The CEO of British trading app Freetrade, Adam Dodds, has announced his resignation with immediate effect. Dodds, who co-founded Freetrade in 2016, will be succeeded by Victor Nebehaj, the current Chief Operating Officer of the company.
Nebehaj will step into the role of CEO pending regulatory approvals, as Dodds takes a step back from the day-to-day operations. Despite stepping down, Dodds will continue to support the company’s progress from an external position.
‘We almost died so many times it’s hard to count’
Reflecting on his decision to leave, Dodds expressed confidence in Nebehaj’s ability to lead Freetrade in its upcoming growth phase. The company’s plans include expanding product offerings like bonds, mutual funds, tax wrappers, and the web platform while focusing on growing its profitable U.K. user base.
Nebehaj acknowledged Dodds’ contributions during his eight-year tenure as CEO and emphasized the potential for growth ahead. With the company’s first profitable quarter recorded recently, Nebehaj is optimistic about the future and praises the team’s dedication to delivering quality products to customers.
Perry Blacher, the chairman of Freetrade’s board, expressed confidence in Nebehaj’s leadership capabilities to steer Freetrade towards continued success.
Wild few years
Freetrade has experienced significant ups and downs in recent years under Dodds’ leadership. From its humble beginnings as a startup disrupting wealth management to reaching over 1.4 million users, the company has navigated various challenges.
Following a period of rapid user growth amidst events like the GameStop trading saga, Freetrade later faced the need to adjust its operations to achieve profitability. Despite challenges, the company’s recent crowdfunding success and first profitable quarter indicate a positive trajectory.
While reporting reduced annual losses and increased revenues, Freetrade remains focused on sustainable growth and delivering value to its expanding user base.
