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