Schleiff to Exit Crown Media's Top Post, Abbott to Helm

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Henry Schleiff is stepping down as president and CEO of Crown Media, effective May 31, a move both he and the Hallmark Channel parent company characterized as “amicable.”

Replacing Schleiff at the helm is Bill Abbott, executive vp, advertising sales.

Schleiff’s decision to move on after two-and-a-half years at Crown was motivated by his desire to “explore new challenges.” In a statement, Schleiff said that he had accomplished the objectives that were laid out for him when he joined the Hallmark family in October 2006.

As part of Schleiff’s compensation package, Crown Media agreed to buy out the remaining time on Schleiff’s contract with a lump sum of $2.48

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