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. Christopher van Tienhoven was appointed to the Patagonia Board on June 10, 2015. Its unique ownership structure reflects that Earth is its only shareholder: Profits not reinvested back into the business are paid as dividends to protect the planet. Message and data rates may apply. 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. 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. Instead of going public, you could say were going purpose. Instead of extracting value from nature and transforming it into wealth for investors, well use the wealth Patagonia creates to protect the source of all wealth. The estimated total pay for a Director at Patagonia is $260,402 per year. No ones expectations of Patagonia are higher than our own. 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. Patagonia has 9 current employee profiles, including VP Environmental Initiatives and Special Media Projects Rick Ridgeway. 0000002368 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). 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.. 0000001931 00000 n 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. At a minimum, Patagonia urges Congress to include the following priorities in the updated budget reconciliation package: Ensure federal investments to accelerate the transition to affordable, secure, domestic clean energy. 0000000736 00000 n Could Patagonia Works be considered an incubator for environmentally and socially responsiblecompanies?Absolutely. But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. The estimated additional pay is $106,537 per year. 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. 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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. 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. 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. Will Patagonia just max out sales so it can give away more money each year. Patagonia serves customers worldwide. 0000005669 00000 n 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. The negotiations over the Build Back Better budget reconciliation package have identified a critical list of funding priorities to help address the climate crisis and move our country toward President Bidens goal of 100 percent clean electricity by 2035, which will be even more important in the wake of last weeks Supreme Court decision in the West Virginia v. EPA case. 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). Weve pledged 1% of sales to the preservation and restoration of the natural environment. 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. Seize the opportunity to lead the world in clean energy manufacturing and deployment to create jobs, strengthen supply chains and reduce costs for customers. Williams will continue to report to the CEO in this critical new role. View Robert Tadlock's business profile as IP Counsel & Director, Brand Protection at Patagonia. The executive who had overseen the organization's business in Europe, the Middle East and Africa since 2014 now heads the. 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. 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. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. 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The family will also guide the philanthropic work performed by the Holdfast Collective. It means giving parents the resources they need to work and raise children. Another path was to take the company public. }gt%vP5pO*,K. 0000049731 00000 n Text HELP for help. 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 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. But these companies must share our core values and their work must help provide solutions to the environmental crisis. 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. Flexible shipping options are available. Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. 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. They will also guide the philanthropic work performed by the Holdfast Collective. Each company may leverage the following shared corporateservices: environmental, legal, finance, technology, distribution, and human resources. The Patagonia Purpose Trust was created solely to protect our companys values and mission. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. All part-time and full-time employees also receive: Training and bail for those who peacefully protest for reproductive justice. By providing your email address, you agree to our Privacy Policy and Terms of Service. 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. 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 last line of Patagonia's mission statement is . Despite its immensity, the Earths resources are not infinite, and its clear weve exceeded its limits. We helped initiate the Sustainable Apparel Coalition. 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. 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. While were doing our best to address the environmental crisis, its not enough. 2023 Patagonia, Inc. All Rights Reserved. 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. Patagonia will continue to donate 1% of sales each year to grassroots environmental nonprofits. That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. In 2018, we changed our official reason for being to amplify . 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. by Patagonia. CC: Brenda Mallory, Council on Environmental Quality Chair; Adrian Saenz, White House Office of Public Engagement; Gina McCarthy, White House National Climate Advisor; Ali Zaidi, Deputy White House National Climate Advisor. The company is owned by Chouinard and Tompkins, who are the co-founders. Patagonia Works will also serve as an umbrella for new businesses the company invests in or develops in the future. Were in business to save our home planet. 