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Freightos Leadership Transition: Interim CEO Takes Over as Schreiber Departs
Freight logistics platform Freightos Limited (CRGO) announced a leadership shake-up, with Chief Executive Officer Zvi Schreiber stepping aside to pursue new entrepreneurial ventures. The market reacted with caution, as shares dropped 2.48% to $2.98 on Nasdaq trading.
Stepping Into the Role
CFO Pablo Pinillos will serve as interim chief executive while the board launches a full search for a permanent CEO replacement. Pinillos brings financial expertise to the top job during this transitional period. The company's board has made clear their commitment to finding experienced leadership to drive the organization forward.
What's Next for Freightos
Despite the leadership change, Schreiber remains committed to the company's vision. The outgoing CEO expressed enthusiasm about continuing as a board member, stating he looks forward to supporting the team's future direction. His decision to step down reflects a planned transition rather than any operational crisis.
The shake-up reflects broader trends in the logistics tech space, where executive transitions often signal strategic pivots or new growth phases. Investors will be watching closely to see who the board selects as the permanent successor and whether the appointment can stabilize stock performance in coming weeks.