Etsy Reports Q1 Financials, Introduces New CEO and Staff Cuts
Josh Silverman replaces Chad Dickerson as CEO. Fred Wilson will serve as board chair.
Last week Etsy, Inc. (NASDAQ: ETSY), an online marketplace and commerce platform for creative entrepreneurs, released its first quarter 2017 financials, including a $0.4 million net loss, a decrease of 135.3 percent compared to net income of $1.2 million from Q1 2016. Along with its financial report, the company also announced that Josh Silverman, who joined the Etsy board last November, would become CEO effective May 3. Silverman, who has two decades of product development, marketing and e-commerce experience, replaces Chad Dickerson who will stay on in an advisory role until May 31. Previously, Silverman served as CEO of Skype, Shopping.com, and Evite, Inc.
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