75-year-old Ralph Lauren is stepping down !!! @RalphLauren #fashion

Ralph Lauren is stepping down from his role as CEO of his namesake company.

According to a release from the all-American brand, the 75-year-old designer will still stay on as executive chairman and chief creative officer. The new company as CEO is Stefan Larsson, ex global president, Old Navy. Larsson is chief executive and will have a seat on the board, he’s still reporting to Lauren.

Larsson will step into his new role in November.