Kruti Patel Goyal Takes Over as Etsy CEO in Major Leadership Shift

PositionPhobia · 2026-02-06T11:03:06+00:00

Etsy's President Kruti Patel Goyal will become CEO on January 1, 2026, succeeding Josh Silverman, who will remain as Executive Chair. Market reaction saw a dip in shares, reflecting mixed investor sentiment about the leadership change.

PositionPhobia

2026-02-06 11:03:06

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Etsy announced a significant executive transition, with Kruti Patel Goyal, the company’s current President and Chief Growth Officer, set to assume the role of Chief Executive Officer effective January 1, 2026. The move marks a generational leadership change at the ecommerce platform, as departing CEO Josh Silverman concludes his tenure on December 31, 2025.

Leadership Transition and Executive Background

Kruti Patel Goyal brings extensive leadership experience to the top position. She has served Etsy in various senior management roles over more than a decade, with recent responsibilities overseeing corporate expansion strategy as Chief Growth Officer. Prior to this appointment, she led Depop, an Etsy subsidiary specializing in secondhand fashion resale, beginning in September 2022. Her track record in scaling emerging business units positions her as an internal successor for driving the company’s next growth phase.

To ensure a seamless leadership handoff, Josh Silverman will retain the position of Executive Chair through December 31, 2026, remaining actively involved in strategic guidance during the transition period. Meanwhile, Fred Wilson, who has chaired Etsy’s Board of Directors since 2017, will step back from his chairman role but continues as a board member, signaling continuity in governance structure.

Market Response and Trading Activity

The announcement drew mixed reaction from the investment community. In early trading on the New York Stock Exchange, ETSY shares declined to $68.49, reflecting a loss of approximately 8.41% from the prior close. The stock movement suggests investor concerns about the leadership transition, though analysts note that Kruti Patel Goyal’s internal promotion and deep operational knowledge may provide reassurance to long-term shareholders regarding the company’s strategic direction.

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