Etsy CFO Lanny Baker to Exit by March 2027; Search Underway
ETSY has more than doubled off its 52-week low of $44.
Summary
CFO Lanny Baker will leave Etsy effective March 1, 2027, with plans to stay on as an advisor through July 1, 2027 to smooth the handoff. The company has hired an executive recruiting firm and expects the next CFO to be based in New York. The timing is awkward: it lands the same morning Etsy posted accelerating Q3 growth (GMS +8.8%, revenue +10.9%, 30.4% adjusted EBITDA margin), with continuing operations GMS of $2.65B, revenue of $692.5M, adjusted EBITDA of $210.4M and basic EPS from continuing operations attributable to common stockholders of $1.25, so the finance chief who oversaw that reacceleration is walking out the door. Baker, who joined in early 2025, framed the exit as pursuing outside opportunities, and CEO Kruti Patel Goyal praised his contributions. A CFO vacancy at a company trading near its 52-week high introduces execution and guidance continuity risk until a successor is named.
At the time of this announcement, ETSY was trading at $90.50 on NYSE in the Trade & Services sector, with a market capitalization of approximately $8B. The 52-week trading range was $44.00 to $91.12. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: PR Newswire.