The Etsy NYC headquarters building is seen in New York City.
Etsy CEO Josh Silverman will step down from his position and move to the role of executive chairman at the end of the year, the online marketplace said Wednesday.
Kruti Patel Goyal, Etsy's president and chief of growth who previously oversaw its Depop resale app, will take the helm at Etsy effective Jan. 1, 2026, the company said.
Etsy shares fell more than 9% in premarket trading following the news, which was announced alongside its third-quarter earnings report. The company reported a beat on the top and bottom lines, but gross merchandise sales were down year over year and came in below Wall Street's expectations.