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Martha Stewart Living CEO to step down

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Martha Stewart Living Omnimedia, Inc. (NYSE:MSO) said this morning that the company’s president and chief executive officer, Susan Lyne, has stepped down from her posts. The media and merchandising company said it will promote president of media Wenda Harris Millard and president of merchandising Robin Marino to the positions of Co-CEO. Ms. Lyne will stay on in an advisory role to ensure a smooth transition and will remain a director during that period.

Shares were halted in pre-market trading. For detailed price information and recent news stories about Martha Stewart Living, click MSO