Guess Chairman Paul Marciano resigns after probe into improper conduct

(Reuters) - Guess Inc said on Tuesday its co-founder, Paul Marciano, had resigned as the company's executive chairman after a special committee completed an investigation into allegations of improper conduct.

Earlier in February, model and actress Kate Upton tweeted, accusing Marciano of using his power to harass women.

The fashion retailer said on Tuesday many of the allegations, which included inappropriate comments and texts and unwanted advances, could not be corroborated.

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GUESS co-founder Paul Marciano
BEVERLY HILLS, CA - NOVEMBER 02: Paul Marciano (L) and Maurice Marciano at the FIDF Western Region Gala held at The Beverly Hilton Hotel on November 2, 2017 in Beverly Hills, California. (Photo by Shahar Azran/Getty Images)
LOS ANGELES, CA - JUNE 05: Fashion designer and co-founder of Guess? Inc. Paul Marciano speaks at GUESS Celebrates 35 Years with Opening of Exhibition at the FIDM Museum & Galleries at FIDM Museum & Galleries on the Park on June 5, 2017 in Los Angeles, California. (Photo by Emma McIntyre/Getty Images for GUESS, Inc. )
LOS ANGELES, CA - JUNE 05: Fashion designer and co-founder of Guess? Inc. Paul Marciano (L) and VP of Education at FIDM Barbara Bundy at GUESS Celebrates 35 Years with Opening of Exhibition at the FIDM Museum & Galleries at FIDM Museum & Galleries on the Park on June 5, 2017 in Los Angeles, California. (Photo by Emma McIntyre/Getty Images for GUESS, Inc. )
ROME, ITALY - MAY 04: Paul Marciano and Valeria Marini attend the Guess Foundation Denim Day 2017 at Palazzo Barberini on May 4, 2017 in Rome, Italy. (Photo by Venturelli/Getty Images)
ROME, ITALY - MAY 04: Doris Lo Moro and Paul Marciano attend the Guess Foundation Denim Day 2017 at Palazzo Barberini on May 4, 2017 in Rome, Italy. (Photo by Venturelli/Getty Images)
LOS ANGELES, CA - APRIL 29: MOCA Board Co-Chair, Maurice Marciano (L) and designer Paul Marciano at the MOCA Gala 2017 honoring Jeff Koons at The Geffen Contemporary at MOCA on April 29, 2017 in Los Angeles, California. (Photo by Donato Sardella/Getty Images for MOCA)
LOS ANGELES, CA - APRIL 29: Paul Marciano and Lilly Tartikoff Karatz attend the MOCA Gala 2017 on April 29, 2017 in Los Angeles, California. (Photo by JB Lacroix/WireImage)
WEST HOLLYWOOD, CA - MARCH 10: A$AP Rocky GUESS Co-Founder and Chief Creative Officer Paul Marciano attend AWGE presents: A$AP Rocky x GUESS Club on March 10, 2017 in West Hollywood, California. (Photo by Todd Williamson/Getty Images for GUESS)
BEVERLY HILLS, CA - NOVEMBER 03: Fashion designer Paul Marciano (L) and Mareva Georges Marciano attend Friends Of The Israel Defense Forces Western Region Gala at The Beverly Hilton Hotel on November 3, 2016 in Beverly Hills, California. (Photo by Michael Kovac/WireImage)
WEST HOLLYWOOD, CA - JULY 27: Guess Co-Founder Paul Marciano (L) and Mohamed Hadid attend GUESS Celebration Launch of Dare + Double Dare Fragrance at Ysabel on July 27, 2016 in West Hollywood, California. (Photo by Allen Berezovsky/Getty Images for Fashion Media)
WEST HOLLYWOOD, CA - JULY 27: Guess Co-Founder Paul Marciano (R) and model Hailey Baldwin attend GUESS Celebration Launch of Dare + Double Dare Fragrance at Ysabel on July 27, 2016 in West Hollywood, California. (Photo by Allen Berezovsky/Getty Images for Fashion Media)
BARCELONA, SPAIN - MAY 03: (L-R) Paul Marciano and Vanessa Lorenzo attend the Guess Foundation Denim Day Charity at Salt Restaurant - W Hotel on May 3, 2016 in Barcelona, Spain. (Photo by Miquel Benitez/Getty Images)
LOS ANGELES, CALIFORNIA - MARCH 22: GUESS Foundation president Paul Marciano speaks on stage at the GUESS Foundation and Peace Over Violence Denim Day Cocktail Event at at MOCA Grand Avenue on March 22, 2016 in Los Angeles, California. (Photo by Ari Perilstein/Getty Images for GUESS)
LOS ANGELES, CA - APRIL 29: Guess founder Paul Marciano speaks on stage at the GUESS Foundation and Peace Over Violence host 2015 Denim Day celebration at GUESS Headquarters on April 29, 2015 in Los Angeles, California. (Photo by Tommaso Boddi/WireImage)
LOS ANGELES, CA - APRIL 29: CEO and Creative Director of GUESS? Inc. Paul Marciano (L) and Chairman of the Board of GUESS? Inc. Maurice Marciano attend the GUESS and Peace Over Violence press conference for the 16th annual Denim Day at GUESS? Inc. Headquarters on April 29, 2015 in Los Angeles, California. (Photo by Jason Merritt/Getty Images for GUESS)
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However, Guess said the investigation found that Marciano on certain occasions exercised poor judgment in his communications with models and photographers.

Guess appointed Paul Marciano's brother, Maurice Marciano, as chairman of the board. Paul Marciano will remain on the board.

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(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)

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