FREEPORT, Maine (AP) — The first non-family member to lead L.L. Bean is planning to step down in 2016 after more than a decade as CEO, saying the Maine-based retailer is positioned for future growth.

Chris McCormick, president and CEO, told employees in a memo that he’s giving early notice so there can be a smooth transition.

Recommended Stories

FBI raids California mansion related to Eric Swalwell investigation

Medicine is no place to cut corners

Kamala Harris just ‘doesn’t have it’ on the campaign trail: Tiana Lowe Doescher