Etsy Appoints New CEO
Etsy's long-time CEO, Josh Silverman, is stepping down by the end of the year, and Kruti Patel Goyal will take his place.
Goyal, who has been Etsy's president and chief growth officer for about seven months, previously worked at Etsy for over 10 years before becoming the CEO of Depop, a social-commerce platform acquired by Etsy four years ago.
- Silverman will become executive chairman after leading the marketplace for eight years.
- Goyal's experience leading Depop may help revive growth, as Etsy faces challenges in growing its business.
- In the third quarter, the number of active buyers on Etsy fell 5% to 86.6 million from a year earlier.
Etsy's new CEO is expected to bring new leadership and growth strategies!
Author's summary: Kruti Patel Goyal becomes Etsy's new CEO.
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