we can. But we couldnt be sure a new owner would maintain our values or keep our team of people around the world employed. One option was to sell Patagonia and donate all the money. 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. Subsidized, on-site high-quality child care. What is Patagonia Works? an organization of companies that produces more than a third of the clothing and footwear on the planet. Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. 0000010398 00000 n These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, If we want to protect nature and support communities, businesses cant continue to adhere to the prevailing economic model. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. In contrast, current law requires corporations to prioritize the financialinterests of shareholders over the interests of workers, communities and the environment.In January 2012, Patagonia Inc. was one of the first companies in California to register as a B Corp. Eachcompany under the Patagonia Works will have a common, ethos-led mission and will register as a B Corp toensure that its values live in perpetuity. Patagonia serves customers worldwide. Soon after, the website Patagonia.com was updated to state that Earth is now our only shareholder and to include a letter from founder Yvon Chouinard. BY Sophie Mellor. Gellert has served as the brand's general manager of Europe, the Middle [] This is another way weve found to do our part. Save my name, email, and website in this browser for the next time I comment. Additionally, all companieswill have direct sales as a component. Thank you for your efforts to deliver a holistic solution to this problem. Patagonias mission statement inspired the creationof Patagonia Works, and that mission statement will be infused into each company and brand extensionwithin Patagonia Works. The leadership of the company does not change. 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.. I believe this plan that he and his family helped create is tectonic. Reduce inequity by targeting climate and clean energy investments in disadvantaged and frontline communities. 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. Learn more about our environmental and social responsibility program. (Podcast). And, I am certain we will also have some fun along the way.. 0000049772 00000 n Sept. 25, 2020: Patagonia Works has a new CEO: Ryan Gellert. An avid climber and backcountry snowboarder, Ryan has climbed and ridden all over the world. Ryan is the right person with the best experience and leadership approach to guide our company. Like Lost Arrow Corporation, Patagonia Works will offer its member companies value through collective services such as accounting, legal, human resources, etc. Sign up for exclusive offers, original stories, activism awareness, events and more. The Patagonia Purpose Trust was created solely to protect our companys values and mission. Our participation helps us to stay at the forefront in developing environmentally conscious textiles, and enables us to share our experience with others from our many years using organic cotton and recycled fabrics. Introducing Patagonia Works, a new kind of holding company. No ones expectations of Patagonia are higher than our own. Everything we make has an impact on people and the planet. 0000001559 00000 n Web SpecialsSave on Gear for Your Next Trip. Patagonia will continue to donate 1% of sales each year to grassroots environmental nonprofits. They will also guide the philanthropic work performed by the Holdfast Collective. 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. Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. 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. In all those years, his vision has never wavered. 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. 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. I never wanted to be a businessman. No. The Chouinard family will also guide the companys controlling shareholder, the Patagonia Purpose Trust, electing and overseeing Patagonias 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 Since 2014, Gellert has overseen Patagonia's business in Europe, the Middle East and Africa. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. Patagonia is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. 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. Its unique ownership structure reflects that Earth is its only . 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. ;"6r57dtf-Xa.9ZXyWQ%s;3eZ:u5>YLV >zO=5Qmv+d Nzym0KTCGWp:05@@6LhhdYTfNO]vGc1Y/XWqWU3Aa+::@4(M X &700 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. Why? Board of Directors & Advisory Board Environmental Defense Center . trailer <<01B69396AD8144B882DB6E07C9094736>]/Prev 218095/XRefStm 1559>> startxref 0 %%EOF 2451 0 obj <>stream Executive headshots can be downloadedHERE. The approach included connecting individually with each core team member, business unit director and channel VPs as part of the pre-planning process. Ive made no secret that I hold a fairly skeptical view of the business world. Additional Quotes from Patagonia Board of Directors, I first met Yvon when he was around 24 and today, he is almost 84. The last line of Patagonia's mission statement is . 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