BROOKLYN, N.Y., June 9, 2016 /PRNewswire/ -- Etsy, Inc. (Nasdaq: ETSY), a marketplace where people around the world connect, both online and offline, to make, sell and buy unique goods, announced that during its annual meeting held earlier today, stockholders voted to elect both company Board nominees and to ratify the appointment of PricewaterhouseCoopers LLP as Etsy's independent registered public accounting firm for 2016.
Etsy is excited to welcome Margaret (Peggy) M. Smyth as a Class I director and member of the Audit Committee, effective immediately. Peggy, who currently serves as the U.S. Chief Financial Officer of National Grid, brings more than three decades of public company and executive leadership experience to Etsy's Board. Peggy has expertise in public-company finance, accounting, reporting, and strategic planning for global organizations.
"Peggy has an impressive track record as a leader of finance, accounting, and audit teams at global companies, and we believe her expertise and strategic perspective will complement our accomplished Board's wide range of skills and experiences," said Chad Dickerson, Etsy, Inc. CEO and Chair.
During the meeting, Class I director Jonathan Klein, who has served on Etsy's Board since 2011, was re-elected, and both he and Peggy will serve three-year terms.
Etsy also announced that Jim Breyer, Founder and CEO of Breyer Capital, has stepped down from Etsy's Board, effective today. One of Etsy's earliest investors, Jim served as a Director since 2008 and was a member of the Nominating and Corporate Governance Committee. During his eight years of service, Jim supported Etsy's growth, provided guidance throughout the IPO process, and served as a trusted advisor to Etsy's leadership team.
"We can't thank Jim enough for his tremendous contributions to Etsy over the past eight years," continued Chad. "As an early supporter of Etsy's unique vision and operating philosophy, Jim has played an instrumental role in our growth and expansion. We are grateful for his service and look forward to his ongoing support as a member of our community."
About Peggy Smyth
Peggy has served as the U.S. Chief Financial Officer of National Grid since October 2014. Previously, Peggy served as Vice President of Finance at Con Edison, Vice President and CFO at Hamilton Sundstrand, and Vice President and Corporate Controller for United Technologies Corp. Earlier in her career, Peggy served as the Vice President and Chief Accounting Officer of 3M and in senior leadership roles at Deloitte & Touche and at Arthur Andersen. In addition, Peggy has served on the Board of Directors of Martha Stewart Living Omnimedia and Vonage Holdings Corporation.
For more information on Peggy's election to the Board, please read the post on the Etsy News Blog.
Etsy is a marketplace where millions of people around the world connect, both online and offline, to make, sell and buy unique goods. The Etsy community includes the creative entrepreneurs who sell on our platform, thoughtful consumers looking to buy unique goods in our marketplace, retailers and manufacturers who partner with Etsy sellers to help them grow their businesses, and Etsy employees who maintain our platform and nurture our ecosystem. Our mission is to reimagine commerce in ways that build a more fulfilling and lasting world, and we're committed to using the power of business to strengthen communities and empower people.
Etsy was founded in 2005 and is headquartered in Brooklyn, New York.
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SOURCE Etsy, Inc.