Etsy Names New CEO
Kruti Patel Goyal is replacing Etsy's long-time CEO, Josh Silverman, who is stepping down by the end of the year.
Online marketplace Etsy announced that Silverman, who headed the marketplace for eight years, will become its executive chairman.
Goyal, Etsy’s president and chief growth officer, will become the company’s next CEO. She worked at Etsy for more than 10 years until she was named the CEO of social-commerce platform Depop, which Etsy bought four years ago.
Etsy has faced challenges in growing its business, with the number of active buyers falling 5% to 86.6 million from a year earlier in its third quarter ended September 30.
Etsy may be looking to Goyal’s experience leading Depop to help revive growth.
Author's summary: Kruti Patel Goyal is Etsy's new CEO.
- Kruti Patel Goyal: new CEO of Etsy
- Josh Silverman: stepping down as CEO, becoming executive chairman
- Etsy: faced challenges in growing its business
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