FreeAgent CEO to step down in July

FreeAgent, a cloud accounting company, has announced that co-founder Ed Molyneux will step down from his role as chief executive officer this July. 

Molyneux, who co-founded FreeAgent in 2007, following a career as an RAF Harrier pilot, will leave the company on 16 July after a 14-year-long tenure as CEO. 

During his leadership, he took FreeAgent from a “bootstrapped tech startup” to a “leading name” in the UK tech scene – including becoming the first equity crowdfunded UK company to successfully complete an IPO, and being acquired by the NatWest Group in 2018.

Roan Lavery, current chief product officer and co-founder, will take over as CEO. 

As new CEO, Lavery will oversee FreeAgent’s mission to “build deeper integrations between banking and accounting platforms, as well as helping more small business owners, accountants and bookkeepers comply with the government’s Making Tax Digital (MTD) agenda”. 

Lavery said: “It’s been a privilege to work alongside Ed as a co-founder, trusted colleague and friend for the past 14 years and I look forward to building on his legacy as we take FreeAgent forward in the years ahead.”