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 marketplace for eight years, will become executive chairman.
- Goyal previously worked at Etsy for over 10 years.
- She was 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, 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 is Etsy's new CEO.
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