Etsy Appoints 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, formerly the CEO of Depop, has been Etsy's president and chief growth officer for about seven months.
Etsy has faced challenges in growing its business, with a 5% decline in active buyers to 86.6 million in the third quarter.
Etsy may be looking to Goyal's experience leading Depop to help revive growth.
- Kruti Patel Goyal: new CEO of Etsy
- Josh Silverman: stepping down as CEO, becoming executive chairman
- Etsy's active buyers: declined 5% to 86.6 million in Q3
Author's summary: Kruti Patel Goyal is Etsy's new CEO.
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