Playboy Enterprises Inc. said Monday Linda G. Havard will step down as executive vice president and chief financial officer at the end of the year.
The media company said it will begin its search for a successor immediately.
Havard has managed the company's financial, treasury, accounting and technology functions for the past 12 years.
Her resignation follows reports that Playboy is in talks to sell its business.
The company's shares closed up 23 cents, or 5.1 percent, at $4.78 before the resignation was announced.
Monday, November 16, 2009
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