Shutterstock Announces Leadership Transition

July 13 (Reuters) - Shutterstock Inc SSTK.N:

• Shutterstock announces leadership transition
• Shutterstock said Paul Hennessy steps down as CEO and board member effective immediately
• Shutterstock appointed Rik Powell as interim CEO effective immediately
• Shutterstock said Powell will continue as CFO during the transition
• Shutterstock said Hennessy will remain as non-executive advisor through August 7, 2026
• Shutterstock Inc said the board is also planning to engage a strategic advisor to assist the company in formulating its go-forward strategy