Freightos Announces CEO Succession Process

Rhea-AI Summary

Freightos (NASDAQ: CRGO) announced that founder and CEO Zvi Schreiber will step down as CEO effective January 31, 2026 and will remain on the board as a non-executive director.

The board appointed CFO Pablo Pinillos as Interim CEO and has launched a comprehensive executive search for a permanent CEO. Management highlighted recent commercial momentum, including enterprise agreements with multiple top-ten global freight forwarders, a recent expansion to ocean freight, an annualized run rate of 1.7 million bookings, and handling well over $1 billion in annual Gross Booking Value.

Positive

• Pablo Pinillos named Interim CEO, providing leadership continuity
• Enterprise agreements signed with multiple top-ten global freight forwarders
• Annualized run rate of 1.7 million bookings
• Handles well over $1 billion in annual Gross Booking Value
• Recent expansion into ocean freight

Negative

• Founder Zvi Schreiber to step down as CEO on January 31, 2026
• Board has launched a comprehensive executive search, creating near-term leadership uncertainty

Key Figures

CEO transition date January 31, 2026 Effective date for founder stepping down as CEO

Booking run rate 1.7 million bookings Annualized run rate cited as company scales platform

Market Reality Check

$2.31 Last Close

Volume Volume 48,016 is below the 59,860 20-day average (about 0.8x typical activity). normal

Technical Trading above 200-day MA at 2.8, with shares at 3.06 pre-announcement.

Peers on Argus

Peers showed mixed moves: one rose 35% (SFWL), others ranged from -2.15% (PAL) to modest gains and flat trading. With CRGO down 0.33%, the reaction appeared more stock-specific than sector-driven.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 24	Network expansion	Positive	+6.3%	Jambojet Cargo joined WebCargo, expanding digital cargo routes in East Africa.
Nov 19	Network expansion	Positive	-2.4%	Pattaya Airways integration enabled digital bookings on Southeast Asia routes.
Nov 17	Earnings update	Negative	-13.9%	Q3 2025 showed strong growth but continued IFRS loss and negative EBITDA.
Nov 11	Partnership deal	Positive	+2.8%	Megacap Aviation partnership added capacity from 13 airlines to WebCargo.
Nov 10	Exec appointment	Positive	+7.4%	Appointment of a CRO to drive global go-to-market and revenue strategy.

Pattern Detected

Recent news reactions mostly aligned with the apparent sentiment of announcements, with one notable divergence on a positive network expansion update.

Recent Company History

Over the last few months, Freightos reported Q3 2025 revenue of $7.7M with strong transaction and GBV growth, though still loss-making. Operationally, it expanded its digital freight network through partnerships like Jambojet, Pattaya Airways, and Megacap Aviation, adding routes and carriers for thousands of forwarders. Management also strengthened its go-to-market team by appointing a new CRO. Today’s CEO succession update follows a period of active commercial and governance developments.

Market Pulse Summary

The stock moved -6.5% in the session following this news. A negative reaction despite Freightos’ emphasis on continuity would fit a pattern where the market has been sensitive to perceived risk, such as ongoing losses. Here, the founder CEO’s planned departure could heighten concerns about execution, even though he remains on the board and the CFO becomes interim CEO. Past news has generally traded in line with sentiment, so extended weakness would likely hinge on future updates to growth, profitability, and leadership stability.

Key Terms

gross booking value financial

"handling well over a billion dollars in annual Gross Booking Value"

Gross booking value is the total dollar amount of transactions or orders processed through a platform before subtracting refunds, cancellations, fees or payments to third parties. Think of it as the full price tag of everything sold in a store rather than the store’s actual take-home pay. Investors watch it to gauge customer demand and platform scale, but they also compare it with net revenue and take-rates to understand how much of that activity turns into real profit.

restricted stock units financial

"The securities were acquired as Restricted Stock Units from the issuer"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

form 6-k regulatory

"filed a Form 6-K disclosing two governance moves effective"

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

form 144 regulatory

"filed a Form 144 reporting a proposed sale of 18,606 ordinary shares"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

form s-8 regulatory

"incorporated by reference into Freightos’ registration statements on Form S-8"

A Form S-8 is a U.S. Securities and Exchange Commission registration that lets a public company set aside shares for employee benefit plans and stock-based compensation. Think of it as opening a dedicated account that authorizes the company to issue or reserve stock for workers and directors; it matters to investors because it enables share dilution when those awards are granted or exercised and signals how management is compensated and incentivized.

form f-3 regulatory

"incorporated by reference into Freightos’ registration statements on Form S-8 and Form F-3"

Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.

