Freightos Announces Board Change

Freightos (NASDAQ: CRGO) announced that Dr. Zvi Schreiber will step down from the Board of Directors, effective February 28, 2026.

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

Argus Feb 23 session

-30.18% close to close Open Argus

Details

News Market Reaction – CRGO

In the Feb 23 session, CRGO declined 30.18%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -30.2% in the session following this news. A negative reaction despite this relati...

Analysis

The stock dropped -30.2% in the session following this news. A negative reaction despite this relatively routine board change would fit a pattern where the stock has sometimes sold off around leadership and earnings news, even when fundamentals were solid. Q3 results and platform expansion previously saw price declines of up to 13.91%. With shares already below the 200-day MA and far from the 52-week high, governance transitions could have amplified uncertainty, making the stock more sensitive to further execution or communication risks.

Key Figures

Board resignation effective date: February 28, 2026

Board resignation effective date

February 28, 2026

Effective date for Dr. Zvi Schreiber stepping down from board

Historical Context

5 past events · Latest: Jan 15

5 events

1. Jan 15

   KPI beat update

   24h Move

   +28.0%

   Preliminary Q4 2025 KPIs and GBV exceeded management’s stated ranges.

2. Dec 17

   CEO succession plan

   24h Move

   -6.5%

   Founder CEO set to step down with interim CEO appointed and search launched.

3. Nov 24

   Partnership expansion

   24h Move

   +6.3%

   Jambojet Cargo joined WebCargo, expanding digital cargo connectivity in East Africa.

4. Nov 19

   Platform expansion

   24h Move

   -2.4%

   Pattaya Airways integration expanded digital air cargo access in Southeast Asia.

5. Nov 17

   Q3 2025 earnings

   24h Move

   -13.9%

   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.

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BARCELONA, Spain, Feb. 23, 2026 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral digital booking and payment platform for the international freight industry, today announced that Dr. Zvi Schreiber has informed the Company of his decision to step down from its Board of Directors, effective February 28, 2026.

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is leaving the Freightos board and when will the departure take effect (CRGO)?

Dr. Zvi Schreiber is stepping down from the Freightos board effective February 28, 2026. According to the company, the departure date is the formal effective date for his resignation from the Board.

Does Freightos (CRGO) have a complete board after Dr. Zvi Schreiber steps down?

Yes, the Board remains fully constituted in accordance with governance requirements. According to the company, board composition meets applicable governance rules despite the resignation.

What did Freightos (CRGO) say about its CEO search after the board change?

The company said the search for a permanent CEO continues as planned. According to the company, executive recruitment and succession efforts remain underway without change.

Did Freightos (CRGO) comment on Dr. Zvi Schreiber’s contributions to the company?

Freightos thanked Dr. Zvi Schreiber for his leadership and service to the company. According to the company, the Board publicly acknowledged his contributions to its mission.

Will Dr. Zvi Schreiber’s resignation affect Freightos operations or strategy (CRGO)?

The announcement indicates no immediate operational change and the Board remains constituted. According to the company, strategic commitments to digitalizing global freight continue unchanged.

When was Freightos’ board change announced and which stock symbol is affected?

The board change was announced on February 23, 2026 and affects Freightos, listed as NASDAQ: CRGO. According to the company, the public notice was issued on that date.