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People Magazine
February 20, 2018 12:00 pm

Two weeks after model Kate Upton came forward with details alleging designer Paul Marciano of sexual harassment, the Guess co-founder is stepping down from his title.

According to CNBC, Guess? Inc announced that Marciano will give up his day-to-day responsibilities at the company until the sexual misconduct investigation is complete.

“I have pledged my full cooperation to the Company, and I have the utmost confidence in our CEO, Victor Herrero, to continue leading the Company during this time,” Marciano said in a statement.

Earlier this month, Upton alleged that Marciano inappropriately touched her on her first day of shooting with the brand in 2010.

Related article: Kate Upton details alleged sexual harassment by Paul Marciano: “He forcibly grabbed my breasts”

She also accused the designer of asking the photographer to leave him alone with Upton in the room.

TIME reported that Yu Tsai “corroborated details of her allegations.”

Marciano denied the model’s accusations in a statement to PEOPLE. “The claim that I groped Kate Upton the first time I ever met her and in front of dozens of people in a busy hotel lobby is preposterous. I have never been alone with Kate Upton,” he said. “I have never touched her inappropriately. Nor would I ever refer to a Guess model in such a derogatory manner.”

He explained that he will fully cooperate with the investigation. “I fully support the #metoo movement. At the same time, I will not allow others to defame me and tarnish my reputation. I have pledged to Guess and its Board of Directors my full support and cooperation with a fair and impartial investigation.”

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