Management ChangeOct 29, 2026, 05:16 PM
Shutterstock Founder Jon Oringer Returns as CEO; Hichame Assi Named President and COO
AI Summary
Shutterstock, Inc. announced significant leadership changes, appointing founder Jonathan Oringer as Chief Executive Officer and Chairman of the Board, effective October 28, 2026. Oringer's annual salary has been increased to $1,000,000. Hichame Assi has been appointed President and Chief Operating Officer, with a fixed remuneration of AUD 775,000 and eligibility for RSUs totaling $1.5 million. Rik Powell will transition from Interim CEO to continue as CFO. The company also announced the cancellation of its third quarter 2026 earnings conference call.
Key Highlights
- Jonathan Oringer appointed CEO and Chairman of the Board, effective October 28, 2026.
- Rik Powell ceases serving as Interim CEO, continues as CFO.
- Jonathan Oringer's annual base salary increased from $1.00 to $1,000,000.
- Hichame Assi appointed President and Chief Operating Officer.
- Hichame Assi's fixed remuneration set at AUD 775,000 per annum.
- Hichame Assi to receive $1.5 million in restricted stock units (RSUs).
- Shutterstock cancels its third quarter 2026 earnings conference call.
Price Impact
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