Martha Stewart Living
CEO Sharon Patrick is cutting her ties to the company.
Patrick resigned from the struggling media company's board on Thursday, Martha Stewart Living said in a regulatory filing on Friday. Patrick had served on the company's board since 1997.
Last month, Martha Stewart Living
replaced Patrick as the company's CEO and president with Susan Lyne, a former executive at
ABC television unit. Patrick had served as CEO of the company since last year. She assumed the title after company founder Martha Stewart
resigned it following her indictment on obstruction of justice charges.
Patrick had held the title of president since she joined the company in 1997.
Martha Stewart Living's board has been almost entirely reconstituted over the last 18 months. Following Patrick's departure, only one director -- Jeffrey Ubben, the company's largest outside investor and former chairman -- was on the board prior to Stewart's indictment last year.
A company representative said the company has no immediate plans to replace Patrick on the board. Lyne
joined the board in June at Martha Stewart Living's annual meeting.