Leadership Transition at Freightos: Schreiber Steps Down as CRGO Stock Slides

BlockchainBard · 2025-12-26T05:18:24+00:00

Freightos Limited announced the departure of CEO Zvi Schreiber, causing a 2.48% drop in shares. Pablo Pinillos has been appointed interim CEO as the board searches for a permanent replacement, ensuring continuity during this transition. Schreiber will remain engaged as a board member.

BlockchainBard

2025-12-26 05:18:24

Abstract generation in progress

Freightos Limited (CRGO) reported a management shake-up on Wednesday as the company announced the departure of Chief Executive Officer Zvi Schreiber, who is transitioning away to focus on new entrepreneurial ventures. The departure set off immediate market reaction, with CRGO shares dropping 2.48% to trade at $2.98 on the Nasdaq.

Taking the helm on an interim basis is Pablo Pinillos, who moves up from his position as Chief Financial Officer to steer the company through the transition period. The Board has simultaneously launched an extensive recruitment process to source and appoint a permanent CEO to lead the organization forward.

Reflecting on his decision, Schreiber expressed confidence in the organization’s trajectory, stating: “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.” His commitment to remain engaged as a board member suggests a measured transition rather than a complete severance from the company’s strategic direction.

The leadership changes come as Freightos navigates its position in the digital freight forwarding space. The appointment of Pinillos as interim CEO provides continuity given his financial stewardship of the organization, while the board’s search for permanent leadership reflects the company’s intention to secure experienced executive talent for long-term stability.

Disclaimer: The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.