Etsy Appoints Kruti Patel Goyal as CEO Amid Sales Concerns
Photo by Roman Denisenko on Unsplash
Kruti Patel Goyal will replace Josh Silverman as Etsy's CEO on January 1, having previously led Depop after Etsy's acquisition. This change accompanies a forecast of lower GMS for Q4, between $3.50 billion and $3.65 billion compared to last year's $3.74 billion, plus ongoing tariff pressures, which led to a nearly 7% drop in Etsy's shares.
Key takeaways
- Etsy has named Kruti Patel Goyal as its new Chief Executive Officer, effective January 1, succeeding Josh Silverman
- Goyal, formerly President and Chief Growth Officer at Etsy, previously led Depop following its acquisition by Etsy for $1
- This leadership transition coincides with Etsy's forecast of lower-than-anticipated gross merchandise sales (GMS) for the fourth quarter, projecting $3
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