- Push-out Score determined
- After about two years in the position
- Jonathan Oringer taking over temporarily
- Search for a successor
(exechange) — New York, May 3, 2022 — Stan Pavlovsky, chief executive of Shutterstock, leaves. As announced by Shutterstock Inc. in a regulatory filing published on Tuesday, May 3, 2022, Stan Pavlovsky leaves his post as chief executive officer at the provider of stock photography, stock footage, stock music, and editing tools, after about two years in the role, effective immediately.
Shutterstock will undertake a search for a successor.
Stan Pavlovsky’s duties as CEO will be taken over temporarily by Jonathan Oringer, most recently Executive Chairman at Shutterstock Inc., as interim Chief Executive Officer.
“To pursue other business opportunities”
Stan Pavlovsky’s departure from the CEO post is explained as follows. Shutterstock said: “Mr. Pavlovsky resigned to pursue other business opportunities, and his resignation is not related to any disagreement with the Company on any matter relating to the registrant’s operations, policies or practices.”
Precise information regarding Stan Pavlovsky’s future plans was not immediately available.
“Resignation”
Shutterstock said: “On April 27, 2022, Shutterstock, Inc. (the “Company”) was informed of the voluntary resignation by Stan Pavlovsky from his position as Chief Executive Officer of the Company. His resignation as Chief Executive Officer is effective on May 3, 2022. He also resigned from the Company’s board of directors (the “Board”) effective April 29, 2022.”
Share price decline since November 2021
The announcement follows a decline in Shutterstock Inc.’s share price of 36% since November 2021.
In the position of CEO since 2020
Stan Pavlovsky became CEO of the Company in 2020.
Stan Pavlovsky has served as the Company’s Chief Executive Officer and a member of the Company’s Board since April 2020.
Prior to this, Pavlovsky served as the Company’s President and Chief Operating Officer from June 2019 and the Company’s Co-Chief Operating Officer and Head of Strategic Operations from April 2019.
Prior to joining the Company, Pavlovsky served as the Executive Vice President, President of Meredith Digital at Meredith Corporation, a media and marketing company, from August 2016 through March 2019.
From March 2013 through August 2016, Pavlovsky served as President of Allrecipes.com, a Meredith company.
Prior to joining Meredith, Pavlovsky was Vice President eCommerce, Merchandising & Marketing at Walgreens Boots Alliance, Inc., a pharmacy store chain, from June 2011 through March 2013.
Pavlovsky previously spent several years at Drugstore.com, an internet retailer in health and beauty care products, which was acquired by Walgreens in 2011, serving in several capacities, including serving in his final years as Vice President, Drugstore.com.
Pavlovsky holds a B.A. from California State University, Northridge and an M.B.A. from City University of Seattle.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Stan Pavlovsky’s move on a scale of 0 to 10.
exechange reached out to Shutterstock and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 19.2022 ($).
