Change at top

Molyneux steps down as CEO at software firm FreeAgent

Ed Molyneux

Proud: Ed Molyneux

Ed Molyneux, founder and CEO of Scottish accounting software company FreeAgent, is stepping down.

After a 14-year-long tenure at the helm he is being replaced by co-founder and current chief product officer Roan Lavery.

During Mr Molyneux’s leadership the Edinburgh firm became the first equity crowdfunded UK company to complete an initial public offering. It was subsequently acquired by Royal Bank of Scotland and integrated into its offering to business customers.

Molyneux, a former RAF pilot, said: “I’m incredibly proud of what FreeAgent has achieved since we started in 2007.

“To see the business grow from its humble origins of building the first prototype at my kitchen table to the amazing place that more than 250 people work at now has been a truly humbling experience.

“It’s difficult for any company founder to know when it’s time to move on, but I believe that after 14 years I’ve done everything that I wanted to do as CEO and now is the time for new challenges.

Leave a Reply

Your email address will not be published. Required fields are marked as *

This site uses Akismet to reduce spam. Learn how your comment data is processed.