December 3, 2015 – Shutterfly has selected Spencer Stuart to lead its search for a new chief executive officer. Current president and CEO Jeffrey Housenbold said he will step down in February after more than a decade in the company’s top post to pursue other interests.
“Over the next few months, I am committed to helping ensure a smooth transition, assisting the board in finding my successor, and leading the company through our important fourth quarter,” said Mr. Housenbold.
Founded in 1999, Shutterfly is an Internet-based image publishing service based in Redwood City. Its flagship product is its photo book line. The company currently has 2,000 full-time employees and more than $1 billion dollars in annual revenue.
Spencer Stuart’s technology, media & telecommunications search practice has helped build leadership teams and boards at a number of world class companies. It has conducted more than 4,100 senior-level executive and board assignments worldwide in the technology, media and telecom sectors over the past five years.
Spencer Stuart has recently handled a number of high-profile CEO searches for tech companies. The firm placed Jack Dorsey in the top post at Twitter, Léo Apotheker at Hewlett-Packard, and assisted in the promotion of Brian Krzanich to CEO at Intel. The firm is currently heading the CEO search for Numerex Corporation.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media