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Etsy

Etsy is replacing CEO Chad Dickerson with board member Josh Silverman starting on May 3, the company said on Tuesday during its quarterly earnings. Dickerson is also losing his role as chairman of Etsy's board, and will be replaced by venture capitalist Fred Wilson, who joined the company's board in 2007.

"The Board decided that it was time for new leadership to take Etsy forward and I support that decision," Dickerson said in a statement. "I have the greatest degree of confidence in the long-term growth opportunities for Etsy under Josh's leadership," he added. Dickerson became Etsy's CEO in 2011 after three year's at its CTO.

The new boss: A former American Express exec, Silverman was previously CEO of Skype, CEO of shopping.com, a co-founder and CEO of Evite, and he currently serves on the board of Shake Shack. He joined Etsy's board six months ago.

Following the news, Etsy's share price dipped about 14% in after-hours trading to about $9.80.

Go deeper

Pelosi condemns GOP lawmakers for downplaying Jan. 6 Capitol attack

House Speaker Nancy Pelosi (D-Calif.) on Thursday tore into Republican members of Congress who downplayed the deadly Jan. 6 Capitol riot during a House hearing on Wednesday, telling reporters: "I don't know [of] a normal day around here when people are threatening to hang the vice president."

Why it matters: House lawmakers are currently in negotiations over forming a bipartisan Jan. 6 commission to examine the attack and the events that led up to it.

Trial for ex-officers charged with abetting Floyd murder delayed until 2022

The memorial in George Floyd Square in Minneapolis, Minnesota on April 21. Photo: Yasin Ozturk/Anadolu Agency via Getty Images

The trial for three former Minneapolis police officers charged by state prosecutors with aiding and abetting the murder of George Floyd has been moved to March 7, 2022, AP reports.

Why it matters: Hennepin County Judge Peter Cahill said he wanted to move the date from Aug. 23 to accommodate a new federal case against the officers and Derek Chauvin, who has already been convicted on state charges for Floyd's murder.

Ben Geman, author of Generate
3 hours ago - Energy & Environment

Colonial pipeline hack: Key takeaways from Biden's first energy crisis

Illustration: Shoshana Gordon/Axios

Restoration of the Colonial Pipeline, the huge East Coast gasoline artery, is the beginning of the end of a crisis that prompted a White House logistical and political scramble.

Catch up fast: Late Wednesday afternoon, Colonial began a restart of the 5,500-mile line that shut down nearly a week ago after a ransomware attack.

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