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Industries
Company Size
501-1,000
Company Stage
Acquired
Total Funding
N/A
Headquarters
Melbourne VIC, Australia
Founded
2006
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Total Funding
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Industry Average
Funded Over
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Shutterstock founder Jon Oringer returns as CEO; hichame Assi named President and COO. Oct 29, 2026, 17:00 ET NEW YORK, Oct. 29, 2026 /PRNewswire/ - Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced that Jon Oringer, the company's founder and Chairman of the Board, has been appointed Chief Executive Officer. Hichame Assi, currently Chief Executive Officer of Envato, a division of Shutterstock, has been appointed President and Chief Operating Officer. Both appointments became effective October 28. Oringer, who founded Shutterstock in 2003 and served as CEO until 2020, will continue as Chairman of the Board. As CEO, he will focus on the Company's long-term strategy, strategic investments, and future opportunities. As President and COO, Assi will lead the Company's day-to-day business, with responsibility for strengthening operational performance, driving execution, and leading the transformation needed to position Shutterstock for sustainable growth. "Shutterstock has an incredible foundation, with a globally recognized brand and valuable strategic assets," said Jon Oringer, Chairman and CEO of Shutterstock. "AI is fundamentally reshaping the creative industry, and the pace of change is accelerating. I see tremendous opportunity to build on our strengths, evolve our business, and deliver more value to customers and contributors. Hichame brings deep experience scaling global digital businesses and a strong understanding of our industry and customers. I'm excited to partner with him as we lead Shutterstock into its next era of innovation and growth." Assi has served as CEO of Envato since 2020, prior to its acquisition by Shutterstock in 2024. Previously, he was CEO of HotelsCombined, where he helped grow the company from a startup into an international business before its acquisition by Booking Holdings. He brings extensive experience leading global teams and navigating the complexities of rapidly evolving digital markets. The Board thanks Rik Powell, who has served as Interim Chief Executive Officer since July 2026, for his leadership during the transition. Third Quarter 2026 Earnings Conference Call The Company also announced that it will not hold its previously scheduled third quarter 2026 earnings conference call on November 5, 2026, as it continues to evaluate its strategic direction and priorities. The Company intends to report its third quarter financial results in accordance with applicable reporting requirements and will provide further updates on its strategic review as appropriate. About Shutterstock Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world's largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production - delivering unparalleled resources to fuel great work.
Pepperstone appoints CTO following Australian crypto exchange launch. Wednesday, 12/08/2026 | 10:41 GMT-7 by Tareq Sikder * Nigel Fernandes brings over 20 years of experience from Xero, SEEK and Coles. * The company plans to develop more in-house technology under new CTO. Melbourne-based Pepperstone has appointed Nigel Fernandes as Chief Technology Officer, effective 1 October 2026. Fernandes will oversee the broker's global technology operations as the company increases its focus on developing and owning more of its technology. The appointment follows Pepperstone's expansion into spot crypto in Australia. The broker launched its dedicated crypto exchange in February 2026, initially offering Bitcoin, Ethereum, Solana, USDC and USDT against the Australian dollar. The launch expanded Pepperstone's business beyond its established FX and CFD operations. Fernandes will oversee technology functions supporting this broader business, including engineering, architecture, security and data. Fernandes brings over 20 years' experience. Fernandes will report to Pepperstone Group CEO Tamas Szabo and will be based at the company's global headquarters in Melbourne. Fernandes joins Pepperstone from Xero, where he is SVP and Executive General Manager of Engineering. He leads a global engineering organisation covering cloud platforms, customer identity and data. He has more than 20 years of technology leadership experience across financial services, retail, media and enterprise software. Before joining Xero, Fernandes held senior roles at Publicis Sapient, Coles Group, SEEK and Envato. Pepperstone expands technology across crypto and AI. Pepperstone said the appointment comes as it expands its technology strategy across crypto, artificial intelligence and institutional-grade infrastructure. The company also plans to broaden its fintech offering and develop more of its own technology. Fernandes said his focus would be on "investing in the technology we own" and building an AI-native engineering foundation. He said this would support faster and more reliable access to trading tools. Szabo said technology was "core to everything we do" as Pepperstone expands into a broader fintech ecosystem. He also said the company was seeking to provide access to crypto and new markets while developing a more personalised client experience. The appointment adds a dedicated technology leadership role as Pepperstone continues to expand beyond its traditional online trading business. Fernandes will take responsibility for the technology functions supporting that expansion from October. Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023. At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London. Education: Honours degree Information Technology, Anfell College, London * 2419 Articles * 43 Followers
Envato, a creative marketplace acquired by Shutterstock for $245 million in 2024, is cutting up to 200 jobs—roughly a third of its workforce. CEO Hichame Assi informed staff the restructure will include redundancies, redeployments and role changes across teams in Australia, New Zealand, Mexico and the US. The company cited AI investment as a key driver behind the cuts. Envato plans to reduce operational costs to fund further development in product, marketing and AI capabilities. This follows previous redundancies in mid-2022 when the company cut approximately 100 roles before growing back to around 600 employees. Shutterstock acquired Envato primarily for its Elements subscription service, which reached 650,000 subscribers and offers unlimited downloads of creative assets including videos, audio, graphics and templates.
Creative marketplace Envato has launched a new AI-generated music tool for creators to make custom tracks from text prompts within seconds.
Online creative marketplace Envato has launched VideoGen, a new feature that enables creative professionals to turn text or images into "hyper-realistic" and cinematic video.
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We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
501-1,000
Company Stage
Acquired
Total Funding
N/A
Headquarters
Melbourne VIC, Australia
Founded
2006
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs