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Playboy Picks a President, Vows to Stay in Print

Alex Vaickus will oversee all of Playboy's businesses including print, TV and digital media.

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Playboy Enterprises Inc. on Tuesday named an 11-year veteran of the adult entertainment company as president, while its chief executive vowed to keep printing its namesake magazine.

Alex Vaickus will serve as the company's president, a new position, and will oversee all of its businesses including print, television and digital media, Playboy said in a statement.

Read more at Reuters.