Overview
- Goyal will assume the CEO role on January 1, 2026, and join the board as Silverman transitions to executive chairman at year-end.
- Etsy said Silverman will remain executive chair through the end of 2026 to support the handover.
- Third-quarter results topped Wall Street forecasts on revenue and earnings, but gross merchandise sales declined from a year earlier and missed expectations.
- Shares fell more than 9% in premarket trading following the earnings release and leadership announcement.
- Goyal is currently Etsy’s president and chief growth officer and previously led Depop, as the company faces slower post-pandemic growth, tougher competition, and seller pressures from recent U.S. tariff changes.