This move marks the latest action in its recently announced plan to restructure the company.
Dannhauser served as senior vice president and corporate controller.
Playboy said Christoph Pachler, executive vice president and chief financial officer, will serve as Playboy's principal accounting officer.
In late June the company announced plans to downsize its business structure and said it will take a second-quarter restructuring charge of about $3 million as a result.
Playboy did not disclose the number of people it plans to layoff.