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Shutterstock Announces Leadership Transition

  • Paul Hennessy has stepped down as Chief Executive Officer and Board Member of Shutterstock, Inc. effective July 13, 2026.
  • Rik Powell, the current Chief Financial Officer, has been appointed as Interim CEO effective immediately.
  • Powell will continue serving as CFO during the transition; he joined the company in June 2024 as Senior Vice President, Finance & Investor Relations, and became CFO in November 2024.
  • The Board recognized Hennessy's 4-year tenure as CEO and 11-year service on the Board, citing his contributions to innovation & growth.
  • Hennessy will remain with the company in a non-executive advisory capacity through August 7, 2026.
  • The Board plans to engage a strategic advisor to assist in formulating the company's go-forward strategy while searching for a permanent CEO.
  • The second quarter 2026 earnings call is scheduled for Thursday, August 6, 2026, at 8:30 AM ET.