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 replace him.
Goyal, currently Etsy's president and chief growth officer, has over 10 years of experience with the company and previously led social-commerce platform Depop.
- Silverman will become executive chairman after 8 years as CEO.
- Goyal has been in her current role for about 7 months.
- Etsy faces challenges in growing its business, with a 5% decline in active buyers to 86.6 million in the third quarter.
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.