Depop App Announces Permanent CEO Appointment
Depop Names Peter Semple as Permanent CEO
Depop, the popular online fashion reseller, has announced that Peter Semple will be taking on the role of CEO permanently, effective from August 1, 2025. Semple has been serving as the interim CEO since May.
Semple joined Depop in 2019, initially holding the position of Chief Marketing Officer. He demonstrated a proven ability to lead and inspire teams, shaping the company's strategic vision during his tenure.
The parent company of Depop is Etsy Inc., a publicly traded company listed on the Nasdaq with a market capitalization of approximately $6.51 billion as of mid-2025 [1]. Although specific financial performance details for 2025 are not provided, this market cap gives an indication of Etsy's valuation and scale.
Depop has shown strong top-line growth, particularly in the U.S., in Etsy's most recent quarter. The company's gross merchandise sales were the highest they have been since the business was acquired in 2021. In its most recent quarter, Etsy reported a 0.8% increase in revenue to $651.2 million, while gross merchandise sales were down 6.5% [2].
Etsy CEO Josh Silverman has stated that Depop, as a leading resale platform, has seen remarkable momentum in recent years. Rafe Colburn, who was the chief technology and product officer at Depop, left his position to take on a similar role with Etsy.
Peter Semple's appointment was officially announced by Depop in a company release sent to Retail Dive.
References:
[1] Etsy Inc. (2025). Market Cap. Yahoo Finance. Retrieved from https://finance.yahoo.com/quote/ETSY/
[2] Etsy Inc. (2025). Q2 Earnings Report. Etsy Inc. Retrieved from https://investors.etsy.com/investor-news/press-release-details/2025/Etsy-Reports-Second-Quarter-2025-Results/default.aspx
Key Update:
- Depop: Peter Semple appointed as CEO permanently as of August 1, 2025
- Etsy: Market cap around $6.51 billion as of mid-2025; no detailed financial results provided for 2025.
- The appointment of Peter Semple as the permanent CEO of Depop, a leading fashion resale platform, showcases the convergence of business and technology in the retail industry.
- With Semple's extensive background in marketing and his proven record of inspiring teams, the company's strategic vision is poised to stretch beyond fashion, venturing into the broader realms of AI and culture.
- As Depop's parent company, Etsy Inc., continues to maintain a significant market capitalization, financial ties between the two entities and the broader industry of retail and finance are further interwoven.
- With Semple now at the helm and the platform experiencing steady growth, Depop plans to leverage technology to strengthen its position in the fast-paced world of fashion and music, aligning itself with the evolving tastes and lifestyles of the modern consumer.
- Semple's appointment, combined with Etsy's valuation, underscores the increasing importance of resale platforms in the broader context of fashion, business, and finance, further solidifying Depop's role as an industry disruptor and player within the larger cultural landscape.
