Freightos Limited Leadership Transition: Pablo Pinillos Takes Helm as Interim CEO Following Schreiber's Departure

Freightos Limited (CRGO) announced a significant leadership reshuffle on Wednesday, with founder and CEO Zvi Schreiber departing to pursue new entrepreneurial ventures. The move marks a pivotal moment for the freight technology platform as it seeks to chart its next chapter.

Chief Financial Officer Pablo Pinillos will step into the interim CEO position during the transition period, assuming responsibility for steering the company through this strategic shift. The board has simultaneously launched an expansive recruitment initiative to identify a permanent chief executive who will lead the organization forward.

Schreiber, reflecting on his transition, stated, "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 statement underscores the continuity of leadership involvement despite his exit from the day-to-day CEO role.

Market Reaction and Stock Performance

The leadership announcement coincided with stock pressure, as CRGO shares traded at $2.98 on the Nasdaq, reflecting a 2.48 percent decline. Market participants are monitoring whether the interim leadership structure and recruitment process will influence investor sentiment in the coming weeks.

The transition underscores the importance of succession planning in high-growth technology companies, with Pinillos' interim leadership role positioning the CFO as a stabilizing force during the executive search phase.