Etsy Appoints New CEO
Etsy has named Kruti Patel Goyal as its new CEO, replacing Josh Silverman who will step down by the end of the year.
Kruti Patel Goyal, formerly the head of Depop, will take on the role after serving as Etsy's president and chief growth officer for about seven months.
Josh Silverman, who led the company for eight years, will become its executive chairman.
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.
Author's summary: Kruti Patel Goyal replaces Josh Silverman as Etsy CEO.
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