Paul J. Hennessy stepped down as CEO and Board member effective July 12, 2026, with Rik Powell, the current CFO, appointed as Interim CEO. Powell's interim appointment includes $75,000 monthly cash compensation and a $450,000 restricted stock unit grant. The company is also engaging a strategic advisor to assist with strategy formulation following the termination of its merger agreement with Getty Images. Shutterstock, Inc. is a visual media company providing stock imagery and content services.
