Etsy CEO Josh Silverman Steps Down, Depop’s Kruti Goyal to Succeed

NEW YORK CITY, NY — Etsy announced on Wednesday that CEO Josh Silverman will step down at the end of the year to become executive chairman. Kruti Patel Goyal, currently CEO of Etsy-owned Depop, will take over as Etsy’s new CEO starting January 1, 2026.

Under Silverman’s leadership, Etsy experienced significant growth, especially during the Covid-19 pandemic when demand surged for items like face masks. He has led the company for eight years, navigating various challenges to establish a strong brand identity.

However, recent reports indicate that Etsy has struggled to maintain its growth momentum since the pandemic-era boom. The company is facing increasing competition from major players, including Amazon and eBay, as well as emerging platforms like Temu, Shein, and TikTok Shop.

After the announcement, Etsy’s shares dropped more than 9% in premarket trading, reflecting investor concern over the transition in leadership. While the company continues to adapt to the changing e-commerce landscape, the upcoming leadership change raises questions about its strategy moving forward.

This is a developing story, and updates will be provided as more information becomes available.