Shutterstock Appoints Matt Furlong as Chief Marketplace Officer

Rhea-AI Summary

Shutterstock (NYSE: SSTK) has appointed Matt Furlong as Chief Marketplace Officer, effective January 13, 2025. Furlong will lead the company's Marketplace division and join the executive leadership team, overseeing individual user products and solutions across ecommerce platforms.

In his new role, Furlong will be responsible for shaping the strategy, operations, and growth of the Marketplace division, including alignment across Shutterstock's creative content brands such as PremiumBeat, Pond5, and TurboSquid. He will also manage the Global Customer Success team.

Furlong previously served as CEO of GameStop for two years, focusing on customer experience and business transformation. His prior experience includes leadership roles at Amazon, where he served as Country Manager for Amazon Australia, and a 12-year tenure at P&G.

Positive

• Appointment of experienced executive with significant e-commerce and digital transformation expertise
• Strategic addition to strengthen marketplace operations and customer experience
• Leadership experience in managing multi-billion dollar businesses at Amazon

Negative

• None.

News Market Reaction

-11.10%

1 alert

-11.10% News Effect

On the day this news was published, SSTK declined 11.10%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Former Gamestop executive to join leadership team as head of Marketplace division

NEW YORK, Jan. 8, 2025 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced that Matt Furlong will be joining Shutterstock to lead the company's Marketplace division as Chief Marketplace Officer on Monday, January 13.

In this position and as part of the Shutterstock executive leadership team, Matt will have a key role in shaping the overall strategy, operations and growth of the Marketplace division, which houses the company's individual user products and solutions across various ecommerce platforms.

"Matt's extensive leadership experience and deep operational expertise will be a valuable asset to Shutterstock," said Paul Hennessy, Chief Executive Officer of Shutterstock. "We're confident in his ability to drive the focus and growth needed to better serve our Marketplace customers while helping to achieve our overall business strategy."

Matt will also be responsible for ensuring alignment with business goals across Shutterstock's creative content brands, including PremiumBeat, Pond5 and TurboSquid. In addition, he will oversee the company's Global Customer Success team.

"I'm thrilled to join Shutterstock at such an exciting time in their transformation as a premier visual content company dedicated to empowering creatives," said Furlong. "I've built my career innovating for customers while building leadership brands, and look forward to doing the same for the Shutterstock Marketplace division."

Previously, Matt served as the CEO of GameStop for two years, where he was focused on strengthening the customer experience while driving business transformation. Prior to Gamestop, he led numerous multi-billion dollar businesses at Amazon, culminating in his role as the Country Manager for Amazon Australia. Matt began his career at P&G, where he worked for 12 years before joining Amazon.

About Shutterstock, Inc.
Shutterstock, Inc. (NYSE: SSTK) is a premier partner for transformative brands, digital media and marketing companies, empowering the world to create with confidence. Fueled by millions of creators around the world and a fearless approach to product innovation, Shutterstock is the leading global platform for licensing from the most extensive and diverse collection of high-quality 3D models, videos, music, photographs, vectors and illustrations. From the world's largest content marketplace, to breaking news and A-list entertainment editorial access, to all-in-one content editing platform and studio production service—all using the latest in innovative technology—Shutterstock offers the most comprehensive selection of resources to bring storytelling to life. 

Learn more at www.shutterstock.com and follow us on LinkedIn, Instagram, Twitter, Facebook and YouTube.

View original content to download multimedia:https://www.prnewswire.com/news-releases/shutterstock-appoints-matt-furlong-as-chief-marketplace-officer-302345154.html

SOURCE Shutterstock, Inc.

FAQ

When will Matt Furlong start as Shutterstock's (SSTK) Chief Marketplace Officer?

Matt Furlong will start as Shutterstock's Chief Marketplace Officer on Monday, January 13, 2025.

What brands will Matt Furlong oversee at Shutterstock (SSTK)?

Furlong will oversee Shutterstock's creative content brands including PremiumBeat, Pond5, and TurboSquid.

What was Matt Furlong's role before joining Shutterstock (SSTK)?

Before joining Shutterstock, Matt Furlong served as the CEO of GameStop for two years and previously held leadership positions at Amazon, including Country Manager for Amazon Australia.

What will be Matt Furlong's main responsibilities at Shutterstock (SSTK)?

Furlong will lead the Marketplace division, shaping strategy, operations, and growth of individual user products across ecommerce platforms, while also overseeing the Global Customer Success team.