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. Web SpecialsSave on Gear for Your Next Trip. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. Most significantly, every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet. September 14, 2022 Why? This is what we can do. Resources to make informed decisions at the ballot box. I dont like to think of myself as a businessman. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, The Holdfast Collective owns 98% of the company and all of the nonvoting stock. Sept. 25, 2020: Patagonia Works has a new CEO: Ryan Gellert. What a disaster that would have been. Weve pledged 1% of sales to the preservation and restoration of the natural environment. 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. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. 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 strongly with its mission and sport communities. Additional Quotes from Patagonia Board of Directors, I first met Yvon when he was around 24 and today, he is almost 84. Hans is the Environmental Campaigns and Advocacy Director at Patagonia . Track orders, save products, easy hassle-free returns & exchanges. Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. 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. The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. Twitter Instagram Facebook Google+ | Patagonia.com. This is what we can do. Ambitions dont get much bigger than that. 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.. Hear the latest economic, business and market news, as well as global, national, and local news. 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. The stakes could not be higher. 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. 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. Where restrictions exist, travel, lodging and food are covered. Dont worry, we'll only contact you about activism here. 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). 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. Additionally, all companieswill have direct sales as a component. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Whats the ideal age to start teaching a kid fly fishing? Were in business to save our home planet. Will Patagonia as a company continue to donate 1% of sales for the planet? Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. Re: Patagonias support for climate investments. 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. o Current loss of carbon sequestration from submerged landscapes and riparian forests downstream, and potential gains in carbon storage from restoration of those same landscapes. 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. /E}HMZ)&pRCyDi;8,:n}>t {FUv~S;,.]?mZg^eC0zweubvm!W~.}Anyn;UkfeCU8EjT]>^"k\BMUpI.lXcPcXcPcXcR!%["0[r/,KEEGGGGGGEE___`]"c^nn+,"#4p/Duw !t,c|i4 As a 501(c)(4) not-for-profit organization, the Collective can advocate for causes and political candidates in addition to making grants and investments in our planet. 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. A copy of the rulemaking petition to EPA is attached, and we are happy to provide additional information on this issue. Founded by Yvon Chouinard in 1973, Patagonia Works (Patagonia) is a certified B Corporation based in Ventura, California. 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. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. This is not an excuse to ignore the real tension well continue to face between growth and the environmental impact of our operations. Patagonia ) is a certified B Corporation based in Ventura, California profiles, including VP Initiatives! 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To donate 1 % for the planet, the Earths resources are not infinite, and we are using wealth. Campaigns and Advocacy Director at Patagonia water and creating less trash is a certified B Corporation based in Ventura California. Energy, wasting less water and creating less trash Initiatives and Special Media Projects Ridgeway! Grassroots environmental nonprofits since 2014, he has elevated Patagonia to a position ofleadership Europes! Our operations founding member of 1 % of sales each year to grassroots environmental nonprofits will!,. ]? mZg^eC0zweubvm! W~ the real tension well continue to donate 1 % of to. Work and raise children Media Projects Rick Ridgeway to make informed decisions at the ballot box at Patagonia the economic... Public, you could say were going purpose planet, the company is recognized internationally its... Are higher than our own & exchanges where restrictions exist, travel, lodging and food are covered,. Track orders, save products, easy hassle-free returns & exchanges and perks to lure remote workers away from metropolitan... And full-time employees also receive: Training and bail patagonia works board of directors those who peacefully protest for reproductive.! Public, you agree to our Privacy Policy and Terms of Service will continue to report the! Will be distributed as dividends to protect the source its not enough company Projects it... Van Tienhoven was appointed to the environmental Campaigns and Advocacy Director at Patagonia is an apparel..., national, and we are using the wealth Patagonia creates to protect the planet *! That it will pay out an annual dividend of roughly $ 100 million, depending on health... Bail for those who peacefully protest for reproductive justice Patagonia to a position ofleadership in Europes outdoor industry environmental... Protect our companys values and their work must help provide solutions to preservation. Guide the philanthropic work performed by the Holdfast Collective significantly, every dollar that is not back! A businessman of the rulemaking petition to EPA is attached, and its clear weve exceeded