NEW YORK – October 30, 2026 -- Shutterstock, Inc. (NYSE: SSTK) has appointed founder and Chairman Jon Oringer as Chief Executive Officer and canceled its third-quarter 2026 earnings conference call, scheduled for November 5, while it evaluates its strategic direction and priorities.
Oringer returns as CEO six years after stepping down
Oringer founded Shutterstock in 2003 and served as CEO until 2020. He remains Chairman of the Board. In the CEO role, he will focus on long-term strategy, strategic investments and future opportunities. Both appointments took effect October 28.
Oringer said that AI is "fundamentally reshaping the creative industry" and that the pace of change is accelerating. He said he sees an opportunity to evolve the business and deliver more value to customers and contributors.
Envato chief Hichame Assi becomes President and COO
Assi has led Envato, now a Shutterstock division, as CEO since 2020. Shutterstock acquired Envato in 2024. As President and COO, Assi takes charge of day-to-day operations, with responsibility for operational performance, execution and the transformation intended to position the company for sustainable growth.
Before Envato, Assi was CEO of HotelsCombined, which he grew from a startup into an international business before its acquisition by Booking Holdings.
Rik Powell exits interim CEO role after serving since July 2026
The Board thanked Rik Powell, who has served as Interim Chief Executive Officer since July 2026, for his leadership during the transition.
Shutterstock cancels November 5 earnings call amid strategic review
The company will not hold the previously scheduled call on November 5, 2026. It still intends to report third-quarter financial results in line with applicable reporting requirements. Shutterstock said it will provide further updates on its strategic review as appropriate. It gave no timeline or scope for the review.