Freetrade, Britain's answer to Robinhood, says its CEO is stepping down

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Freetrade, Britain's answer to Robinhood, says its CEO is stepping down
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British stockbrokerage platform Freetrade told CNBC exclusively Monday that its long-time CEO Adam Dodd has stepped down.

British stock brokerage platform Freetrade told CNBC exclusively Monday that its long-time CEO Adam Dodds has stepped down.

Adam Dodds, who co-founded the company with business partners Davide Fioranell and Viktor Nebehaj in 2016, will be replaced by Nebehaj, currently Freetrade's chief operating officer, as CEO, pending customary regulatory approvals.Dodds remains the largest individual shareholder in Freetrade, owning a roughly 12% stake, according to company filings.

Nebehaj, Freetrade's incoming CEO, applauded Dodds' eight-year run as CEO and said that"it's natural that different stages of a company's growth require different leaders."

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