Etsy Announces Leadership Transition: Kruti Patel Goyal to become Chief Executive Officer, Josh Silverman Transitions to Executive Chair, effective January 1, 2026

Leadership Transition - Etsy, Inc. announced a leadership transition plan where Kruti Patel Goyal will become the new CEO effective January 1, 2026, succeeding Josh Silverman who will step down on December 31, 2025 [1][2] - Josh Silverman will serve as Executive Chair until December 31, 2026, to ensure continuity during the transition [1] - Fred Wilson, the current Chair of Etsy's Board since 2017, will step down as Chairman but will remain on the Board [1] Performance and Growth - Under Josh Silverman's leadership, Etsy has seen significant growth: the number of shoppers has more than tripled, Gross Merchandise Sales (GMS) has grown fourfold, revenue has increased nearly eightfold, and the share price has appreciated by more than seven times [2] - Kruti Patel Goyal has been instrumental in leading Etsy's strategic growth initiatives over the past year, which have improved top-line performance [2] Kruti Patel Goyal's Background - Kruti Patel Goyal has extensive experience, having served as Etsy's President and Chief Growth Officer, overseeing various departments including Product, Engineering, and Marketing [3] - Prior to her role at Etsy, she was the CEO of Depop, where she nearly doubled gross merchandise sales and buyer base, making it the fastest-growing online apparel resale marketplace in the U.S. [4] - Kruti has over 10 years of experience at Etsy in various leadership roles, including Chief Product Officer and head of Marketplace Integrity and Trust & Safety [5]