Shutterstock CEO Paul Hennessy steps down; CFO named interim chief

Shutterstock, Inc. (NYSE: SSTK) announced that Paul Hennessy has stepped down as chief executive officer and board member, effective immediately, according to a company press release dated July 13, 2026.

The company's board has appointed Rik Powell, who serves as chief financial officer, to the role of interim CEO. Powell will continue to hold the CFO position during the transition. He joined Shutterstock in June 2024 as senior vice president of finance and investor relations and was named CFO in November 2024.

Hennessy served as CEO for four years and was a board member for 11 years. He will remain with the company in a non-executive advisory capacity through August 7, 2026.

The board said it has begun a search for a permanent chief executive and plans to engage a strategic advisor to help develop the company's go-forward strategy.

Shutterstock's second-quarter 2026 earnings call is scheduled for August 6, 2026, at 8:30 a.m. ET.

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