May 2 Etsy Inc, an e-commerce site for
handmade goods, said on Tuesday that Chairman and Chief
Executive Chad Dickerson would step down, to be succeeded as CEO
by board member Josh Silverman later this week.
The marketplace also reported a first-quarter loss of
$421,000 after earning $1.2 million a year ago. One of its
shareholders, Black-and-White Capital LP, earlier on Tuesday
called on Etsy to explore a sale and separate the roles of
chairman and CEO.
Fred Wilson, a director on Etsy's board since 2007, will
take over the chairmanship, the company said.
(Reporting By Jeffrey Dastin in San Francisco; Editing by Dan