Shutterstock Founder Jon Oringer Returns as CEO; Hichame Assi Named President and COO
The third-quarter earnings call has been canceled while the company evaluates its strategic direction and priorities.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Shutterstock (NYSE: SSTK) appointed founder Jon Oringer as Chief Executive Officer, effective October 28, 2026, while he remains Chairman.
Hichame Assi, CEO of Shutterstock division Envato, became President and Chief Operating Officer on the same date. Oringer will focus on long-term strategy, strategic investments and future opportunities. Assi will oversee day-to-day business, operational performance and execution. Oringer previously served as CEO until 2020; Rik Powell had served as interim CEO since July 2026.
Shutterstock will not hold its previously scheduled November 5, 2026, third-quarter earnings call as it evaluates its strategic direction and priorities. The company intends to report third-quarter financial results in accordance with applicable reporting requirements and provide updates on its strategic review as appropriate.
Positive
- None.
Negative
- Minor pointNovember 5, 2026, third-quarter earnings call canceled as Shutterstock evaluates strategic direction and priorities.
Details
Market Reaction – SSTK
On Oct 29, the day this news came out, the latest delayed price for SSTK is 5.99% above the previous close. Our momentum scanner has recorded 2 alerts for this stock so far that day. The latest delayed price is $4.60.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Leadership appointments position Shutterstock for its next phase of innovation and growth
Oringer, who founded Shutterstock in 2003 and served as CEO until 2020, will continue as Chairman of the Board. As CEO, he will focus on the Company's long-term strategy, strategic investments, and future opportunities. As President and COO, Assi will lead the Company's day-to-day business, with responsibility for strengthening operational performance, driving execution, and leading the transformation needed to position Shutterstock for sustainable growth.
"Shutterstock has an incredible foundation, with a globally recognized brand and valuable strategic assets," said Jon Oringer, Chairman and CEO of Shutterstock. "AI is fundamentally reshaping the creative industry, and the pace of change is accelerating. I see tremendous opportunity to build on our strengths, evolve our business, and deliver more value to customers and contributors. Hichame brings deep experience scaling global digital businesses and a strong understanding of our industry and customers. I'm excited to partner with him as we lead Shutterstock into its next era of innovation and growth."
Assi has served as CEO of Envato since 2020, prior to its acquisition by Shutterstock in 2024. Previously, he was CEO of HotelsCombined, where he helped grow the company from a startup into an international business before its acquisition by Booking Holdings. He brings extensive experience leading global teams and navigating the complexities of rapidly evolving digital markets.
The Board thanks Rik Powell, who has served as Interim Chief Executive Officer since July 2026, for his leadership during the transition.
Third Quarter 2026 Earnings Conference Call
The Company also announced that it will not hold its previously scheduled third quarter 2026 earnings conference call on November 5, 2026, as it continues to evaluate its strategic direction and priorities. The Company intends to report its third quarter financial results in accordance with applicable reporting requirements and will provide further updates on its strategic review as appropriate.
About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.
View original content to download multimedia:https://www.prnewswire.com/news-releases/shutterstock-founder-jon-oringer-returns-as-ceo-hichame-assi-named-president-and-coo-302924205.html
SOURCE Shutterstock, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who are Shutterstock's new CEO and President and COO?
Jon Oringer became CEO and Hichame Assi became President and COO, effective October 28, 2026. Oringer remains Chairman and will focus on long-term strategy and strategic investments. Assi will lead day-to-day business and operational execution.
Will Shutterstock hold its November 5, 2026, earnings call?
Shutterstock will not hold its previously scheduled November 5, 2026, third-quarter earnings conference call as it evaluates its strategic direction and priorities. The company intends to report third-quarter financial results in accordance with applicable reporting requirements.