Christie Hefner, daughter of Hugh Hefner, announced that she will be leaving Playboy after 20 years! Hefner said that she will stay on as CEO until Jan. 31 and remain on the board until they find a replacement. Read more on Christie Hefner and see photos below.

In the interim, Jerome Kern, a long-time director, has been appointed as the non-executive chairman.

Hefner said that “just as this country is embracing change in the form of new leadership, I have decided that now is the time to make changes in my own life as well.”

Hefner recently gave an interview to CNBC where she hinted that she may be vying for a role in the Obama Administration.

“Like many Americans, I’ve been struck by the call to service that was the hallmark of the campaign, and I was an early supporter of Senator Obama, now President-Elect Obama, and I believe deeply in what he wants to do for our country,” Hefner said. “I’ll be looking for ways in which I can serve to be helpful in that regard.”

Hefner, now 56, joined her father’s magazine out of college and took over as chairman and CEO in 1988 from Hugh Hefner.