Etsy Inc. has a new chief financial officer.
Rachel Glaser will take over the position on June 1, replacing Kristina Salen. Glaser spent nearly 20 years with the Walt Disney Co. earlier in her career before joining Yahoo Inc. Glaser will join Etsy from consumer media and marketplace company Leaf Group Ltd., where she is the CFO.
“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,” Etsy CEO Chad Dickerson said.
Salen in November announced she would be leaving Etsy, No. 22 in the just-released Internet Retailer 2017 Top 1000, in March. She was Etsy’s first CFO and has not said what her next position will be.
In other news in e-commerce:
- Beauty products conglomerate Coty Inc. hired veteran e-commerce executive Sean Foster as its new senior vice president of global e-commerce. Foster was most recently CEO of marketing technology provider Crowdtap. He also served as Avon Products Inc.’s (No. 71 in the Top 1000) president of online and Gilt Groupe’s (parent company Hudson’s Bay Co. is No. 81) chief marketing officer.
- Logistics and e-commerce services vendor Newgistics Inc. has named Stuart Spiegel as chief marketing officer. Spiegel’s work history includes marketing and merchandising roles at Converse, QVC (No. 14), TV commerce and marketing service Delivery Agent, and hair styling product brand ghd. For the past three years, Spiegel consulted with retailers and brands on their digital strategies. At Newgistics, Spiegel will lead marketing and product development initiatives.
- Jo-Ann Fabric and Craft Stores (No. 308) acquired Creativebug, an online site established in 2012 that provides video-based instruction and classes on craft projects by subscription. Terms were not disclosed. “We strive to be an all-encompassing resource for customers who are passionate about sewing and crafting, offering a vast product selection as well as the instruction and support needed to complete any project,” says Jill Soltau, president and CEO, Jo-Ann Stores. “Acquiring Creativebug was therefore a natural fit for the company, helping to expand the on-trend inspirational and educational content we can offer our customers.”
- Ticket e-retailer Fandango Media LLC launched an e-commerce site, FandangoFanShop.com, April 7 where shoppers can purchase movie merchandise, such as apparel, collectibles and tchotchkes. The retailer chose the products it sells based on a survey 1,500 shoppers on the types of movie merchandise they would like.