May 7, 2009 (FinancialWire) — Crown Media Holdings, Inc. (NASDAQ: CRWN) said that Henry Schleiff will be stepping down as president and CEO of Crown Media on May 31. William J. Abbott, the company’s executive vice president for advertising sales, will replace Schleiff as president and CEO.

According to the company, Schleiff’s decision to resign came after discussions in which he indicated he had accomplished what he was brought in to do at the company, which owns and operates Hallmark Channel and Hallmark Movie Channel.

Schleiff’s reportedly expressed a desire to return to his former role of working with smaller cable networks.

Abbott joined Crown Media in 2000 and is currently responsible for national advertising sales, internet services and digital network development for the company’s Hallmark Channel and Hallmark Movie Channel.

Schleiff assumed his current role in October 2006.

Studio City, California-based Crown Media Holdings owns and operates cable television channels. The company currently operates and distributes Hallmark Channel and operates a second 24-hour linear channel, Hallmark Movie Channel.

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