Freightos Announces Board Change
Freightos (NASDAQ: CRGO) announced that Dr. Zvi Schreiber will step down from the Board of Directors, effective February 28, 2026.
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Rhea-AI Summary
Freightos (NASDAQ: CRGO) announced that Dr. Zvi Schreiber will step down from the Board of Directors, effective February 28, 2026. The company said the Board remains fully constituted under governance rules and that the search for a permanent CEO continues as planned.
The Board thanked Dr. Schreiber for his leadership and service and reiterated commitment to digitalizing global freight across carriers, freight forwarders, importers and exporters.
Positive
- Board remains fully constituted under applicable governance requirements
- CEO search continues as planned, indicating ongoing leadership succession efforts
Negative
- Director departure effective Feb 28, 2026 may create near-term leadership transition uncertainty
Details
News Market Reaction – CRGO
On Feb 23, the day this news came out, CRGO closed 30.18% below the previous close. That session’s volume was 9.0x the stock’s average daily volume.
Data tracked by StockTitan Argus for the Feb 23 session.
Key Figures
- Board resignation effective date
- February 28, 2026
- Effective date for Dr. Zvi Schreiber stepping down from board
Historical Context
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Preliminary Q4 2025 KPIs and GBV exceeded management’s stated ranges.
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Founder CEO set to step down with interim CEO appointed and search launched.
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Jambojet Cargo joined WebCargo, expanding digital cargo connectivity in East Africa.
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Pattaya Airways integration expanded digital air cargo access in Southeast Asia.
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Strong Q3 growth, improving margins and reiterated FY guidance reported.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Board remains fully constituted in accordance with applicable governance requirements and the search process for a permanent Chief Executive Officer continues as planned. The Board and Company thank Zvi for his leadership and service to the Company and remain committed to fulfilling the mission of digitalizing global freight across carriers, freight forwarders, importers and exporters.
About Freightos
Freightos® (Nasdaq: CRGO) is the leading vendor-neutral global freight booking platform. Airlines, ocean carriers, thousands of freight forwarders, and well over ten thousand importers and exporters connect on Freightos, making world trade efficient, agile, and resilient.
The Freightos platform digitizes the trillion dollar international freight industry, supported by a suite of software solutions that span pricing, quoting, booking, shipment management, and payments for businesses of all shapes and sizes around the globe. Products include Freightos Enterprise for multinational importers and exporters, Freightos Marketplace for small importers and exporters, WebCargo and 7LFreight by WebCargo for freight forwarders, WebCargo for Airlines, and Clearit, a digital customs broker.
Freightos is a leading provider of real-time industry data via Freightos Terminal, which includes the world's leading spot pricing indexes, Freightos Air Index (FAX) for air cargo and Freightos Baltic Index (FBX) for container shipping. Futures of FBX are traded on CME and SGX.
More information is available at freightos.com/investors
Contacts
Media:
Tali Aronsky
press@freightos.com
Investors:
Anat Earon-Heilborn
ir@freightos.com
Logo: https://mma.prnewswire.com/media/2319256/4496202/Freightos_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/freightos-announces-board-change-302694448.html
SOURCE Freightos
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