But are these incentives worth packing a moving van? Another path was to take the company public. Why? 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. Patagonia's Chief Executive Officer is Ryan Gellert. Twitter Instagram Facebook Google+ | Patagonia.com. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. If we want to protect nature and support communities, businesses cant continue to adhere to the prevailing economic model. And, I am certain we will also have some fun along the way.. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. 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. Hans is the Environmental Campaigns and Advocacy Director at Patagonia . Patagonia has long taken. 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. 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. And that bestows on our family a serious responsibility. (Podcast). Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. Text STOP to cancel. The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and . 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. 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. 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. 11 ; Sharing Best Practices . 0000001931 00000 n What a disaster that would have been. Angling Trade, LLC. 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 is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. 100% of co-pay costs for mental health visits are covered. Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. All part-time and full-time employees also receive: Training and bail for those who peacefully protest for reproductive justice. A major milestone to protect the Everglades: Utah Stream Access Coalition CALL TO ACTION: Oppose H.B. 21, 2022), Twitter Instagram Facebook Google+ | Patagonia.com, Environmental justice, conservation and business groups, Letter to President Biden Regarding Willow Project, NEXT Energy Technologies Installs Energy-Generating Windows on Outdoor Retailer Patagonias Headquarters, Patagonia North America to close for last week of year, After 33 Years, Argentina Declares Historic Win for People and Planet, Funding Will Help Indigenous Communities Relocate to More Climate-Resilient Locations, Patagonia Opposes Pit Gravel Mine and Asphalt Plant Near the Madison River, Patagonia to young voters: you scare them, PATAGONIAS NEXT CHAPTER: EARTH IS NOW OUR ONLY SHAREHOLDER, Patagonia's Official Comment on Willow Project, Statement from Patagonia CEO Ryan Gellert on Utah Officials' Bears Ears, Grand Staircase-Escalante Lawsuit, Legal Agreements Block Drilling, Fracking Across 1 Million Acres in Central California, Letter in Support of Breaching Lower Snake River Dams, Petition-for-rulemaking-to-add-dams-and-reservoirs-as-a-source-category-under-the-Greenhouse-Gas-Reporting-Program.pdf (tellthedamtruth.com), Letter to Sen. Schumer Regarding Budget Reconciliation, Statement from Patagonia CEO Ryan Gellert on U.S. Supreme Court Decision West Virginia v. EPA, Letter to Sec. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. 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. Unfortunately, several participants at the hearing incorrectly characterized hydropower as a clean, carbon free resource. 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. 0000000736 00000 n The company is owned by Chouinard and Tompkins, who are the co-founders. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. Weve pledged 1% of sales to the preservation and restoration of the natural environment. Reduce inequity by targeting climate and clean energy investments in disadvantaged and frontline communities. 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. View Ironclad Guarantee Know how your clothes are made. 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. Learn more about our environmental and social responsibility program. 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. Buy used, trade in and fix your gear through Worn Wear. Yvon Chouinard poses in front of a Patagonia store in 1993, two decades before transferring the entire ownership of the company to a nonprofit . 0000007791 00000 n The leadership of the company does not change. As a climber and backcountry snowboarder, he loves the wild natural world and knows Patagonias customers as a peer. Prior to his appointment to this global role, Ryan spent six years as Patagonias general manager of Europe, the Middle East and Africa. The executive who had overseen the organization's business in Europe, the Middle East and Africa since 2014 now heads the. Concerned about the environmental impact? Hear the latest economic, business and market news, as well as global, national, and local news. While were doing our best to address the environmental crisis, its not enough. 0000006513 00000 n 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. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. We started with our products, using materials that caused less harm to the environment. Please remove some items to proceed. The Holdfast Collective owns 98% of the company and all of the nonvoting stock. Seize the opportunity to lead the world in clean energy manufacturing and deployment to create jobs, strengthen supply chains and reduce costs for customers. 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. Our senior strategists, Erica Olsen and Kim Perkins, facilitated a series of eight, 1-day strategy sessions . 2023 Patagonia, Inc. All Rights Reserved. 0000003088 00000 n I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. Executive headshots can be downloadedHERE. Whats changed now is that the company has additional stewardship from the Patagonia Purpose Trust. This is not the case. Ryan has lived and worked in the United States, Asia and Europe. 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. An avid climber and backcountry snowboarder, Ryan has climbed and ridden all over the world. 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. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. Current Lower Snake River Dam fish mitigation measures rely heavily on hatchery production and non-volitional fish passage programs. 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. Founded by Yvon Chouinard in 1973, Patagonia Works (Patagonia) is a certified B Corporation based in Ventura, California. This elite creative team also includes Tin Shed Ventures and Patagonias repair, share and recycle business, Worn Wear. 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. Patagonia's key executives include Ryan Gellert and 8 others. Patagonias community which includes avid anglers, paddlers, and conservationists stands ready to support a strong plan in whatever way we can. Nonvoting stock carries economic value but not 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. 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 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. Despite the misguided opinions of this Court, were more determined than ever to save our home planet. I am honored and humbled by the opportunity andkeenly aware of the responsibility to lead this company in this critical time, stated Gellert. 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Taldi serves on the Board of Directors of the . As the business leader I never wanted to be, I am doing my part. Will Patagonia Works wholly own any of the companies it invests in?Not necessarily. September 15, 2022, 5:30 AM PDT. 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. 0000002888 00000 n Everything we make has an impact on people and the planet. Deb Haaland Regarding Willow Project, Earthjustice Letter to Reps. Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. The company shared the news first with its employees in a global town hall event on September 14, 2022. View Robert Tadlock's business profile as IP Counsel & Director, Brand Protection at Patagonia. 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. 0000002368 00000 n 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. Since 2014, Gellert has overseen Patagonia's business in Europe, the Middle East and Africa. Please reach out if you have questions about any of the above comments. In all those years, his vision has never wavered. Ryan is the right person with the best experience and leadership approach to guide our company. Create a free Patagonia account. 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. This commitment is part of our business charter, which means it now cant be changed without the approval of the Patagonia Purpose Trust. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Williams will continue to report to the CEO in this critical new role. 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. I dont like to think of myself as a businessman. 0000007081 00000 n Christopher van Tienhoven was appointed to the Patagonia Board on June 10, 2015. 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.

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