• by Amy Corr  @MediaPostOTL, June 11, 2008

Susan Lyne has stepped down from her posts as president and Chief Executive Officer of Martha Stewart Living Omnimedia. Replacing her as co-CEOs are Wenda Harris Millard, currently president of media, and Robin Marino, president of merchandising.

Lyne will remain in an advisory role as the transition takes place.

"Four years ago when the Board asked me to take on this role, our principal goal was to rebuild the company and return it to profitability," said Lyne. "We have done that. In the process, we've launched some great new businesses, built an impressive management team and re-affirmed the enduring power of the Martha Stewart brand," she concluded.

Millard, the former chief sales officer at Yahoo, currently oversees MSLO's media businesses, which include online, publishing, and broadcasting.

Marino handles MSLO's merchandising businesses, including licensing partnerships with various retailers, including Macy's, Kmart and 1-800-Flowers.