Freightos Announces Board Change

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

News Market Reaction – CRGOW

-31.73%

1 alert

-31.73% News Effect

On the day this news was published, CRGOW declined 31.73%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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

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.