Etsy to begin search for new CFO
Online marketplace Etsy, Inc. has announced that its CFO will soon retire.
Rachel Glaser plans to retire after a nearly 40-year career in finance, and will step down from her role at Etsy after a successor is named. She will remain with Etsy in an advisory capacity through June 30, 2025 to support continuity and a smooth transition.
Glaser joined Etsy in 2017, leading the company’s strategic finance, corporate development, accounting, SEC reporting, investor relations and other core functions.
"Rachel has been a strategic partner and a key to the tremendous success we have achieved since 2017,” said Etsy, Inc. CEO Josh Silverman. “I believe every CFO wants to get measured on results, and Rachel has so much to be proud of in that regard. Beyond the numbers, Rachel leads with optimism and heart, helping craft our culture and our team's operational excellence. She has built a strong team, and I am grateful she chose Etsy to serve as the culmination of her impressive career.
During her tenure, Etsy says its consolidated gross merchandise sales (GMS) and revenue have increased by fourfold and sixfold, respectively, with adjusted EBITDA margins expanding at an even faster pace, and the marketplace has generated over $3 billion of net cash provided by operating activities. From 2017 to 2023, Etsy’s number of global sellers increased from 2 million to 9 million, and the number of buyers increased from 33 million to 96 million.
[READ MORE: Etsy focuses on creativity of sellers with new standards, campaign]
Prior to joining Etsy, Glaser’s career included stints at Move, Inc., Yahoo and Walt Disney Consumer Products.
"I could not be prouder to be part of everything the Etsy team has accomplished over the past seven years,” said Glaser. “I am excited to help identify and transition my responsibilities to a successor. I'm confident Etsy can continue its ambitious strategy for sustainable, profitable growth, and advance its mission of keeping commerce human."
