June 2, 2009 (FinancialWire) — Playboy Enterprises, Inc. (NYSE: PLA) (Current Market Cap: US$99.31 Mil.) has named Scott N. Flanders as chief executive officer and a member of the company’s board. Flanders joins the company from Freedom Communications, a media company, where he served for three years as president and chief executive officer.

Flanders previously spent nearly six years at Columbia House Co., where, as chairman and chief executive officer, he was responsible for developing and implementing a strategy to return that company to profitability.

In his new role, Flanders will be responsible for Playboy’s strategic direction and business operations.

Playboy Enterprises also appointed David I. Chemerow, the senior vice president and chief financial officer of Olympus Media, as its non-executive chairman.

The two appointments cap a five-month search by the Playboy board, during which board member Jerome Kern served as Playboy’s interim chairman and CEO. Kern will remain on Playboy’s board.

Chemerow, whose appointment is effective immediately, joined Olympus Media, which specializes in the sale of outdoor media, in 2005. For the previous nine years, he held a series of senior executive positions in the media, entertainment and online industry.

Between 1990 and 1996, Chemerow served as executive vice president, finance and operations, and chief financial officer of Playboy, and has served as a member of PEI’s board since leaving the company’s management team.

Chicago-based Playboy Enterprises is a media and lifestyle company that markets its brand through a range of media properties and licensing initiatives. The company publishes Playboy magazine in the United States and abroad and creates content for distribution via television networks, websites, mobile platforms and radio.

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