October 21, 2014 10:15 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of L.L. Bean, Inc.

Company Overview

L.L. Bean, Inc. provides apparel, outdoor equipment, and expert advice worldwide. It offers shirts, sweaters, sweatshirts, pants, outerwear, blazers, accessories, footwear, sleepwear and robes, shorts and swimwear, fleece tops and sweatshirts, skirts and dresses, and swimwear for men, women, and children; backpacks, messenger bags, lunch boxes, and water bottles for children; and footwear for men, women, and children. The company also provides hunting and fishing products, such as hunting apparel and footwear, hunting gear, fishing apparel, fishing gear, fishing kayaks and canoes, dog supplies, electronics, knives and tools, lighting, and sunglasses, as well as binoculars, scopes, and range ...

15 Casco Street

Freeport, ME 04033-0001

United States

Founded in 1912





Key Executives for L.L. Bean, Inc.

Chief Executive Officer and President
Chairman and Vice President of Card Services
Chief Financial Officer
Chief Retail Officer and Member of the Office of President
Age: 65
Senior Vice President of Retail and General Manager of Retail
Compensation as of Fiscal Year 2014.

L.L. Bean, Inc. Key Developments

L.L. Bean to Close Bangor Call Center in 2016

L.L. Bean announced that it will close its Bangor call center in late spring 2016. Affected employees were informed of the company's plan to close the call center earlier in the day, Carolyn Beem confirmed August 27, 2014, night. She said that factors in the company's decision to close the center included infrastructure and the Internet.

L.L. Bean Appoints Hugh Farrington and Matthew Moellering as New Board Members

L.L. Bean appointed Hugh Farrington, former chief financial officer of Hannaford Brothers Company, and Matthew Moellering, CFO and vice president of Express, Inc., in Columbus Ohio as new board members. Farrington held several positions with Hannaford over thirty years. He was the CFO for 10 years. Moellering has been with Express since 2007. Prior to that appointment, he was with Limited Brands and Proctor and Gamble.

L.L. Bean, Inc. Announces Executive Changes

L.L. Bean, Inc. announced the election of Shawn Gorman as its new Chairman. Mr. Gorman replaces Leon Gorman who has served as Chairman of the family controlled Board of Directors. In 2001, Leon assumed the Chairman's position following his retirement as President and CEO, a position he held for over 30 years. Leon Gorman has been named Chairman Emeritus and will remain a member of the Board. The announcement follows the company's Annual Shareholder and Board of Directors meeting held on May 17, 2013. Leon Gorman was President and CEO of L.L. Bean for over 33 years. He served the company for over 50 years in a combination of leadership roles including CEO and Chairman.

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