Depop Ceo Position Made Permanent
Peter Semple has officially taken the helm at Depop, the online fashion reseller, as the company's permanent CEO, effective from this Friday. Semple, who joined Depop in 2019, was previously the interim CEO and the Chief Marketing Officer at the company.
Depop's parent company, Etsy Inc., announced Semple's appointment in a company release sent to Retail Dive. His leadership is viewed as pivotal to accelerating Depop's mission to make fashion circular and enhance sustainability in the resale fashion market.
Semple brings a deep understanding of Depop's brand culture, community, and position within the circular fashion movement. Etsy CEO Josh Silverman praised Semple's ability to inspire teams and his strong vision for the future, reflecting confidence in his leadership.
Under Semple’s interim leadership, Depop has introduced AI-powered photo editing via a partnership with Photoroom. This initiative aims to help sellers create higher-quality, faster listings, demonstrating the company’s focus on leveraging technology to improve user experience and sales.
Meanwhile, Etsy is undergoing strategic leadership shifts. Kruti Patel Goyal, the former CEO of Depop, moved to become Etsy’s President and Chief Growth Officer earlier in 2025. Etsy is positioning Depop strategically within its portfolio to capitalize on the growing circular fashion sector and resale market.
Etsy's Q1 report showed strong top-line growth, particularly in the U.S., for Depop. However, Etsy reported a net loss of $52 million for Q1, a significant change from a net income of $63 million in the year-ago period. The change in Etsy's net income is largely due to the sale of its Reverb Holdings division.
Depop's gross merchandise sales for Q1 were the highest they have been since the business was acquired in 2021. Etsy reported a Q1 revenue of $651.2 million, a 0.8% increase year over year.
Brad Minor has taken over the duties previously held by Raina Moskowitz, who departed as Etsy's Chief Operating and Marketing Officer. These changes coincide with strategic leadership shifts at Etsy designed to strengthen growth and sustainability initiatives across their platforms.
With Semple at the helm, Depop under his leadership aims to advance its community-driven, circular fashion mission, integrate technology to empower sellers, and leverage Etsy’s backing to drive further growth and cultural relevance in resale fashion.
- Peter Semple's deep understanding of Depop's brand culture, community, and position within the circular fashion movement could potentially help accelerate the company's mission to make fashion circular and enhance sustainability in the resale fashion market.
- Semple's ability to inspire teams, shown during his interim leadership at Depop, aligns with Etsy's vision of positioning Depop strategically within its portfolio to capitalize on the growing circular fashion sector and resale market.
- As part of Semple's leadership, Depop has introduced AI-powered photo editing via a partnership with Photoroom, demonstrating the company’s focus on leveraging technology to improve user experience and sales.
- The merger of Depop and Etsy, with Semple as Depop's CEO and Kruti Patel Goyal as Etsy’s President and Chief Growth Officer, could potentially lead to a culture of technology integration, business growth, and sustainability across these platforms.
