Guess? Inc. Paul Marciano resigned as president after an investigation into accusations of sexual harassment by women, including model Kate Upton, although he will not leave the company he co-founded together.
Marciano, who was replaced as president by his brother Maurice, will leave the post of creative director when his contract expires in January 2019, although he will remain a member of the board, a spokeswoman confirmed. Although he lost his salary for the period of February 20, when the investigation was first announced, until he notified the board of his resignation on Monday, the outgoing Marciano will be paid a salary from now until January, Guess said in a ]presentation.
The allegations included claims of "inappropriate comments and texts, and unwelcome advances that include kissing and touching," the company said. The researchers interviewed more than 40 people and reviewed about 1.5 million pages of documents, including emails, human resources files, social networking messages and travel itineraries.
Marciano and Guess also reached non-confidential settlement agreements with five people for a total of $ 500,000 to avoid "the cost of litigation and without admitting liability or fault," he said.
The investigators concluded that, although not all the accusations could be corroborated, Marciano put himself in situations where such accusations could occur. He already gave up his daily duties at the retailer in February.
"The investigation found that on certain occasions Mr. Marciano exercised a bad judgment in his communications with models and photographers and in putting himself in situations in which plausible accusations of improper conduct could arise, and arose," the company said.
Although Marciano left the position of CEO of Guess in 2015, he maintained a great influence on the fashion brand as president and creative director. He served as art director of a major advertising campaign starring Jennifer Lopez last winter. CEO Victor Herrero will assume the remaining responsibilities of Marciano in the company.
( Add details in the third paragraph) An earlier version was amended to reflect that it will remain on the board in January )