Pendleton Woolen Mills said Mort Bishop III, its president, will retire, effective June 30.

Bishop, who will will continue to serve on the board, has served in the role since 1999. He had been at the company for 40 years. John Bishop, who most recently served as chairman of the management committee and chairman of the board, will become CEO and president. John Bishop  is a cousin of Mort Bishop.

Peter Bishop was promoted to executive vice president of design and merchandising, Robert Christnacht to executive vice president of sales and Annetta Young to executive vice president of operations and planning. Dennis Simmonds remains chief financial officer.

“I am grateful to have spent 40 years with Pendleton, and honored to lead the company as president for the past 18 years,” Mort Bishop said in a statement. “I am proud of what our organization has accomplished over the years where there have been successes and challenges.”

He added, “We have a new generation of leaders willing and capable to assume greater responsibility.”

Photo courtesy Pendleton Woolen Mills