The Board of Directors appointed Jonathan Oringer as Chief Executive Officer and Chairman of the Board, effective October 28, 2026. Concurrently, Rik Powell ceased serving as Interim CEO but will remain Chief Financial Officer. The company also promoted Hichame Assi to President and Chief Operating Officer, replacing his role as CEO of Envato. Oringer's annual base salary increased from $1.00 to $1,000,000, while Assi receives a fixed remuneration of AUD 775,000 per annum plus RSUs with an aggregate target value of $1.5 million. The company will not hold its scheduled third quarter earnings conference call as it evaluates strategic direction. Shutterstock operates in the digital content and generative AI industry.
