LL’s grandson, Leon A Gorman is the person most responsible for guiding the company into the modern age. He became President after LL’s death in 1967 and then Chairman of the Board, and later, Chairman Emeritus until his death in 2015.
Leon was highly respected and beloved. When he died, they closed the flagship store that day, the first time that had happened since 1967.
Although the business is approaching $2B in sales and will probably hit it by 2025, LLBean is still a private company and family held. Shawn Gorman, Leon’s nephew was named Chairman in 2013.
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