Twenty-five years ago, Gorman said he hoped the company would be remembered for, among other things, its "values and integrity," for fulfilling responsibilities to stakeholders and for treating customers and employees as "human beings."
Leon Gorman, longtime LL Bean leader, dies at 80 →
The retailer will look for a successor from both inside and outside the company, but Gorman said his preference is to promote someone from within L.L. Bean who's familiar with company culture.
LL Bean's CEO to step down in 2016 →