Summers is featured on the cover of Playboy's June issue and inside the publication in a 12-page pictorial that gives a nod to each decade of Playboy's 60-year existence, shot by renowned fashion photographer Michael Bernard. The issue will be on newsstands and iPlayboy.com May 23.
The 27-year-old blonde stunner first appeared in Playboy as the magazine's December 2013 Playmate of the Month.
"As 2014's Playmate of the Year, my mission is to help Playboy thrive, as it always has, to break boundaries and carry us into the future," Summers said during a luncheon at the Playboy Mansion Thursday. "I couldn't be more excited!"
Along with her title, Summers also received $100,000 in prize money; an Oris Artelier Date Diamonds watch, featuring a multi-piece stainless steel case set with 72 diamonds; and a one-year lease on a MINI John Cooper Works Roadster, Playboy said.
2014: The Year in Music [PHOTOS]