Etsy Appoints New CEO
Etsy has named Kruti Patel Goyal as its new CEO, replacing Josh Silverman who will step down by the end of the year.
Silverman, who has led the marketplace for eight years, will become executive chairman. Goyal, formerly the CEO of Depop, has been Etsy's president and chief growth officer for about seven months.
Etsy faces challenges in growing its business, with a 5% decline in active buyers to 86.6 million in the third quarter. The company may be looking to Goyal's experience leading Depop to help revive growth.
Kruti Patel Goyal will become the company's next CEO, bringing her experience from Depop to the role.
- Kruti Patel Goyal: new CEO of Etsy
- Josh Silverman: stepping down as CEO, becoming executive chairman
- Active buyers on Etsy: 86.6 million, a 5% decline from the previous year
Author's summary: Kruti Patel Goyal is Etsy's new CEO.
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