Etsy stock sinks on CEO change — Silverman stepping down, Depop chief to take over

In a significant shift for the company, Etsy's CEO, Josh Silverman, will be stepping down from his role and transitioning to the position of executive chairman by the end of the year. This announcement was made by the online marketplace on Wednesday. Taking over the reins at Etsy will be Kruti Patel Goyal, who currently serves as the CEO of Depop, the clothing resale app owned by Etsy. Goyal is set to officially assume her new role on January 1, 2026. This leadership change marks a new chapter for Etsy as it continues to navigate the evolving marketplace landscape. Stay tuned for further updates on this developing story.