The founder of L Brands, which owns both Victoria’s Secret and Bath & Body Works, retired during a virtual annual meeting Thursday morning — relinquishing his role as chief executive and chairman of the publicly traded company.

Wexner, 82, in February had announced plans to step down as chief executive of the Columbus, Ohio-based company after having earned the distinction of being the longest-tenured CEO in the S&P 500.

“When I look in the mirror, I see a person who is very content and happy,” Wexner told shareholders from his home, according to reports.

Wexner‘s departure, however, comes at a time when his reputation for having built iconic clothing brands like Abercrombie & Fitch, Express, The Limited, Lane Bryant and Victoria’s Secret has been tainted by sagging sales at Victoria’s Secret; complaints of a culture of misogyny, bullying and sexual harassment at the lingerie peddler; and new revelations about Wexner’s business dealings with convicted pedophile Jeffrey Epstein.

The late Epstein was Wexner’s financial manager and has been accused of abusing his ties to the company by posing as a recruiter for Victoria’s Secret.

Wexner’s departure also comes amid growing uncertainty over the future of Victoria’s Secret after a deal for private equity firm Sycamore Partners to take a 55 percent stake in the lingerie giant fell apart. Sycamore called the deal off in April, claiming that L Brands had violated the terms by closing stores during the COVID-19 pandemic.