Freightos Limited (CRGO), a freight forwarding and logistics platform, has announced a significant leadership transition. The company’s Chief Executive Officer Zvi Schreiber is departing to explore new entrepreneurial ventures, marking a strategic shift in the organization’s leadership structure.
During this transition period, Chief Financial Officer Pablo Pinillos will serve as interim CEO, overseeing day-to-day operations while the board conducts a comprehensive search for a permanent chief executive. This move ensures continuity in management and strategic direction.
Departing CEO Schreiber expressed optimism about the company’s trajectory, stating that he will maintain an active role as a board member. “It will be a privilege to continue actively supporting Freightos as a board member, and I can’t wait to see where our outstanding team takes it from here,” Schreiber noted, signaling confidence in both the incoming interim leadership and the broader team’s capabilities.
The market has responded to this leadership news, with CRGO shares trading at $2.98 on the Nasdaq, reflecting a 2.48 percent decline. The stock movement suggests investors are monitoring how the transition unfolds and awaiting the announcement of a permanent CEO successor.
This leadership restructuring comes as part of broader executive changes in the logistics tech sector, with companies frequently evolving their management teams to align with evolving market dynamics and strategic priorities.
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Leadership Transition: Freightos CEO Steps Aside As Interim Leadership Takes the Helm
Freightos Limited (CRGO), a freight forwarding and logistics platform, has announced a significant leadership transition. The company’s Chief Executive Officer Zvi Schreiber is departing to explore new entrepreneurial ventures, marking a strategic shift in the organization’s leadership structure.
During this transition period, Chief Financial Officer Pablo Pinillos will serve as interim CEO, overseeing day-to-day operations while the board conducts a comprehensive search for a permanent chief executive. This move ensures continuity in management and strategic direction.
Departing CEO Schreiber expressed optimism about the company’s trajectory, stating that he will maintain an active role as a board member. “It will be a privilege to continue actively supporting Freightos as a board member, and I can’t wait to see where our outstanding team takes it from here,” Schreiber noted, signaling confidence in both the incoming interim leadership and the broader team’s capabilities.
The market has responded to this leadership news, with CRGO shares trading at $2.98 on the Nasdaq, reflecting a 2.48 percent decline. The stock movement suggests investors are monitoring how the transition unfolds and awaiting the announcement of a permanent CEO successor.
This leadership restructuring comes as part of broader executive changes in the logistics tech sector, with companies frequently evolving their management teams to align with evolving market dynamics and strategic priorities.