Shutterstock CEO Hennessy steps down weeks after failed Getty deal

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13/07/2026 22:37

    July 13 (Reuters) - Shutterstock SSTK.N said on Monday Paul Hennessy had stepped down as chief executive officer and board member, effective immediately.
Here are some details:
Last month, Shutterstock's planned $3.7 billion merger with rival Getty Images GETY.N 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.

 (Reporting by Anhata Rooprai in Bengaluru; Editing by Tasim Zahid)
 ((Anhata.Rooprai@thomsonreuters.com))