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 over as the company's new CEO.
Goyal, who is currently Etsy's president and chief growth officer, has over 10 years of experience working at Etsy and previously led social-commerce platform Depop.
- Silverman will become executive chairman after stepping down as CEO.
- Goyal's experience leading Depop may help revive growth for Etsy, which has faced challenges in growing its business.
Etsy's active buyers fell 5% to 86.6 million in the third quarter ended September 30, compared to the previous year.@author's summary: Kruti Patel Goyal is Etsy's new CEO.