Oringer, who previously led the company until 2020 and maintained his position as chairman, takes over following the departure of Paul Hennessy in July. The transition brings Hichame Assi, formerly of Envato, into the fold as president and chief operating officer. The firm’s interim leader, CFO Rik Powell, oversaw the company during the months following Hennessy’s exit.

The leadership shift coincides with a period of turbulence for the stock, which saw a modest 3.7% bump to $4.50 in after-hours trading despite a bleak annual performance. Beyond the executive moves, the company remains in a state of flux after the collapse of a potential merger with Getty Images earlier this year. Shutterstock continues to integrate its 2023 acquisition of GIPHY while repositioning its core offerings in photography, video, and AI-generated content.