What is the Holdfast Collective and what does it do? 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. Please reach out if you have questions about any of the above comments. I am dead serious about saving this planet.. You have exceeded the maximum number of line items for your cart (50). No ones expectations of Patagonia are higher than our own. They wanted us to both protect the purpose of the business and immediately and perpetually release more funding to fight the environmental crisis. 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). 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. Soon after, the website Patagonia.com was updated to state that Earth is now our only shareholder and to include a letter from founder Yvon Chouinard. 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. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. 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. Ryan Gellert Chief Executive Officer Matt Dwyer VP, Product Impact & Innovation Glen Morden VP, Product Creation Cara Chacon VP, Social & Environmental Responsibility Bruce Old VP, Global Wholesale K. Corley Kenna Orders are shipped within 1-2 business days and arrive within 3-10 business days. Gellert has overseen . Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. I never wanted to be a businessman. Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. BY Sophie Mellor. So, we created ourown. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. Rick Ridgeway VP Environmental Initiatives and Special Media Projects Ed Auman Business Unit Director- Fieldwear Ryan Gellert Chief Executive Officer Cory Bayers Vice President Global Marketing Yvon Chouinard Founder As noted in a recent petition to the EPA signed by more than 140 organizations, Petition-for-rulemaking-to-add-dams-and-reservoirs-as-a-source-category-under-the-Greenhouse-Gas-Reporting-Program.pdf (tellthedamtruth.com), a growing body of research shows significant greenhouse gas emissions (including CO2 and CH4) from reservoirs and other dam and reservoir operations. We can save our planet if we commit to it. It means supporting employees choices around if or when they have a child. And that bestows on our family a serious responsibility. 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. In 2000, Kristine Tompkins founded Conservacion Patagonica. Everything we make has an impact on people and the planet. Twitter Instagram Facebook Google+ | Patagonia.com. Weve pledged 1% of sales to the preservation and restoration of the natural environment. 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. 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. Save my name, email, and website in this browser for the next time I comment. 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. Patagonia has 9 current employee profiles, including VP Environmental Initiatives and Special Media Projects Rick Ridgeway. I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. 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. Flexible shipping options are available. Prior to his time at Patagonia, Gellert was president of Black Diamond, where he worked for nearly nine years. The Holdfast Collective owns all the nonvoting stock (98 percent of the total stock), and it will use every dollar received from Patagonia to protect nature and biodiversity, support thriving communities and fight the environmental crisis. Effective immediately, the Chouinard family has transferred all ownership to two new entities: Patagonia Purpose Trust and the Holdfast Collective. 0000009506 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. 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. 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. Introducing Patagonia Works, a new kind of holding company. 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. 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. By providing your email address, you agree to our Privacy Policy and Terms of Service. 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. 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). I look forward to working with you and other partners from the government, NGOs and private sector to support climate action in our communities. Why will each company under Patagonia Works beorganized as a B Corp? He wanted to do things his own way and on his own terms. Ryan holds a JD from the S.J. o Annual and projected carbon equivalent emissions from mitigation programs, including fish hatcheries, non-volitional fish passage, and sediment management. ;"6r57dtf-Xa.9ZXyWQ%s;3eZ:u5>YLV >zO=5Qmv+d Nzym0KTCGWp:05@@6LhhdYTfNO]vGc1Y/XWqWU3Aa+::@4(M X &700 September 14, 2022 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.. an organization of companies that produces more than a third of the clothing and footwear on the planet. 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 Minerals - Patagonia Works "The BLM's illegal plan to open up one million acres of our public lands . 0000049731 00000 n Hans is the Environmental Campaigns and Advocacy Director at Patagonia . The Willow Project is the largest oil extraction project currently proposed on U.S. federal lands. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. The Willow Project calls for construction of up to five drill pads with up to 50 wells on each pad, a road system, an airstrip, pipelines, a gravel mine and more. 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. We needed to find a way to put more money into fighting the crisis while keeping the companys values intact. What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. Create a free Patagonia account. 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.. We helped initiate the Sustainable Apparel Coalition. 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. 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. The estimated additional pay is $106,537 per year. 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. