Francesca Carlesi, co-founder and CEO of Molo, the digital mortgage lender, has announced her decision to step down from her role.
Under her leadership, the company has been a key player in transforming the UK mortgage industry, leveraging its proprietary technology to simplify and speed up online mortgage lending.
Earlier this year, ColCap Financial Limited, an Australian nonbank mortgage lender, acquired an 80% stake in Molo. This acquisition was seen as a major milestone, fortifying Molo’s market presence and creating avenues for global expansion.
“It has been an incredible journey building Molo from the ground up and I’m immensely proud of what we’ve accomplished,” said Carlesi in a press statement. “This is the right time for me to pass the torch to new leadership while I explore new opportunities and challenges.”
Andrew Chepul, CEO of ColCap Financial and chair of Molo, acknowledged Carlesi’s impact on the industry. “I would like to thank Francesca for the excellent business she has built, which continues to challenge the status quo of the UK mortgage market,” he said.
Carlesi’s departure will take effect on 25th November 2023. She will remain available to assist with the transition process. In the meantime, Chepul will serve as executive chairman as the company begins its search for a new CEO.
