Freightos Leadership Shift: CFO Pinillos Takes the Helm as Schreiber Exits

Freightos Limited (CRGO) revealed a significant management transition on Wednesday as founder and Chief Executive Officer Zvi Schreiber departs from his executive position to explore new entrepreneurial ventures. The logistics tech company's Chief Financial Officer Pablo Pinillos will fill the gap, taking on interim CEO responsibilities while the board launches a formal search for a permanent replacement.

**The Leadership Change**

Schreiber's departure marks a notable moment for the freight-focused platform, though he plans to maintain involvement through a board seat. His decision to pursue fresh business opportunities comes as the company continues navigating the competitive logistics technology space. Pinillos, who brings financial and operational expertise to the interim role, steps up during what analysts view as a critical period for the company's strategic direction.

**Market Reaction**

The market absorbed the news with visible caution. CRGO shares reflected modest pressure, trading at $2.98, representing a 2.48 percent decline on the Nasdaq at the time of announcement. The pullback suggests investor focus on the transition period and uncertainty around the CEO search timeline.

**What's Next**

The board has set in motion a comprehensive recruitment effort to identify qualified leadership for the permanent CEO position. With Pinillos steering operations in the interim, the company aims to maintain business continuity while conducting a thorough executive search. Schreiber expressed confidence in both the transition and the team's capabilities, positioning his exit as a natural evolution rather than a crisis point.