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. 0000003088 00000 n 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. September 24, 2020 If we want to protect nature and support communities, businesses cant continue to adhere to the prevailing economic model. 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. 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. 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. BY Sophie Mellor. Introducing Patagonia Works, a new kind of holding company by Yvon Chouinard - May 6, 2013. . View Ironclad Guarantee Know how your clothes are made. 0000049731 00000 n Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. This is our purpose. Explore our guide to Patagonia. 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.. No ones expectations of Patagonia are higher than our own. Flexible shipping options are available. 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. . The company has pulled its vests and jackets after a co-owner of the resort hosted a right-wing fundraiser with, among others in attendance, Rep. Marjorie Taylor Greene. Burning the oil produced from this project would release more than 260 million metric tons of carbon dioxide into the atmosphere, equivalent to the emissions from 66 new coal-fired power plants per year. This is not the case. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. I look forward to working with you and other partners from the government, NGOs and private sector to support climate action in our communities. Reduce inequity by targeting climate and clean energy investments in disadvantaged and frontline communities. 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 company operates under a unique business model called the "Patagonia Provision Company." This business model allows the company to operate without a board of directors. A major milestone to protect the Everglades: Utah Stream Access Coalition CALL TO ACTION: Oppose H.B. Taldi serves on the Board of Directors of the . Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. One Patagonia employee serves on its board of directors and another as an advisor. 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. Please reach out if you have questions about any of the above comments. A copy of the rulemaking petition to EPA is attached, and we are happy to provide additional information on this issue. 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. }gt%vP5pO*,K. Family members 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, our CEO. Everything we make has an impact on people and the planet. It will make the company more competitive and its employees around the world will forever be empowered by purpose. Kristine McDivitt Tompkins, Every time you read a new scientific report, it's clear the climate crisis is happening faster than we thought and it's worse than we thought. 21, 2022). 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). Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. an organization of companies that produces more than a third of the clothing and footwear on the planet. 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. 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Could Patagonia Works be considered an incubator for environmentally and socially responsiblecompanies?Absolutely. Additional Quotes from Patagonia Board of Directors . 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). In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. No. Angling Trade E-Survey: Whats the ideal age to start teaching a kid fly fishing? Hear the latest economic, business and market news, as well as global, national, and local news. 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. 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. oIRcOk#v'lXvCuJp< x,Z.E>BZ,M@rcl./Na)&l 9m7e^T+%8m40**IjibSe >x2z)g$M^( KsT\)GHSqxlpJ :N;]H:n` ^ endstream endobj 2439 0 obj <>stream The petition requests that EPA require dam and reservoir facilitiesincluding hydropower facilitiesto report their annual GHG emissions to EPA and the public. The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. 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. Board of Directors & Advisory Board Environmental Defense Center . B Corps (benefit corporations) are a new kind of corporation legally required to: 1) have a corporate purposeto create a material positive impact on society and the environment; 2) redefine fiduciary duty to requireconsideration of the interests of workers, community and the environment; and 3) publicly report annuallyon overall social and environmental performance using a comprehensive, credible, independent, andtransparent third party standard. Our team would welcome the opportunity for more dialogue. Williams will continue to report to the CEO in this critical new role. 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. While were doing our best to address the environmental crisis, its not enough. 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. I dont like to think of myself as a businessman. 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 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. 0000004050 00000 n Create a free Patagonia account. The Willow Project is the largest oil extraction project currently proposed on U.S. federal lands. 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. Concerned about the environmental impact? The last line of Patagonia's mission statement is . 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. We started with our products, using materials that caused less harm to the environment. It means supporting employees choices around if or when they have a child. There will be no changes to the Environmental Grants Program or the company's 1% for the Planet earth-tax. Executive headshots can be downloadedHERE. If we could do the right thing while making enough to pay the bills, we could influence customers and other businesses, and maybe change the system along the way. Most significantly, every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet. If we have any hope of a thriving planet 50 years from now, it demands all of us doing all we can with the resources we have. Even public companies with good intentions are under too much pressure to create short-term gain at the expense of long-term vitality andresponsibility. 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. Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. It will help ensure that there is never deviation from the intent of the founder and to facilitate what the company continues to do best: demonstrate as a for-profit business that capitalism can work for the planet. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, The executive who had overseen the organization's business in Europe, the Middle East and Africa since 2014 now heads the. The Patagonia Purpose Trust was created solely to protect our companys values and mission. So, we created ourown. Please remove some items to proceed. Weve pledged 1% of sales to the preservation and restoration of the natural environment. Whats changed now is that the company has additional stewardship from the Patagonia Purpose Trust. 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. 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