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. Ryan Gellert, CEO of Patagonia and Patagonia board member said: Two years ago, the Chouinard family challenged a few of us to develop a new structure with two central goals. 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. Ambitions dont get much bigger than that. Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. 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. 0000006513 00000 n The world is literally on fire. Its unique ownership structure reflects that Earth is its only . The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. He wanted to do things his own way and on his own terms. The Chouinard family will guide the Patagonia Purpose Trust, electing and overseeing its leadership. Patagonia Inc. Patagonia, Inc. operates as an apparel store. Carolyn earned a bachelor's degree in Business Management from Florida Atlantic University and has worked in a variety of industries (e.g., law firms, power line construction, public charter school, art gallery). 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. Ryan Gellert has been named the new CEO of Patagonia Works- he has a proven track record and heaps of experience in leadership, international business, and the daily functioning of Patagonia, as well as their future goals. No ones expectations of Patagonia are higher than our own. Need it sooner? 0000005669 00000 n Before joining Patagonia, he spent 15 years at Black Diamond Equipment, where he held a number of roles, including brand president, vice president of supply chain management and managing director of Black Diamond Asia. What is the Holdfast Collective and what does it do? I am dead serious about saving this planet.. ` endstream endobj 2438 0 obj <>stream 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. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia, Inc. 0 By Angling Trade on 09/25/2020 Industry News, People News Ryan Gellert Jenna Johnson From Patagonia: Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. Christopher van Tienhoven was appointed to the Patagonia Board on June 10, 2015. Learn more about our environmental and social responsibility program. Flexible shipping options are available. 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. Weve pledged 1% of sales to the preservation and restoration of the natural environment. Everything we make has an impact on people and the planet. Ryan Gellert, CEO of Patagonia and Patagonia board member said: And while he is in good health now, he wanted to have a plan in place for the future of the company and the future of the planet. Ryan Gellert will continue to serve as CEO and the Chouinard family will continue to sit on Patagonias board, along with Kris Tompkins, Dan Emmett, Dr. Ayana Elizabeth Johnson, Charles Conn (chair of the board), and Ryan Gellert. Will Patagonia just max out sales so it can give away more money each year. Deb Haaland Regarding Willow Project, Earthjustice Letter to Reps. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. 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. Unfortunately, several participants at the hearing incorrectly characterized hydropower as a clean, carbon free resource. Williams will continue to report to the CEO in this critical new role. Effective immediately, the Chouinard family has transferred all ownership to two new entities: Patagonia Purpose Trust and the Holdfast Collective. Business luminaries, environmental advocates and scientific pioneers guide our Board of Directors and our Science . Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. 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. Finally, we request that the Final Report focus on the planning and programs needed to reach an ultimate goal: full recovery and delisting of endangered species. VENTURA, Calif. (September 24, 2020)Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. 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. 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). 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). Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. 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. URGENT ACTION ALERT: Montana Stream Access Under Threat, U.S. Supreme Court Decision Upholds New Mexico Public Access Law, Breaking the Mold Bold Move by Leading Fly Fishing Media Creator, Five reasons why fly fishing will boom again in 2023. Patagonia operates its apparel and equipment, food, and related businesses through the following subsidiaries: Patagonia, Inc. (apparel and equipment), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), Fletcher Chouinard Designs, Inc. (surfboards), Tin Shed Ventures, LLC (investments), and Worn Wear, Inc. (used and upcycled apparel), and Great Pacific Child Development Center (onsite childcare and development). As a climber and backcountry snowboarder, he 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. Were in business to save our home planet. Could Patagonia Works be considered an incubator for environmentally and socially responsiblecompanies?Absolutely. Buy used, trade in and fix your gear through Worn Wear. 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. Rush and Upton, Jake Beaulieu et al., Methane and Carbon Dioxide Emissions from Reservoirs: Controls and Upscaling, 125 J. Geophysical Rsch. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. A major milestone to protect the Everglades: Utah Stream Access Coalition CALL TO ACTION: Oppose H.B. And, I am certain we will also have some fun along the way.. Patagonias community which includes avid anglers, paddlers, and conservationists stands ready to support a strong plan in whatever way we can. The company is owned by Chouinard and Tompkins, who are the co-founders. (Podcast). But its also resilient. The stakes could not be higher. Everything we make has an impact on people and the planet. Yvon Chouinard, Patagonia founder, former owner, and current board member said: Its been a half-century since we began our experiment in responsible business. 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. And that bestows on our family a serious responsibility. We became a certified B Corp and a California benefit corporation, writing our values into our corporate charter so they would be preserved. Ryan is the right person with the best experience and leadership approach to guide our company. 0000007791 00000 n Weve pledged 1% of sales to the preservation and restoration of the natural environment. 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. 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. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. During his 25 years' experience in the mining industry, Mr. van Tienhoven worked for the majority of his career with the Anglo American group in various countries, culminating as Country Manager and President of Anglo Gold Ashanti's Cerro Vanguardia mine. Additionally, all companieswill have direct sales as a component. Message and data rates may apply. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. This reporting will allow regulators, policymakers, and the public to have access to accurate and timely information on these facilities GHG emissions. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. You have exceeded the maximum number of line items for your cart (50). 0000001931 00000 n Introducing Patagonia Works, a new kind of holding company by Yvon Chouinard - May 6, 2013. . Sign up for exclusive offers, original stories, activism awareness, events and more. Twitter Instagram Facebook Google+ | Patagonia.com. No. In all those years, his vision has never wavered. Even public companies with good intentions are under too much pressure to create short-term gain at the expense of long-term vitality andresponsibility. 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. Some individual facilities emit large amounts of GHGs, at levels equal to or greater than the GHG emissions from equivalent coal- and gas-fired power plants. And that bestows on our family a serious responsibility. 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. Quinney College of Law at the University of Utah; an MBA from the Florida Institute of Technology; and a BSBA in finance from the University of North Carolina at Charlotte. The estimated total pay for a Director at Patagonia is $260,402 per year. Since 2014, Gellert has overseen Patagonia's business in Europe, the Middle East and Africa. Buy used, trade in and fix your gear through Worn Wear. 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. 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