Etsy Names Chief Growth Officer as Next CEO

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Transcript

00:00There's the earnings story, Caro, and then there's the change of the top.

00:04And you spoke with the company about that CEO change. Tell me more.

00:09Yeah, and it's actually a trusted veteran of Etsy that's coming to the fore,

00:13who's been at the business since 2011 and ran Depop, a company that they bought a few years ago.

00:19And we're talking really here about Kruti Patel Goyal being brought up from Chief Growth Officer

00:24to be CEO as of January 1st. Josh Silverman, I chatted to him yesterday.

00:28And really, here's a man who's been at the helm for eight years.

00:31He's steered this company through the lockdown crisis, through supply chain crises.

00:35And now he's positioning this business for artificial intelligence.

00:38Remember, they did the deal with OpenAI already.

00:40And he thinks Etsy is uniquely positioned to win in AI.

00:43But he really thinks that more clearly, Kruti Patel Goyal is the person to steer it,

00:48with her really having done every single job, he says, over at Etsy, apart from head of engineering.

00:53And he really thinks the amount of artificial intelligence and personalization she brought to Depop

00:58is going to be the winning formula.

01:00It feels as though there's some nervousness out there from the investor community right now,

01:03whether it's about the CEO or whether about, of course,

01:06maybe about the forward-looking guidance from some of its earnings.