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. Could Patagonia Works be considered an incubator for environmentally and socially responsiblecompanies?Absolutely. Deb Haaland Regarding Willow Project, Earthjustice Letter to Reps. In 2018, we changed our official reason for being to amplify . An avid climber and backcountry snowboarder, Ryan has climbed and ridden all over the world. 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. 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. Message and data rates may apply. By providing your email address, you agree to our Privacy Policy and Terms of Service. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. 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. They will also guide the philanthropic work performed by the Holdfast Collective. What is a B Corp (benefit corporation)? Where restrictions exist, travel, lodging and food are covered. 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. Nonvoting stock carries economic value but not decision-making authority. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. 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. We will keep doing all of the great things that built Patagonia, and the company will keep doing its best to be a great employer. And that bestows on our family a serious responsibility. The Patagonia Purpose Trust owns 2% of the company and all of the voting stock. 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. Were making Earth our only shareholder. 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. Patagonia Works will also serve as an umbrella for new businesses the company invests in or develops in the future. Child-care support for parents on work trips. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. Sign up to receive our bi-monthly email newsletter. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. The Patagonia Purpose Trust was created solely to protect our companys values and mission. Angling Trade, LLC. 0000002888 00000 n 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. 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. The last line of Patagonia's mission statement is . document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); 2008-2022. when the board of directors determines that doing so may produce a material positive impact on the environment. This is not the case. 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. 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. You have exceeded the maximum number of line items for your cart (50). Ryan is the right person with the best experience and leadership approach to guide our company. Text STOP to cancel. The company is owned by Chouinard and Tompkins, who are the co-founders. Why? 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. Yvon Chouinard poses in front of a Patagonia store in 1993, two decades before transferring the entire ownership of the company to a nonprofit . Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. Since 2014, Gellert has overseen Patagonia's business in Europe, the Middle East and Africa. h1 01K\Ax'MF[!!' (| endstream endobj 2431 0 obj <>/Metadata 172 0 R/Pages 163 0 R/StructTreeRoot 174 0 R/Type/Catalog/ViewerPreferences<>>> endobj 2432 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>/XObject<>>>/Rotate 0/StructParents 8/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 2433 0 obj <> endobj 2434 0 obj <> endobj 2435 0 obj <> endobj 2436 0 obj <> endobj 2437 0 obj <>stream Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Its clear from our early reading of todays opinion that the Court has restricted the executive branchs ability to protect those who are most affected by climate change and to support communities on the front lines of climate activism. It means giving parents the resources they need to work and raise children. 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. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. 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. Despite the misguided opinions of this Court, were more determined than ever to save our home planet. 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. 0000013972 00000 n 0000006513 00000 n 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. Need it sooner? Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. The estimated total pay for a Director at Patagonia is $260,402 per year. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. Biogeosciences 12, 19 (2020), 4Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. What is Patagonia Works? Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. Like Lost Arrow Corporation, Patagonia Works will offer its member companies value through collective services such as accounting, legal, human resources, etc. 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. Track orders, save products, easy hassle-free returns & exchanges. Its unique ownership structure reflects that Earth is its only . 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. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. Patagonia will remain a B Corp and continue to give one percent of sales each year to grassroots activists. 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. Track orders, save products, easy hassle-free returns & exchanges. Whats changed now is that the company has additional stewardship from the Patagonia Purpose Trust. 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). 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. 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. What does it do Middle East and Africa Policy and Terms of Service company and all of voting! More from Patagonia supporting employees choices around if or when they have a child the. Is its only then got into apparel line of Patagonia are higher than own. Umbrella for new businesses the company has additional stewardship from the Patagonia Purpose Trust oil! 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