Playboy Enterprises, Inc. Announces Leadership Transition

BEVERLY HILLS, Calif., May 31, 2016 /PRNewswire/ -- Playboy Enterprises, Inc., announced today that Ben Kohn, Managing Partner at Rizvi Traverse, the private equity firm that holds a majority stake in Playboy, has been appointed interim CEO of the company.  The move follows the exit of Scott Flanders who has been named Chief Executive Officer of eHealth, Inc., the country's first and largest private health insurance exchange. 

While overseeing operations at Playboy Enterprises, Mr. Kohn will continue in his role as Managing Partner at Rizvi Traverse.  Mr. Flanders, who joined the company as CEO in 2009, will remain on Playboy's Board of Directors and will retain his ownership interest in the company.

"Scott and his team have done a remarkable job of transforming Playboy into a modern global lifestyle brand," said Mr. Kohn.  "I have personally enjoyed working closely with him over the last five years through taking the company private, building our global products licensing division and expanding our media and entertainment business.  Scott has expressed his desire to return to the helm of a public company and this is an incredible opportunity for him.  We wish him well in this new endeavor and as he remains a board member and stakeholder in Playboy, I look forward to continuing to work closely with him as we make this transition."

"The work we have done over the past seven years at Playboy has been incredibly fulfilling and Ben has been a key partner to me and my executive team every step of the way," said Mr. Flanders.  "I know that I leave the company in great hands and am grateful for the support of the team at Playboy as I embrace this new challenge in my career."

About Playboy Enterprises, Inc.
Playboy is one of the most recognized and popular consumer brands in the world. Playboy Enterprises, Inc. is a media and lifestyle company that markets the brand through a wide range of media properties and licensing initiatives. The company publishes Playboy magazine in the United States and licenses foreign editions of Playboy around the world; operates Playboy.com, a leading men's lifestyle and entertainment site; and creates content for distribution via television networks, websites, mobile platforms and radio. Through licensing agreements, the Playboy brand appears on a wide range of consumer products in more than 180 countries, as well as retail stores and entertainment venues. For more information about Playboy Enterprises, please visit
www.PlayboyEnterprises.com.

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SOURCE Playboy Enterprises, Inc.