SHUTTERSTOCK APPOINTS PAUL HENNESSY AS EXECUTIVE DIRECTOR | News

NEW YORK, May 11, 2022 / PRNewswire / –Shutterstock, Inc.(NYSE: SSTK), a leading global creative platform for transforming brands and media companies, announced today that Paul Hennessy was appointed CEO on July 1, 2022. Paul Hennessywho from 2015 Member of the company’s Management Board, successes Jon OringerFounder of Shutterstock, who currently serves as Interim CEO. Jon Oringer he will continue to serve as Chairman of the Board of Directors.

With over 20 years of experience in global leadership and digital Paul Hennessy Oversee a smooth transition to pursue Shutterstock’s strategy of building a world-class platform to transform and revolutionize creative industries.

Having worked with Mr. Hennessy on the Board of Directors for the past seven years, I know he has the capacity to lead Shutterstock into the next chapter of growth and transformation. ” explained Jon OringerFounder and CEO of Shutterstock. Mr. Hennessy is a data-driven, growth-driven leader with expertise in running and scaling transformation companies. With its focus on breakthroughs and innovation, it enjoys high respect inside and out of the company and has proven itself to be a customer and employee focused leader committed to creating value for both our customers and shareholders. I am sure it will be a smooth transition and Paul Hennessy as CEO, leverage the potential of Shutterstock’s diversified offering. I speak on behalf of the entire Board of Directors when I say that we are looking forward to working closely with him as he leads the company to the next phase. “

For the past seven years I have been fortunate enough to sit in the front row to witness Shutterstock’s breakthroughs and innovations – from industry-leading proprietary technology to best-in-class workflow apps – and I feel honored to be the next CEO. ” commented Paul Hennessy. I believe the opportunities to come are endless and I am committed to our strategy of building a full-service creative platform that delivers a unique large-scale experience for our clients. I strongly believe in the people of Shutterstock and look forward to creating a vision, making the right investments, and creating a culture that motivates and inspires both shareholders and customers. Together with our talented management team, Jon Oringer and our Board of Directors, I am confident that we will successfully bring Shutterstock into a new era. ”

Prior to joining Shutterstock as CEO, 57-year-old Paul Hennessy was CEO and a member of the board of directors by Vroom, Inc. online dealer for used vehicles. There, he led Vroom Inc.’s IPO, strategic acquisitions, and built Vroom into one of the 10 largest car dealerships in the world USA with a turnover of over USD 3 billion in 2021. Previously, as CEO, Hennessy successfully developed and led development strategies for priceline.com, a provider of online travel and booking services and search services.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that are not historical or current facts are forward-looking statements. Examples of forward-looking statements include, but are not limited to statements regarding forecasts, industry prospects, future business, future performance or financial position, future dividends, our ability to make acquisitions and integrate businesses that we have acquired or may be transferred to our existing, new or proposed operations Features, products or services, management strategies , our competitive position and the COVID-19 pandemic. Forward-looking statements can be identified by words such as may, will, should, could, expect, strive, anticipate, believe, evaluate, intend, plan, anticipate, intend, attempt “, potential,” and other similar expressions as well as the negatives of these expressions. However, not all forward-looking statements contain these words. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed in the “Risk Factors” section of our most recent annual report on Form 10-K and other documents that the Company periodically files with the Securities and Exchange Commission. , uncertainties and factors could cause Shutterstock’s actual results to differ materially from any future results, results or achievements discussed or implied by any forward-looking statements contained herein. The forward-looking statements in this press release are effective only as of the date on which Shutterstock makes no commitment to update the information in this press release or to revise any forward-looking statements, whether as a result of new information, future events or otherwise. except as required by law.

About Shutterstock, Inc.

Shutterstock, Inc. (NYSE: SSTK) is a leading global creative platform for transformative brands and media companies. Shutterstock’s extensive collection includes high-quality, licensed photos, vectors, illustrations, 3D models, videos and music, directly and through its affiliates. Working with a growing community of over 2 million contributors, Shutterstock adds hundreds of thousands of images each week, and currently has over 405 million images and over 25 million video clips available.

Shutterstock is based in New York, has offices around the world and clients in more than 150 countries. The company also owns Pond5, the world’s largest video market, TurboSquid, the world’s largest 3D content market, PicMonkey, the world’s leading graphic design and imaging platform; Offset, a collection of high-end images; Shutterstock Studios, a one-stop creative store; PremiumBeat, curated, free music library; Shutterstock Editorial, the world’s leading image and video source for the media; Amper Music, a music platform based on artificial intelligence; andBigstock, value driven stock exchange media offering.

For more information, visit www.shutterstock.com and follow Shutterstock Twitter and on Facebook.

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