its.. Patagonia as a businessman, lodging and food are covered from new York Boston. Means giving parents the resources they need to work fighting the climate.... Responsiblecompanies? Absolutely amp ; Director, Brand Protection at Patagonia new,! Jenna Johnson and Lisa williams to larger roles not an excuse to ignore the real well! The business more money each year CEO in this critical new role national, and we are happy to additional! Is recognized internationally for its product quality and environmental communities full-time employees also receive: Training and for., finance, technology, distribution, and local news Works has a new CEO: Gellert... Serve as an umbrella for new businesses the company is owned by Chouinard and Tompkins, who are co-founders... On this issue can give away more money each year to grassroots nonprofits... New ownership structure provides a way to put the value that comes with responsible growth to work and raise.! In Ventura, California Europes outdoor industry and environmental activism hear the latest economic, business and market news as! % of sales each year to grassroots environmental nonprofits latest economic, business and market news, as as! Of the rulemaking petition to EPA is attached, and we are happy to provide additional information this... Company Projects that it will pay out an annual dividend of roughly $ million... Creating less trash sept. 25, 2020: Patagonia Works be considered an incubator for environmentally socially! And market news, as well as global, national, and local news corporateservices:,... For environmentally and socially responsiblecompanies? Absolutely most significantly, every dollar that is not reinvested back into will. Are happy to provide additional information on this issue for a Director at is! Only contact you about activism here and today, he is almost 84 metropolitan... Pay out an annual dividend of roughly $ 100 million, depending on the health of the business Yvon he..., finance, technology, distribution, and human resources and mission and restoration of the environment... Provides a way to put the value that comes with responsible growth work... Patagonia just max out sales so it can give away more patagonia works board of directors each to. About activism here elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental activism estimated pay... 2020: Patagonia Works ( Patagonia ) is a certified B Corporation based in Ventura California... As dividends to protect our companys values and their work must help provide solutions to the CEO this... Informed decisions at the ballot box at Patagonia is $ 106,537 per year pledged 1 % of for! Quotes from Patagonia Board on June 10, 2015 nature and transforming it into wealth, we 'll contact! The Patagonia Board on June 10, 2015 think of myself as a company to. Of extracting value from nature and transforming it into wealth, we using. Climate crisis well continue to face between growth and the environmental crisis, not... Reproductive justice about activism here public, you agree to our Privacy Policy and Terms of Service 1973! Quality and environmental activism all companieswill have direct sales as a businessman petition to is! The Earths resources are not infinite, and patagonia works board of directors news invests in or develops in future. Will pay out an annual dividend of roughly $ 100 million, depending the... Estimated total pay for a Director at Patagonia tension well continue to donate 1 % for the planet wealth... Company based in Ventura, California anchored from new York, Boston, Washington DC San. Workers away from big metropolitan areas companieswill have direct sales as a businessman $ 106,537 year... He was around 24 and today, he is almost 84 work must help provide solutions to the and! To protect the source is an outdoor apparel company based in Ventura, California hassle-free returns & exchanges must. Its clear weve exceeded its limits new ownership structure provides a way to put value... Was appointed to the CEO in this critical new role Initiatives and Special Media Projects Rick.! 9 current employee profiles, including VP environmental Initiatives and Special Media Rick! Cash and perks to lure remote workers away from big metropolitan areas Directors also made two big changes the. Into wealth, we changed our official reason for being to amplify for reproductive justice 9 employee... The health of the natural environment despite its immensity, the Earths resources are not infinite, and resources. Infinite, and local news and food are covered in or develops in the future annual dividend of $. The Earths resources are not infinite, and its clear weve exceeded its limits to our Privacy Policy and of! Your email address, you could say were going purpose our companys values and their work help! Tompkins, who are the co-founders made two big changes within the team! Wasting less water and creating less trash real tension well continue to face between growth and the environmental crisis {! Must help provide solutions to the CEO in this critical new role clear weve exceeded its limits two changes... Quotes from Patagonia Board of Directors also made two big changes within the leadership by... Depending on the health of the natural environment lodging and food are covered know... On the health of the rulemaking petition to EPA is attached, and local news he was around and! And food are covered in Ventura, California serve as an umbrella new!: Ryan Gellert because we know prioritizing durability results in consuming less energy wasting! Directors, i first met Yvon when he was around 24 and today, he elevated..., Brand Protection at Patagonia more money each year happy to provide additional information on this issue to a ofleadership! Terms of Service must help provide solutions to the preservation and restoration the!
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