BROOKLYN, N.Y., Feb. 1, 2024
/PRNewswire/ -- Etsy, Inc. (Nasdaq: ETSY), which operates two-sided
online marketplaces that connect millions of passionate and
creative buyers and sellers around the world, today announced that
its Board of Directors has appointed Marc
Steinberg, Partner at Elliott Investment Management, L.P.
(together with its affiliates, "Elliott") to the company's Board,
effective February 5, 2024. He will
also join the Board's Audit Committee.
"We are excited to welcome Marc to the Etsy Board," said
Josh Silverman, Chief Executive
Officer, Etsy. "Marc brings unique and valuable experience as an
investor and board member in the technology, digital media, and
e-commerce industries. We've gotten to know Marc, and appreciate
his passion for Etsy's mission and excitement about the future
growth opportunities for all of our stakeholders."
"Etsy has a highly differentiated position in the e-commerce
landscape and a uniquely attractive business model, supported by a
distinctive and engaged community," said Marc Steinberg. "We became a sizable investor in
Etsy and I am joining its board because I believe there is an
opportunity for significant value creation. I am looking forward to
working with the Board and supporting Josh and the team as they
execute on initiatives to improve the customer experience,
accelerate top- and bottom-line growth, and drive long-term
value."
Chairman of the Board Fred Wilson said, "Marc's appointment
reflects our ongoing commitment to enhance the perspectives and
expertise on the Etsy Board. We look forward to benefiting from his
voice in the boardroom as a seasoned and experienced investor as we
continue our journey of creating a leading global e-commerce
platform."
At Elliott, Marc Steinberg is
responsible for public and private equity investments across a
range of industries, including the technology, media, and
telecommunications sectors. He currently serves on the boards of
directors of Pinterest, Inc. as well as three private companies:
Nielsen Holdings, plc, a global leader in audience insights, data,
and analytics; Syneos Health, a fully integrated biopharmaceutical
solutions organization; and Cubic, a technology-driven provider of
solutions for public transit and defense applications. Previously,
Mr. Steinberg served as a director of Athenahealth, Inc., a private
provider of network-enabled services focused on the healthcare
sector. Prior to joining Elliott in 2015, Mr. Steinberg worked at
investment bank Centerview Partners. Mr. Steinberg received his
A.B. from Harvard College, from
which he graduated magna cum laude and Phi Beta Kappa.
Etsy's Board of Directors has an ongoing commitment to director
refreshment. Since 2018, Etsy has added three new directors:
Marla Blow; Andrew Ballard; and Gary
Briggs. Mr. Steinberg's appointment increases the size of
Etsy's Board to ten members, including nine independent
directors.
About Etsy
Etsy, Inc. operates two-sided online marketplaces that connect
millions of passionate and creative buyers and sellers around the
world. These marketplaces share a mission to "Keep Commerce Human,"
and we're committed to using the power of business and technology
to strengthen communities and empower people. Our primary
marketplace, Etsy.com, is the global destination for unique and
creative goods. Buyers come to Etsy to be inspired and delighted by
items that are crafted and curated by creative entrepreneurs. For
sellers, we offer a range of tools and services that address key
business needs.
Etsy, Inc.'s "House of Brands" portfolio also includes fashion
resale marketplace Depop and musical instrument marketplace Reverb.
Each Etsy, Inc. marketplace operates independently, while
benefiting from shared expertise in product, marketing, technology,
and customer support.
Etsy was founded in 2005 and is headquartered in Brooklyn, New York.
Etsy has used, and intends to continue using, its Investor
Relations website and the Etsy News Blog (blog.etsy.com/news) to
disclose material non-public information and to comply with its
disclosure obligations under Regulation FD. Accordingly, you should
monitor our investor relations website and the Etsy News Blog in
addition to following our press releases, SEC filings, and public
conference calls and webcasts.
Investor Relations Contact:
Deb Wasser, Vice President, Investor
Relations & ESG Engagement
ir@etsy.com
Media Relations Contact:
Sarah Marx, Director, Corporate
Communications
press@etsy.com
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SOURCE Etsy, Inc.