Name Leon Gorman Spouse Lisa Gorman (m. ?–2015) | Education Bowdoin College | |
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Died September 3, 2015, Yarmouth Children Jeff Gorman, Jennifer Gorman, Ainsley Gorman Parents Barbara Bean Gorman, John Gorman Siblings James Gorman Sr., John Gorman Jr. | ||
Leon gorman a simple tribute
Leon Arthur Gorman (December 20, 1934 – September 3, 2015) was an American businessman and the president and Chairman of the Board for the clothing company L.L. Bean.
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Career
Gorman was born in Nashua, New Hampshire in 1934. A graduate of Bowdoin College, Gorman began working at the company after three years of Navy destroyer service and a trainee job at Filene's department store. Gorman became president in 1967, after his grandfather Leon Leonwood Bean died. From that time until his presidency ended in 2001, Gorman helped pioneer the company's mail order business and saw an average annual 20% growth rate for the company. In 2001, Gorman decided to take the position of Chairman of the Board, leaving the position of CEO to Christopher McCormick, the first non-family member to assume the title, and in 2013, he became Chairman Emeritus when his nephew, Shawn Gorman, succeeded him as Chairman.
Personal
Gorman was an active philanthropist, having made significant contributions in the public education sector. He was nominated trustee emeritus for Bowdoin College in 2002. In 2010 he was bestowed with the Bowdoin prize, an award given out every five years to the alumnus who has made the greatest contribution to the world.
Having had a reported net worth of $860 million, as of 2012, and again in 2014, he was the wealthiest person living in the state of Maine.
Death
Gorman died of cancer in Yarmouth, Maine on September 3, 2015, aged 80. L.L.Bean announced a $125,000 donation to a new scholarship fund upon his death, representing about 2.5 years of tuition at his alma mater, Bowdoin College.