Etsy Announces Leadership Transition

Etsy, Inc. announced a leadership transition effective January 1, 2026. Kruti Patel Goyal, currently President and Chief Growth Officer, will become the new Chief Executive Officer and join the Board of Directors. Josh Silverman, the current CEO, will step down on December 31, 2025, and transition to the role of Executive Chair through December 31, 2026. Patel Goyal's appointment includes a base salary of $700,000, eligibility for the Management Cash Incentive Plan, and a promotion equity award valued at approximately $16,000,000. Silverman will receive a base salary of $420,000 during his tenure as Executive Chair and is eligible for a performance-based restricted stock unit award valued at $8,000,000. The transition aims to ensure continuity and leverage Patel Goyal's extensive experience in driving Etsy's growth.