July 13 (Reuters) - Shutterstock ( SSTK ) 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 ( SSTK ) planned $3.7 billion merger
with rival Getty Images ( GETY ) collapsed after the UK
competition regulator required it to sell its editorial business
to secure approval.
* Shutterstock's ( SSTK ) 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 ( SSTK ) in 2022, prior to which he was chief
executive of pre-owned car retailer Vroom.
* Shutterstock's ( SSTK ) board plans to engage an adviser to help
it plan the way forward.