| In a press statement, the New York-based company said
Milton Polland had been appointed chairman and acting CEO, while Claude
Bertin was appointed executive vice president, secretary and director.
"Both parties (were) appointed to fill vacancies created by the
resignation of Robert Guccione and Charles Samel," it said.
Among recent securities filings, Guccione was identified on 25
September as Penthouse's chief executive, while Samel was identified
on 30 April as executive vice president.
Penthouse magazine has struggled with a steep drop in sales as
explicit content on the Internet lured away its traditional customers.
General Media filed for Chapter 11 bankruptcy protection in August.