Christie Hefner steps down as Playboy chief executive

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Daughter of Playboy founder Hugh Hefner, Christie Hefner, has announced she is to step down from her chief executive position after 20 years.

Hefner senior launched pin-up magazine Playboy in 1953 in Chicago and the title has gone on to become a global brand.

Board member Jerome Kern will become acting chairman whilst a replacement is decided.

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