This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements relating to our financial guidance for the third quarter of 2023 and underlying assumptions; our short- and long-term growth potential and ability to reignite growth and gain market share in our top categories; our product development and marketing initiatives and their ability to improve customer experiences and engagement, increase customer spend, and enhance our brand perception and awareness; our ability to attract, engage, retain, reactivate, and grow buyers and sellers; our investment approach, its positive impact on our growth and profitability, and our ability to make the Etsy marketplace more organized, curated, and reliable; the future of search on our marketplaces; our ability to navigate the global macroeconomic uncertainty and volatility; and the expected timing and impact of the proposed sale of Elo7. Forward-looking statements include all statements that are not historical facts. In some cases, forward-looking statements can be identified by terms such as “anticipate,” “believe,” “could,” “enable,” “estimate,” “expect,” “goal,” “intend,” “may,” “outlook,” “plan,” “potential,” “target,” “will,” or similar expressions and derivative forms and/or the negatives of those words. 

Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. These risks and uncertainties include: (1) the level of demand for our services or products sold in our marketplaces, (2) the importance to our success of the trustworthiness of our marketplaces and our ability to attract and retain active and engaged communities of buyers and sellers; (3) the fluctuation of our quarterly operating results; (4) our failure to meet our publicly announced guidance or other expectations; (5) if we or our third-party providers are unable to protect against technology vulnerabilities, service interruptions, security breaches, or other cyber incidents; (6) our dependence on continued and unimpeded access to third-party services, platforms, and infrastructure; (7) macroeconomic events that are outside of our control; (8) operational and compliance risks related to our payments systems; (9) our ability to recruit and retain employees; (10) our ability to compete effectively; (11) our ability to enhance our current offerings and develop new offerings to respond to the changing needs of sellers and buyers; (12) our ability to demonstrate progress against our environmental, social, and governance Impact strategy; (13) our efforts to expand internationally; (14) the closing of the sale of Elo7; (15) acquisitions that may prove unsuccessful or divert management attention; (16) regulation in the area of privacy and protection of user data; and (17) litigation and regulatory matters, including intellectual property claims. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission, including in the section entitled “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, and subsequent reports that we file with the Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. 

Forward-looking statements represent our beliefs and assumptions only as of the date hereof. We disclaim any obligation to update forward-looking statements.

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Etsy Announces the Appointment of Marla Blow to its Board of Directors

November 02, 2021

BROOKLYN, N.Y., Nov. 2, 2021 /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 Marla Blow to the company's Board, effective November 30, 2021. She will also join the Board's Audit Committee. With this appointment, the size of Etsy's Board increases to nine members.

Marla currently serves as the President and Chief Operating Officer of the Skoll Foundation, which invests in and supports social entrepreneurs. She was formerly the Senior Vice President for Social Impact in North America at the Mastercard Center for Inclusive Growth, and before that she was Founder and CEO of FS Card Inc., a subprime credit card venture. Earlier in her career Marla served as Assistant Director, Card and Payments Markets Group at the Consumer Financial Protection Bureau. 

Josh Silverman, Etsy's Chief Executive Officer, commented, "I am thrilled to have Marla join Etsy's Board of Directors. Marla brings a deep and broad range of relevant experience to Etsy, including payments and financial services, regulation, and supporting small businesses. She's a passionate advocate for creative entrepreneurship as a pathway to economic empowerment, and I have no doubt her expertise and guidance will help Etsy advance our mission of keeping commerce human."

Marla Blow commented, "I have long believed that the companies of tomorrow are those that are able to drive sustained growth while advancing pressing social issues, and Etsy serves as a model for building economic inclusion. I look forward to working with Josh and the rest of the Etsy team as they nurture their communities, execute on their strategy, and provide a truly differentiated ecommerce experience."

About Marla Blow

Marla Blow is the President and COO of the Skoll Foundation where she leads Skoll's program work, grants, investments, and financial management, including operations, endowment, and portfolio partnerships. Previously, she was Senior Vice President for Social Impact in North America at the Mastercard Center for Inclusive Growth, and before Mastercard, she founded and was CEO of FS Card Inc., a subprime credit card venture. Earlier in her career Marla served as Assistant Director, Card and Payments Markets Group at the Consumer Financial Protection Bureau.

Prior to joining the Consumer Financial Protection Bureau, Marla spent seven years at Capital One, serving in a variety of functions in the credit card business.

Marla sits on the Board of Directors of Square Financial Services, an independent subsidiary of Square, Inc. Marla previously served on the Board of Directors of Care.com (NYSE: CRCM, sold to IAC/INTERACTIVECORP), and on the Board of Directors of Factor Trust (sold to TransUnion). Marla holds an MBA from Stanford University and an undergraduate degree from the Wharton School at the University of Pennsylvania.

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 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, musical instrument marketplace Reverb, and Brazil-based handmade goods marketplace Elo7. 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 and Gabe Ratcliff, Director of Investor Relations


Media Relations Contact:

Kelly Clausen, Senior Director, Corporate Communications and Partnerships


Cision View original content:https://www.prnewswire.com/news-releases/etsy-announces-the-appointment-of-marla-blow-to-its-board-of-directors-301413419.html

SOURCE Etsy, Inc.

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