The leadership has appointed measures aimed at pushing Shutterstock into the next phase of innovation and growth.
New York, October 29th / PRNewswire / -- Shutterstock, Inc. ( NYSE : SSTK ) Today, it is announced that the company's founder and chairman of the board, Jon Oringer, has been appointed as the Chief Executive Officer (CEO). Hichame Assi, who currently serves as the CEO of Envato, a subsidiary of Shutterstock, has been appointed as President and Chief Operating Officer. All of the above appointments took effect on October 28th.
Oringer founded Shutterstock in 2003 and served as the Chief Executive Officer until 2020; he will continue to serve as the Chairman of the Board of Directors. In his role as Chief Executive Officer, he will focus on the company's long-term strategy, strategic investments, and future opportunities. As President and COO, Assi will be responsible for the company's day-to-day operations, with a focus on enhancing operational performance, driving implementation, and leading the transformations required for sustainable growth.
Jon Oringer indicates that: Shutterstock has an incredible foundation, with globally renowned brands and valuable strategic assets. AI is fundamentally reshaping the creative industries, and the pace of change is accelerating. I believe that there are tremendous opportunities to continue building on our strengths, drive business evolution, and create more value for our customers and contributors. Hichame has extensive experience in expanding the global digital business scale and has a deep understanding of our industry and customers. I am delighted to collaborate with him to lead Shutterstock into the next era of innovation and growth.
Since 2020, Assi has served as the Chief Executive Officer of Envato. Subsequently, in 2024, Envato was acquired by Shutterstock. Prior to this, he held the position of Chief Executive Officer at HotelsCombined and helped the company grow from a startup into an international enterprise before it was acquired by Booking Holdings. He possesses extensive experience in leading global teams and dealing with the complexities of rapidly evolving digital markets.
The board of directors expresses its gratitude to Rik Powell. Rik Powell has served as the interim Chief Executive Officer since July 2026, and the board of directors thanks him for his leadership during the transition period.
2026 Third Quarter Financial Report Conference Call
The company also announced that, as it is still evaluating its strategic direction and priorities, it will not hold the third-quarter earnings conference call scheduled for November 5, 2026. The company intends to release the third-quarter financial results in accordance with applicable reporting requirements and will provide further updates on the strategic assessment at an appropriate time.
About Shutterstock
Shutterstock's business is to transform creativity into influence. Leveraging a global network of millions of creators and cutting-edge technology, the company provides the essential materials needed for businesses, creative individuals, and brand leaders to make their work more effective. Shutterstock offers one of the largest and most comprehensive libraries of high-quality licensed materials in the world, specially trained datasets, evaluation tools, and end-to-end strategic partnerships that cover the entire model training lifecycle. It also provides advertising and distribution solutions, exclusive editorial content, and full-service studio production, offering a wide range of resources for efficient creation.
Learn more: www.shutterstock.com. You can also follow the company on LinkedIn, Instagram, X, Facebook, and YouTube.
