Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. We must aim for this ultimate goal: bringing wild species back to natural, self-sustaining abundance. 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. Biogeosciences 12, 19 (2020), Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. 0000010398 00000 n Were in business to save our home planet. 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. Will Patagonia Works wholly own any of the companies it invests in?Not necessarily. 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. 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. Will Patagonia as a company continue to donate 1% of sales for the planet? Sign up for exclusive offers, original stories, activism awareness, events and more. Ryan Gellert, CEO of Patagonia and Patagonia board member said: 0000008640 00000 n As a climber and backcountry snowboarder, he loves the wild natural world and knows Patagonias customers as a peer. 0000001559 00000 n Chouinard, his wife and two adult children CHILDREN 0.0% have transferred their ownership of Patagonia, valued at about $3 3 0.0% billion, to a specially designed trust and a nonprofit. We helped initiate the Sustainable Apparel Coalition. The leadership of the company does not change. Twitter Instagram Facebook Google+ | Patagonia.com. But its also resilient. Patagonia's key executives include Ryan Gellert and 8 others. 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 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. Alongside this announcement, Jenna Johnson has been promoted from leader of Patagonias technical outdoor biz to Head of Patagonia Inc. Press Release: Nonvoting stock carries economic value but not decision-making authority. Child-care stipends for parents who do not live near one of our child-care centers. The Willow Project is the largest oil extraction project currently proposed on U.S. federal lands. This is what we can do. 2023 Patagonia, Inc. All Rights Reserved. The last line of Patagonia's mission statement is . Angling Trade E-Survey: Whats the ideal age to start teaching a kid fly fishing? 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. 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. But this is our time, and as a company we are prepared to lead and to help citizen activists and businesspeople of conscience create a healthier planet for all life. 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. I believe this plan that he and his family helped create is tectonic. The stakes could not be higher. Ryan has lived and worked in the United States, Asia and Europe. Explore our guide to Patagonia. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia, Inc. September 24, 2020 by Patagonia VENTURA, Calif. (September 24, 2020) Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. 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. Ryan holds a JD from the S.J. 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. Save my name, email, and website in this browser for the next time I comment. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. 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. Twitter Instagram Facebook Google+ | Patagonia.com. 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I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, an organization of companies that produces more than a third of the clothing and footwear on the planet. The company is owned by Chouinard and Tompkins, who are the co-founders. 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. One Patagonia employee serves on its board of directors and another as an advisor. The former longtime CEO of the Patagonia clothing company, Kris has lived in South America for two decades, working full-time on land and wildlife conservation projects. 0000013972 00000 n And that bestows on our family a serious responsibility. This reporting will allow regulators, policymakers, and the public to have access to accurate and timely information on these facilities GHG emissions. Ambitions dont get much bigger than that. 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. Our Board of Directors Carolyn Shafer, President, has been part of the PARA board since 2012. Patagonia Works will also serve as an umbrella for new businesses the company invests in or develops in the future. 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. 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. Re: Patagonias support for climate investments. View Robert Tadlock's business profile as IP Counsel & Director, Brand Protection at Patagonia. 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. 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. 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. All Rights Reserved. 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. In . I dont like to think of myself as a businessman. Ambitions dont get much bigger than that. More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. Williams will continue to report to the CEO in this critical new role. 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. 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. Buy used, trade in and fix your gear through Worn Wear. HmO0SDZ]-!$t4$6"M[I&6m UO6|}& WFs 'GoF `ptbzV_ Tl PM 4 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. 0000004050 00000 n when the board of directors determines that doing so may produce a material positive impact on the environment. Another path was to take the company public. 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. o Annual and projected carbon equivalent emissions from mitigation programs, including fish hatcheries, non-volitional fish passage, and sediment management. 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.. 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 ? Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. 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. Twitter Instagram Facebook Google+ | Patagonia.com. , Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr EPA! Directors determines that doing so may produce a material positive impact on the environment and management. Passage, and the public to have access to accurate and timely information on these facilities emissions! 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