AI-generated analysis. Not financial advice.

Founder and CEO Zvi Schreiber to transition from CEO role and continue to serve on the board of directors

BARCELONA, Spain, Dec. 17, 2025 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading global freight booking and payment platform for the international freight industry, today announced that its founder and CEO, Zvi Schreiber, has decided with the board's support to step down from his role as CEO on January 31, 2026, in order to pursue other entrepreneurial interests. He will continue to serve as a non-executive board member, providing ongoing guidance to fulfill the company's vision for digital freight pricing, procurement and booking.

To support a smooth transition, the board has asked Pablo Pinillos, the company's CFO, to serve as Interim CEO. The board has begun a comprehensive executive search, to identify the leader who will guide the company's continued evolution in the years ahead.

"Building Freightos from a vision into the world's largest digital international freight booking platform has been the adventure of a lifetime," said Zvi Schreiber. "Together with forward-thinking carriers, freight forwarders, and shippers, we've led the industry's digital transformation, proving that global freight can modernise, supporting smoother trade between the people of the world.  With a growing base of thousands of customers worldwide, the time is right for Freightos to have a CEO laser-focused on our next stage of scale-up, while I turn my attention to new adventures. 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."

"Zvi poured himself into this company," said Udo Lange, non-executive Chairman of Freightos. "His vision and his belief in a connected, digital freight ecosystem have shaped Freightos at every step. All of us on the board are deeply grateful for what he's built, and we're glad he will remain with us as a non-executive director."

"We're now moving into Freightos' next phase," he continued, "focused on delighting customers as we scale, implementing ongoing improvements for operational discipline, and delivering the full potential of the platform that Zvi envisioned. We have a strong team and will run a comprehensive search to select the next CEO. Pablo and the management team are focused on driving value and supporting our customers, employees, partners and shareholders, while ensuring this transition sets the company up to capture the massive opportunities for long-term profitable growth."

Freightos continues to see strong momentum, including recent enterprise agreements with multiple top ten global freight forwarders, a recent expansion to ocean freight, passing an annualized run rate of 1.7 million bookings, and handling well over a billion dollars in annual Gross Booking Value, as the company scales its platform connecting freight buyers and sellers worldwide.

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.

Media Contact
Tali Aronsky
PR Lead, Freightos
tali.aronsky@freightos.com

Investor Contact
Anat Earon-Heilborn
ir@freightos.com

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View original content:https://www.prnewswire.com/news-releases/freightos-announces-ceo-succession-process-302644713.html

SOURCE Freightos

FAQ

When will Freightos CEO Zvi Schreiber step down and what is his new role (CRGO)?

Zvi Schreiber will step down as CEO on January 31, 2026 and will continue as a non-executive board member.

Who is interim CEO of Freightos (NASDAQ: CRGO) during the transition?

CFO Pablo Pinillos has been appointed as Interim CEO to lead the company during the search for a permanent CEO.

How large is Freightos' current platform scale (bookings and GBV) reported on December 17, 2025?

Freightos reported an annualized run rate of 1.7 million bookings and handling well over $1 billion in annual Gross Booking Value.

Does the CEO transition affect Freightos' commercial momentum (CRGO)?

Management said the company continues to sign enterprise agreements, expanded to ocean freight, and is focused on scaling while the board conducts a CEO search.

What steps is Freightos' board taking to replace the CEO (CRGO)?

The board has asked the CFO to serve as Interim CEO and launched a comprehensive executive search to identify the next permanent CEO.