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Playboy.com Appoints New President: Playboy.com has appointed Randy Nicolau as its new persident. He replaces Lawrence Lux, who was appointed president in July 2000.
Nicolau joined Playboy.com last year as the senior VP responsible for the company’s marketing, e-commerce and subscription services. “We have already succeeded in translating the Playboy brand to a dynamic online experience monetized via multiple revenue streams,” said Nicolau in a statement. “I am confident that we can continue the growth and achieve our goal of reaching breakeven this year.” As of June 30, 2002, Playboy Cyber Club, the subscription-based online service, had 131,000 members, up 48 percent and 11 percent from a year earlier and March 31, 2002, respectively.
For more on Playboy.com’s earnings in the last quarter, see my earlier posting.