Convicted entrepreneur Martha Stewart resigned Monday as "Chief Creative Officer" and member of the board of directors of her company, Martha Stewart Living Omnimedia.

A week ago she was convicted of conspiracy, obstruction of justice, and lying to federal investigators regarding a stock sale.

Stewart is the entrepreneur who turned a talent for home making into a business empire of magazines and television programs focused on domestic arts.

She will continue working for Martha Stewart Living Omnimedia as an editor. She also is working on books about baking and homemaking.

Stewart, who is 62, is scheduled to be sentenced in June. She could face up to 20 years in prison on her four convictions, but legal experts say she is more likely to serve between 10 and 16 months.