Shutterstock CEO Hennessy steps down weeks after failed Getty deal

SSTK•2026-07-13

CEO steps down immediately

Shutterstock said on Monday that Paul Hennessy had stepped down as chief executive officer and board member, effective immediately.

Failed Getty merger and succession plans

Last month, Shutterstock's planned $3.7 billion merger with rival Getty Images collapsed after the UK competition regulator required it to sell its editorial business to secure approval.

Shutterstock's finance chief Rik Powell will take over as interim CEO while continuing as CFO during the transition.

In an SEC filing, the company said Hennessy's departure was not related to any disagreements with the company over its operations, policies or practices.

Hennessy leaves the company after four years as CEO, having joined Shutterstock in 2022, prior to which he was chief executive of pre-owned car retailer Vroom.

Shutterstock's board plans to engage an adviser to help it plan the way forward.

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