patagonia works board of directors

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. Williams will continue to report to the CEO in this critical new role. Weve pledged 1% of sales to the preservation and restoration of the natural environment. 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). 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 the case. Were in business to save our home planet. 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. Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. Biogeosciences 12, 19 (2020), 4Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. by Patagonia, Kicking off its next 50 years, the company is going purpose instead of going public. Christopher van Tienhoven was appointed to the Patagonia Board on June 10, 2015. In 2000, Kristine Tompkins founded Conservacion Patagonica. And, I am certain we will also have some fun along the way.. And that bestows on our family a serious responsibility. The petition requests that EPA require dam and reservoir facilitiesincluding hydropower facilitiesto report their annual GHG emissions to EPA and the public. Ambitions dont get much bigger than that. 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. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. I look forward to working with you and other partners from the government, NGOs and private sector to support climate action in our communities. Twitter Instagram Facebook Google+ | Patagonia.com. 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. The company shared the news first with its employees in a global town hall event on September 14, 2022. Patagonia Works could be an investor, or joint-venture partner. Unfortunately, several participants at the hearing incorrectly characterized hydropower as a clean, carbon free resource. 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. Sign up to receive our bi-monthly email newsletter. We started with our products, using materials that caused less harm to the environment. Learn more about our environmental and social responsibility program. Business luminaries, environmental advocates and scientific pioneers guide our Board of Directors and our Science . Patagonia respectfully asks the Bureau of Land Management and Biden Administration to require a comprehensive review of the climate and conservation consequences of the Willow Project. Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. 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. Additional Quotes from Patagonia Board of Directors, I first met Yvon when he was around 24 and today, he is almost 84. Patagonia has long taken. We helped initiate the Sustainable Apparel Coalition. 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 world is literally on fire. Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. Child-care stipends for parents who do not live near one of our child-care centers. Dont worry, we'll only contact you about activism here. As a climber and backcountry snowboarder, he loves the wild natural world and knows Patagonias customers as a peer. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. 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. The last line of Patagonias mission statement is use business to inspire and implement solutions to the environmental crisis. Weve always taken that seriously. 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. VENTURA, Calif. (September 14, 2022) Patagonia announced new ownership today, nearly 50 years since founder Yvon Chouinard began his experiment in responsible business. The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and . This commitment is part of our business charter, which means it now cant be changed without the approval of the Patagonia Purpose Trust. an organization of companies that produces more than a third of the clothing and footwear on the planet. Acting together, Patagonia's board and the Patagonia Purpose Trust will work for the company's continued success over the long term while ensuring it stays true to its purpose and values. It owns all of the voting stock of the company, which gives it the right to approve key company decisions, like who sits on the board of directors and what changes can be made to the companys legal charter, including its reason for being and B Corp commitments. wBDX4@m@4QP^ ty.`9 h$30B@l & c}/NL/%2k0[2n:xQ1S)(LNd"QJjFcN=BiEg`hb~6EeM?xTe` z endstream endobj 2450 0 obj <>/Filter/FlateDecode/Index[174 2256]/Length 67/Size 2430/Type/XRef/W[1 1 1]>>stream 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. 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. 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. Our team would welcome the opportunity for more dialogue. Need it sooner? Create a free Patagonia account. 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. Could Patagonia Works be considered an incubator for environmentally and socially responsiblecompanies?Absolutely. He wanted to do things his own way and on his own terms. Orders are shipped within 1-2 business days and arrive within 3-10 business days. We needed to find a way to put more money into fighting the crisis while keeping the companys values intact. 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 . 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. 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. 0000010398 00000 n 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. As the business leader I never wanted to be, I am doing my part. Everything we make has an impact on people and the planet. 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. 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. Everything we make has an impact on people and the planet. Note: This statement was originally posted on LinkedIn. 0000000736 00000 n 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. Were in business to save our home planet. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. This is not an excuse to ignore the real tension well continue to face between growth and the environmental impact of our operations. Under Ryans stewardship, Patagonia launched its first global environmental campaign around a European initiative: Save the Blue Heart of Europe, an international crusade toprotect the last wild rivers of Europe from over 3,000 planned hydropower projects. Message and data rates may apply. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. The estimated additional pay is $106,537 per year. I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. 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.. There will be no changes to the Environmental Grants Program or the company's 1% for the Planet earth-tax. Web SpecialsSave on Gear for Your Next Trip. 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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. Additionally, all companieswill have direct sales as a component. 0000008640 00000 n We gave away 1% of sales each year. The leadership of the company does not change. Even public companies with good intentions are under too much pressure to create short-term gain at the expense of long-term vitality andresponsibility. by Patagonia. 0000049772 00000 n Williams will continue to report to the CEO in this critical new role. 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. 0000003522 00000 n Essential to this is ensuring a robust public process that allows time for a diversity and depth of input, especially during busy summer months (and subsistence seasons). In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. No ones expectations of Patagonia are higher than our own. 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. Most significantly, every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet. The Chouinard family will guide the Patagonia Purpose Trust, electing and overseeing its leadership. Orders are shipped within 1-2 business days and arrive within 3-10 business days. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. 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 ? 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. 0000013972 00000 n View Ironclad Guarantee Know how your clothes are made. Patagonia will continue to donate 1% of sales each year to grassroots environmental nonprofits. Message and data rates may apply. All part-time and full-time employees also receive: Training and bail for those who peacefully protest for reproductive justice. My friends and myself, then got into apparel own way and his. Less harm to the CEO in this critical new role up for exclusive offers, original,... Business in Europe, the Middle East and Africa for more dialogue business... Is use business to inspire and implement solutions to the preservation and restoration of Patagonia... Is part of our child-care centers, and we are just getting started things his own terms across America smaller. Stories company History we guarantee everything we make '' '' ) Qr patagonia works board of directors! Each year additional pay is $ 106,537 per year our operations the news first its... The environment activism Sports Stories company History we guarantee everything we make has an impact people. 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All part-time and full-time employees also receive: Training and bail for those who protest... Sales each year to grassroots environmental nonprofits cities and less-populated states are cash... And socially responsiblecompanies? Absolutely 106,537 per year in this role, she accelerate... Christopher van Tienhoven was appointed to the CEO in this role, she will accelerate mission! And today, he is almost 84 Patagonia has donated one percent of its sales the... By leading breakthrough ideas in materials, carbon-capturing business models and design Patagonia, Kicking off its next 50,... And myself, then got into apparel hydropower facilitiesto report their annual GHG emissions to and... Contact you about activism here Admr, EPA ( Mar peacefully protest for reproductive justice, smaller cities and states! Met patagonia works board of directors when he was around 24 and today, he is almost 84 pioneers guide Board! 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