Home Services Stock On The Move: Etsy Inc (NASDAQ:ETSY)

Stock On The Move: Etsy Inc (NASDAQ:ETSY)

1
0
SHARE
WellCare Health Plans, NYSE:WCG,WCG

On Tuesday, Shares of Etsy Inc (NASDAQ:ETSY), added 1.13% and now trading at $10.75 in the current trading session. The current trading range of the stock ranges between $10.49 and $10.75.

Etsy, Inc. (NASDAQ: ETSY), which builds markets, services and economic opportunity for creative entrepreneurs, recently declared the appointment of Rachel Glaser as Chief Financial Officer. Rachel, who will start on or about June 1, 2017, will report to Etsy, Inc. CEO and Chair, Chad Dickerson, and will join the executive team.

Rachel brings more than 30 years of senior financial experience to Etsy and will oversee our global financial operations. She joins us from Leaf Group, where as CFO she assisted scale their global marketplace and consumer media businesses.

“I am excited to welcome Rachel to the Etsy team and am confident that she has the right expertise to execute and evolve our financial operations strategy to support Etsy’s global growth programs and continue enhancing our communications with the street,” said Chad. “Rachel has a long track record of success as a senior finance executive and has gained broad experience across various consumer-facing, publicly-traded companies. She has also assisted scale marketplaces that empower artisans around the world. Rachel not only possesses the right skills to take Etsy’s financial operations to the next level, but she also brings a passion for furthering the Etsy mission and nurturing our vibrant community. I look forward to Rachel’s contributions as we continue to execute on our strategy that we believe will deliver long-term value to all of our stakeholders.”

Rachel commented, “I’ve long admired Etsy’s strong business model and focus on connecting millions of people around the world through commerce. Etsy has a powerful mission, a clear focus on empowering creative entrepreneurs, and a talented team, all of which provide a strong foundation for continued growth and increasing shareholder returns. I’m excited to join Etsy at this point in the company’s history and look forward to assisting it expand its markets and services platforms, and build key relationships with the shareholder community.”

Rachel joins Etsy from Leaf Group, where she has served as CFO since 2015. While at Leaf Group, which owns and operates consumer media and marketplaces, Rachel led efforts that improved operating efficiency, created a strong foundation to support the company through a noteworthyperiod of transformation, and facilitated the company to invest in its businesses for growth. Before that, she was CFO at Move, Inc, parent company of Realtor.com, which was attained by News Corp in November 2014 and nearly quadrupled in value during her tenure.  Before this role she served as Chief Operating and Financial Officer at MyLife.com. Rachel also formerly held the role of Senior Vice President, Operations Finance at Yahoo! and began her career at The Walt Disney Company, where she spent nearly 20 years in escalating roles of responsibility on the finance, operations, and technology teams.

Rachel succeeds Kristina Salen, whose March 31, 2017 departure was declared on November 1, 2016. Karen Mullane, Etsy’s Vice President, Corporate Controller, will serve as interim CFO until Rachel officially starts.

Analyst recommendation for this stock stands at 2.50.