Etsy Names New CEO
Kruti Patel Goyal will replace Josh Silverman as Etsy's CEO by the end of the year.
Silverman, who has led the company for eight years, will become executive chairman.
- Goyal previously worked at Etsy for over 10 years.
- She was the CEO of Depop, a social-commerce platform acquired by Etsy four years ago.
- Goyal has been Etsy's president and chief growth officer for about seven months.
Etsy has faced challenges in growing its business and may be looking to Goyal’s experience leading Depop to help revive growth.
In the third quarter, the number of active buyers on Etsy fell 5% to 86.6 million from a year earlier.
Author's summary: Kruti Patel Goyal is Etsy's new CEO.