Shutterstock founder Jon Oringer is stepping down from his role as CEO
(Digital Photography Review)

Jon Oringer, founder of stock image company Shutterstock, has announced plans to step down from his current role as CEO after 16 years. Oringer won`t be leaving the company, however; he`ll transition to a new role as Executive Chairman of the Board. Stan Pavlovsky, Shutterstock`s current President and COO, will take over the role of CEO starting on April 1. Oringer announced the news in a Medium post on Thursday, explaining that Shutterstock has `reached a pivotal juncture in our growth trajectory [...] our business has grown and evolved to a point where we could all benefit from a CEO that has a different set of skills than I have.` I´m excited for my new role as Executive Chairman of Shutterstock: https://t.co/znNfYqVryw - Jon Oringer