Shutterstock CFO Jarrod Yahes Leaving; Rik Powell, Currently Senior Vice President Of Finance And Investor Relations, Named Next CFO
Portfolio Pulse from Benzinga Newsdesk
Shutterstock's CFO, Jarrod Yahes, is leaving the company to pursue another opportunity. Rik Powell, currently Senior Vice President of Finance and Investor Relations, will take over as CFO on November 1. Yahes will remain in an advisory role until the end of the year.
October 29, 2024 | 1:24 pm
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NEUTRAL IMPACT
Shutterstock's CFO transition may impact investor confidence in the short term. Jarrod Yahes is leaving, and Rik Powell will take over as CFO on November 1.
The departure of a CFO can lead to uncertainty among investors, but the appointment of an internal candidate like Rik Powell may mitigate concerns. Powell's previous experience and internal promotion suggest continuity, which could stabilize investor sentiment.
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