Etsy Names New CEO
Kruti Patel Goyal is replacing Etsy's long-time CEO, Josh Silverman, who is stepping down by the end of the year.
Online marketplace Etsy announced that Silverman, who headed the marketplace for eight years, will become its executive chairman.
Kruti Patel Goyal, Etsy’s president and chief growth officer, will become the company’s next CEO. She has over 10 years of experience at Etsy and previously worked as the CEO of Depop, a social-commerce platform acquired by Etsy four years ago.
Etsy faces challenges in growing its business, with a 5% decrease in active buyers to 86.6 million in the third quarter ended September 30.
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.
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